5801 Madison Ave

$999,950
Price
Beds
Baths
2,714 Sq. Ft.
$368 / Sq. Ft.
2,714
Sq. Ft.
$368
per Sq. Ft.

Description

Welcome to one of the best investment opportunities on the market! This quality four-plex features, you've guessed it, FOUR outstanding one-bed, one-bath units, each with its own gas and electric meters. Located down the street from El Cerrito City Hall, this property sits at a prime, yet quiet location, with easy access to shops, restaurants, freeways, and public transportation...an excellent attraction for great tenants. Whether you want to own your first investment property or you are a seasoned...Welcome to one of the best investment opportunities on the market! This quality four-plex features, you've guessed it, FOUR outstanding one-bed, one-bath units, each with its own gas and electric meters. Located down the street from El Cerrito City Hall, this property sits at a prime, yet quiet location, with easy access to shops, restaurants, freeways, and public transportation...an excellent attraction for great tenants. Whether you want to own your first investment property or you are a seasoned investor wanting to add another quality property to your portfolio, this is the right choice for you. Make this incredible four-plex yours today!

Property Details for 5801 Madison Avenue

MLS City Name
RICHMOND
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
6
Cross Street
San Pablo Ave
LISTING UPDATED: 11/26/2025 02:49 AM

Property Details for 5801 Madison Avenue

StatusActive
MLS #ML81986273
Days on Compass400
Taxes$20,271 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1944
Lot Size0.13 AC / 5,770 SF
CountyContra Costa County

Location

Listing Courtesy of Intero Real Estate Services, Alana Lam, DRE #01049403
Add your commute

Building Information for 5801 Madison Avenue

Stories2Residences4Year Built1944Building Size-Lot Size0.13 AC / 5,770 SF

Payment Calculator

$6,630 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,941

Property Taxes

$1,689

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5801 Madison Avenue

Features
Room Information
  • Additional Rooms: Storage
  • Kitchen: Appliances - Vary by Unit, Countertop - Granite, Hookups - Gas, Oven Range - Gas, Refrigerator
Features
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 2714
  • Pool: No
  • Security Features: Window Bars
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Individual Water Meter, Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Richmond -Annex
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 5801
  • Street Name: Madison
  • Street Suffix: Avenue
  • Area ID: 1708
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2714
  • Structure SqFt Source: Assessor
  • Age: 80
Development Information
  • Construction Type: Wood
  • Zoning Detail: r2
Location Information
  • Parcel Number: 509-090-011-8
  • County Name: Contra Costa
  • City Name: RICHMOND
  • City Postal ID: 164
  • Postal Code: 94804
  • Elementary School District: 2096
  • High School District Text: West Contra Costa Unified
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .13
  • Lot Description: Paved
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Fenced, Low Maintenance
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $20,271
  • Building Unit Total: 4
  • Capitalization Rate: 1.54
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $2,370
  • Expense Landscape: $0
  • Expense Maintenance: $500
  • Expense Management: $0
  • Expense Trash: $2,228
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $25,369
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance - Repair
  • Gross Rent Multiplier: 23.28
  • Income Annual Gross: $40,812
  • Income Annual Rental: $42,960
  • Income Gross Scheduled: $42,960
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,150
Unit 2 Information
  • Unit 2 Approx Square Footage: 678
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,200
Unit 3 Information
  • Unit 3 Approx Square Footage: 14
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
Unit 4 Information
  • Unit 4 Approx Square Footage: 19
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $1,230
Unit Type 1
  • Unit Type1 Approx SqFt: 678

Property History for 5801 Madison Avenue

DateEvent & SourcePriceAppreciation
Jan 13, 2025

Price Change

EBRD #ML81986273

$999,950
Jan 13, 2025

Price Change

MLSListings #ML81986273

$999,950
Nov 10, 2024

Listed (Active)

MLSListings #ML81986273

$1,099,950
Nov 10, 2024

Listed (Active)

EBRD #ML81986273

$1,099,950
Aug 11, 2021

Sold (Public Record)

Public Record #1468821742

$1,050,000

+8.9% / yr

Sep 1, 2017

Sold

EBRD #40784338

$750,000
Sep 1, 2017

Sold

MLSListings #EB40784338

$750,000
Aug 29, 2017

Sold (Public Record)

Public Record #603847542

$750,000
Jun 30, 2017

Pending

MLSListings #EB40784338

Jun 30, 2017

Pending

EBRD #40784338

Jun 6, 2017

Listed (Active)

MLSListings #EB40784338

$749,000
Jun 6, 2017

Listed (Active)

EBRD #40784338

$749,000
DateEvent & SourcePrice
01/13/2025

Price Change

EBRD #ML81986273

$999,950
01/13/2025

Price Change

MLSListings #ML81986273

$999,950
11/10/2024

Listed (Active)

MLSListings #ML81986273

$1,099,950
11/10/2024

Listed (Active)

EBRD #ML81986273

$1,099,950
08/11/2021

Sold (Public Record)

Public Record #1468821742

$1,050,000

+8.9% / yr

09/01/2017

Sold

EBRD #40784338

$750,000
09/01/2017

Sold

MLSListings #EB40784338

$750,000
08/29/2017

Sold (Public Record)

Public Record #603847542

$750,000
06/30/2017

Pending

MLSListings #EB40784338

06/30/2017

Pending

EBRD #40784338

06/06/2017

Listed (Active)

MLSListings #EB40784338

$749,000
06/06/2017

Listed (Active)

EBRD #40784338

$749,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5801 Madison Avenue

Taxable ValueLand$371,422Additions$742,845Total$1,114,267
Tax Record2025$20,639 ($1,720 / month)
Home Facts
Total Finished SqFt2,714 SqFtAbove Grade Finished SqFt2,714 SqFtStories1Lot Size5,770 SqFtStyleQuadraplexYear Built1944Year Renovated1974CountyCONTRA COSTAAPN509-090-011-8

Schools near 5801 Madison Avenue

This home is within West Contra Costa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Fairmont Elementary School
PublicK to 6

Fred T. Korematsu Middle School
Public7 to 8

El Cerrito Senior High School
Public9 to 12

John Henry High
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5801 Madison Avenue is a multi-family home for sale in Richmond, CA 94804. This property was listed for sale on November 10, 2024 by Intero Real Estate Services, it's currently listed at $999,950. It has been on the market for a total of 400 days and was last sold on August 11, 2021. This listing's school district is West Contra Costa Unified School District. Nearby schools include Fairmont Elementary School, Fred T. Korematsu Middle School and El Cerrito Senior High School. 5801 Madison Avenue is a 0-bed, 0-bath, 2,714 sqft multi-family home built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Intero Real Estate Services, Alana Lam, DRE #01049403

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.