$2,520,000
SOLD NOV 6, 2025
29 Beds
1 Bath
11,900 Sq Ft
1.38 Acres

Recently Sold

$212 Per Sq Ft

6 Days on Market

Highlights

  • 1.38 Acre Lot
  • Fireplace
  • Landscaped
  • No HOA
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of November 2025

The U Street Duplexes - a tranquil 14-unit community situated on 1.38 acres in Merced, CA. Originally constructed in 1955 and thoughtfully renovated in phases thereafter, the property features a unit mix of thirteen (13) two-bedroom, one-bathroom units (800 SF) and one (1) three-bedroom, two-bathroom unit (1,500 SF). Current ownership has made substantial upgrades upon unit turnover, including stainless steel appliances, luxury vinyl plank flooring, fresh paint, modern fixtures, and updated bathrooms. Each unit offers in-demand amenities such as washer/dryer hookups, individual hot water heaters, private backyards, and carport-covered parking all highly valued by today's renters. Recent leases have been signed above $1,600, offering a clear path for a new owner to bring legacy tenants up to market and achieve a strong, stabilized yield with minimal capital outlay.

Last Agent to Sell the Property

Isaac Merritt

ALIVE Commercial Real Estate License #02153945 Listed on: 09/30/2025

Last Buyer's Agent

Isaac Merritt

ALIVE Commercial Real Estate License #02153945 Listed on: 09/30/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 1.38 Acre Lot
  • Landscaped

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Stucco

Interior Spaces

  • 11,900 Sq Ft Home
  • 1-Story Property
  • Fireplace

Flooring

  • Laminate
  • Tile
  • Vinyl

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • 14 Parking Spaces
  • Carport
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 031-013-011-000

Community Details

Overview

  • No Home Owners Association
  • 7 Buildings
  • 14 Units

Building Details

  • 14 Leased Units
  • Net Operating Income $154,269

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Year Built: 1955
  • Stories: 1
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Laminate, Vinyl
  • Price Per Square Foot: 211.76
  • Square Footage: 11900.00

Exterior Features

  • Construction Materials: Stucco, Wood
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 2520000.00
  • Lot Features: Sidewalk, Landscape Front
  • New Construction: No
  • Pool: No
  • Roof: Flat
  • Spa: No
  • Topography: Level,Level

Garage/Parking

  • Parking Features: Off Street, Carport
  • Total Parking Spaces: 14.00

Utilities

  • Security: Fire Extinguisher
  • Sewer: Public Sewer
  • Utilities: Electric
  • Cooling: Central
  • Heating: Central, Fireplace(s)
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Merced Union High

Lot Info

  • Zoning: R-2
  • Irrigation: Public District
  • Lot Size Acres: 1.3800
  • Lot Size Sq Ft: 60113.00

Multi Family

  • Income Includes: ["Rent Only"]
  • Number of Leased Units: 14
  • Number of Units: 14

Tax Info

  • Assessor Parcel Number: 031-013-011-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced
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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 List to Sale Price per Sq Ft
11/06/2025 11/06/25 Sold $2,520,000 0.0% $212 / Sq Ft
10/06/2025 10/06/25 Pending -- -- --
09/30/2025 09/30/25 For Sale $2,520,000 -- $212 / Sq Ft
Source: MetroList

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 $12,836 $1,223,662 $191,017 $1,032,645
2024 $12,836 $1,199,058 $187,272 $1,011,786
2023 $12,659 $1,175,700 $183,600 $992,100
2022 $10,609 $978,121 $225,161 $752,960
2021 $10,594 $959,728 $220,747 $738,981
2020 $10,677 $949,634 $218,484 $731,150
2019 $10,513 $931,410 $214,200 $717,210
2018 $3,188 $302,965 $60,319 $242,646
2017 $3,313 $297,374 $59,137 $238,237
2016 $3,258 $291,228 $57,978 $233,250
2015 $3,210 $287,255 $57,108 $230,147
2014 $3,147 $282,152 $55,990 $226,162
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 225127207

MetroList

APN: 031-013-012