$435,000

Estimated payment $2,741/month

Total Views 25,096
4 Beds
2 Baths
2,106 Sq Ft
$207 Price per Sq Ft

About This Home

Excellent income opportunity in an established neighborhood! Features two units, with Unit one being 3 bed 1 bath currently tenant-occupied at $2,000/month plus utilities. The second unit is vacant and ready for occupancy, with potential rent of $1,200/month. Add your own appliances and start generating immediate cash flow! Property offers a strong 8% cap rate and even more upside with room to add an ADU (buyer to verify). Whether you're an investor or owner-occupant, take advantage of available seller concessions and unlock the full potential of this value-add property. Don't miss this rare find with built-in income and expansion options! Located in the heart of the historical old town Merced, with tree-lined streets and close to downtown. Please call for an appointment; do not disturb tenants.

Listing Agent

Rick Osorio

Century 21 Select Real Estate Brokerage Phone: 209-777-9922 License #01295751 Listed on: 05/08/2025

Century 21 Select Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 7,500 Sq Ft Lot
  • Density is 2-5 Units/Acre
  • Property is zoned R-1-6

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,106 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 27 / 19
  • Assessor Parcel Number 030121013000
  • $203 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Price Per Unit: 217500
  • Property Attached: No
  • Zoning: R-1-6
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 030121013000
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 206.55

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7500.00
  • Lot Size Acres: 0.1722

Multi Family

  • Lot Size Area: 7500.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 13.02
  • Tax Lot: 27
  • TaxOtherAnnualAssessmentAmount: 203.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 For Sale $435,000 -- $207 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC25102788

California Regional Multiple Listing Service (CRMLS)

APN: 030-121-013