NOT LISTED FOR SALE
29 Beds
1 Bath
11,900 Sq Ft
1.38 Acre Lot

Sale Details

Date Sold: November 6, 2025

Last sale price $2,520,000 $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

1.38 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2025
Closed on
Oct 24, 2025
Sold by
Bought by
Seller's Agent
Isaac Merritt
ALIVE Commercial Real Estate
Buyer's Agent
Isaac Merritt
ALIVE Commercial Real Estate
List Price
$2,520,000
Sold Price
$2,520,000
Views
21

Purchase Details

Closed on
Jun 3, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,837,500
Interest Rate
0.0527%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 2018
Sold by
Bought by

Purchase Details

Closed on
Dec 26, 2017
Sold by
Bought by

Purchase Details

Closed on
May 16, 2003
Sold by
Bought by

Purchase Details

Closed on
Dec 18, 2001
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,520,000 First American Title
$1,950,000 Chicago Title
$1,400,000 Transcounty Title Company
-- None Available
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,420,000
Closed $1,837,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $13,584 $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

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