$1,195,000

Estimated payment $6,572/month

Total Views 75
14 Beds
1 Bath
6,444 Sq Ft
$185 Price per Sq Ft

Highlights

  • 0.43 Acre Lot
  • Cul-De-Sac
  • Coin Laundry
  • No HOA
  • Central Heating and Cooling System
  • 4-minute walk to Community Pool Park

About This Home

very clean and well maintained 7-unit multifamily investment opportunity in Hilmar, CA. Sale offering includes a two story fourplex and one story triplex each on separate parcels, covered parking, and six on site storage units for added income potential. Situated on a total combined 18,748 SF across two legal parcels and two separate buildings, the property offers a desirable unit mix of four 2-bedroom/1.5-bath units and three 2-bedroom/1-bath units with private backyards. The investment presents pride of ownership curb appeal, with clean landscaping, quality roofs, and solid bones throughout. Each unit is equipped with central heating and air, adding to tenant comfort and appeal. Property has been kept in great working order, offering a new investor a turnkey asset with minimal maintenance to worry about heading into ownership. Currently generating $108,468 in annual income with room to grow to a proforma total of $136,068, this property presents an attractive value add opportunity for investors. At the proforma level, the property delivers a strong 8.16% cap rate, with rents still below market and clear upside as units turn over. Ideally located in the desirable small town of Hilmar near local schools, retail, and dining, this is a rare opportunity to acquire a well maintained multifamily asset with immediate cash flow and excellent long term upside.

Listing Agent

Jordan Amarant

PMZ Commercial Real Estate License #01911219 Listed on: 07/10/2026

PMZ Commercial Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 18,731 Sq Ft Lot
  • Cul-De-Sac

Home Design

  • Slab Foundation

Interior Spaces

  • 6,444 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Carbon Monoxide Detectors

Parking

  • 7 Parking Spaces
  • Covered Parking

Utilities

  • Central Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 015-130-003-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Additional Features

  • Coin Laundry
  • 7 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0.43 Acres

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 2
  • Year Built: 1968
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Varies by Unit
  • Price Per Square Foot: 185.44
  • Square Footage: 6444.00

Exterior Features

  • Construction Materials: See Remarks
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 1195000.00
  • Lot Features: Cul-De-Sac
  • New Construction: No
  • Pool: No
  • Spa: No

Garage/Parking

  • Parking Features: Covered
  • Total Parking Spaces: 7.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Cooling: Central
  • Heating: Central
  • Laundry Features: Coin Operated, In Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Hilmar Unified

Lot Info

  • Zoning: R-3
  • Irrigation: None
  • Lot Size Acres: 0.4300
  • Lot Size Sq Ft: 18731.00

Multi Family

  • Income Includes: ["Laundry"]
  • Number of Leased Units: 7
  • Number of Units: 7

Tax Info

  • Assessor Parcel Number: 015-130-003-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Merced

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,416 $125,671 $9,767 $115,904
2024 $1,394 $123,230 $9,576 $113,654
2023 $1,357 $120,838 $9,389 $111,449
2022 $1,339 $118,492 $9,205 $109,287
2021 $1,317 $116,192 $9,025 $107,167
2020 $1,311 $115,013 $8,933 $106,080
2019 $1,300 $112,781 $8,758 $104,023
2018 $1,196 $110,593 $8,587 $102,006
2017 $1,171 $108,448 $8,419 $100,029
2016 $1,149 $106,345 $8,254 $98,091
2015 $1,136 $104,766 $8,131 $96,635
2014 $1,110 $102,737 $7,972 $94,765
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
07/10/2026 07/10/26 For Sale $1,195,000 -- $185 / Sq Ft
Source: MetroList

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 Type Sale Price Title Company
Grant Deed $580,000 None Listed On Document
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 Loan Amount Loan Type
Closed $210,000 Commercial
Source: Public Records

Source: MetroList

MLS Number: 226087951

MetroList

APN: 015-130-003

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