351-353 Madison St
$950,000
9
Beds
6
Baths
3,987
Sqft
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$950,000
9
Beds
6
Baths
3,987
Living Area
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Property Description
Situated in the sought-after historic Highland area, this six-unit multifamily presents a rare chance to secure a value add asset with strong upside. Featuring long-term tenants and classic details, this property offers immediate income with potential for increased returns through strategic updates. Prime location near hospitals, shopping, dining, and major routes, including the South Coast Rail line. Whether you're expanding your portfolio or entering the market, this property offers long-term equity growth and stable cash flow.
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Highlights
- Levels: 5
- Property Class: Residential Income
- Stories: 5
- Year Built: 1924
- Parking Spots: 4
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 23
- Status: Active
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Additional Details
- Basement: Full, Unfinished
- Foundation: Granite
- Roof: Shingle
- Total Number of Units: 6
- Year Built Source: Public Records
- Construction: Frame
- Lot Features: Corner Lot
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: B
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, Highway Access
- Parking Features: Off Street, Paved
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $577,500
- Taxes: $6,612
- Tax Year: 2025
- Total Rent: $5,975
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