137 Sycamore St Madera, CA 93638
East Madera NeighborhoodEstimated payment $1,858/month
Highlights
- No HOA
- Carpet
- 1-Story Property
- Ceiling Fan
About This Home
Investor Opportunity in Madera! Duplex featuring two 1-bedroom, 1-bath units with a strong rental history and consistent tenant occupancy. Built in 1949, this property offers a simple layout that appeals to long-term renters and investors seeking a steady income property. Situated directly across from a park and just minutes from Madera's picturesque and historic downtown district, the location supports continued tenant demand. The property features a large, fenced backyard with alley access, offering potential flexibility for future improvements or additional outdoor space for tenants. The exterior trim and front entry patio have recently been refreshed with new paint, adding to the property's curb appeal. This duplex presents an opportunity for investors looking to add value over time. The property offers open on-site parking (no garage). With steady occupancy, a desirable location, and value-add potential, this duplex is an excellent opportunity for investors seeking to expand their portfolio with a manageable, income-producing property.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 6,970 Sq Ft Lot
Home Design
- Duplex
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 1,365 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Flooring
- Carpet
- Vinyl
Laundry
- Laundry in unit
- Washer and Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
Utilities
- Cooling System Mounted In Outer Wall Opening
- Wall Furnace
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 007-203-011
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Leased Units
- Insurance Expense $800
- Maintenance Expense $800
- Professional Management Expense $840
- Net Operating Income $26,550
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,576 | $225,582 | $54,396 | $171,186 |
| 2023 | $2,576 | $206,063 | $49,814 | $156,249 |
| 2022 | $2,268 | $196,251 | $47,442 | $148,809 |
| 2021 | $2,089 | $180,464 | $45,183 | $135,281 |
| 2020 | $2,068 | $173,524 | $43,446 | $130,078 |
| 2019 | $2,033 | $168,470 | $42,181 | $126,289 |
| 2018 | $1,823 | $160,447 | $40,172 | $120,275 |
| 2017 | $1,751 | $152,807 | $38,259 | $114,548 |
| 2016 | $1,707 | $149,811 | $37,509 | $112,302 |
| 2015 | $1,621 | $142,677 | $35,723 | $106,954 |
| 2014 | $1,416 | $130,896 | $32,773 | $98,123 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/19/2026 03/19/26 | For Sale | $305,000 | -- | $223 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First American Title | |
| Grant Deed | $225,000 | First American Title | |
| Grant Deed | $83,000 | -- | |
| Interfamily Deed Transfer | -- | Chicago Title | |
| Interfamily Deed Transfer | -- | Chicago Title | |
| Grant Deed | $85,000 | Chicago Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | Fannie Mae Freddie Mac |
Source: MetroList
MLS Number: 226027068
APN: 007-203-011
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