$450,000
SOLD SEP 19, 2025
6 Beds
3 Baths
2,052 Sq Ft
6,499 Sq Ft Lot

Recently Sold

$219 Per Sq Ft

8% Below List Price

8 Days on Market

About This Home

As of September 2025

Welcome Investors and First time home buyers!!! Awesome opportunity with this Triplex. All units are rented with long time tenants. Each unit features 2 bedroom and 1 bath. All units have fenced, private yard, with its own attached laundry closet and each unit with 1 parking space. Property is on a corner lot across from Tenaya Middle School. Don't miss this rare Triplex opportunity to turn this property into your new home or investment with lots of potential in Merced.

Last Agent to Sell the Property

Martha Lizarraga

Coldwell Banker Realty License #01462198 Listed on: 08/12/2025

Coldwell Banker Realty

Last Buyer's Agent

Roger Cervantes

License #01411975

Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Home Design

  • 2,052 Sq Ft Home
  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Parking

  • 3 Parking Spaces
  • Assigned Parking

Additional Features

  • 6,499 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $38,220

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,080
  • Insurance Expense $1,656
  • Maintenance Expense $600
  • Manager Expense $2,664
  • Utility Expense $3,600
  • Operating Expense $10,992
  • Gross Income $38,220

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

0

Listing Details

  • Zoning: R-3-1.5
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2052
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Living Sq Ft: 2052

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1492
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.82
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1656
  • Expense Landscape: 1080
  • Expense Maintenance: 600
  • Expense Management: 2664
  • Expenses Total: 10992
  • Expenses Utility: 3600
  • Income Annual Gross: 38220.00
  • Income Annual Rental: 38220
  • Income Gross Scheduled: 38220
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
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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 Prior Sale
09/19/2025 09/19/25 Sold $450,000 -8.2% $219 / Sq Ft
08/21/2025 08/21/25 Pending -- -- --
08/12/2025 08/12/25 For Sale $490,000 +360.1% $239 / Sq Ft
10/28/2013 10/28/13 Sold $106,500 +6.5% $52 / Sq Ft View Prior Sale
10/18/2013 10/18/13 Pending -- -- --
08/15/2013 08/15/13 For Sale $100,000 -- $49 / Sq Ft
Source: MLSListings

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 $1,394 $130,405 $18,382 $112,023
2024 $1,394 $127,861 $18,022 $109,839
2023 $1,375 $125,367 $17,669 $107,698
2022 $1,356 $122,922 $17,323 $105,599
2021 $1,353 $120,525 $16,984 $103,541
2020 $1,362 $119,296 $16,810 $102,486
2019 $1,341 $116,970 $16,481 $100,489
2018 $1,224 $114,689 $16,158 $98,531
2017 $1,270 $112,453 $15,842 $96,611
2016 $1,251 $110,261 $15,532 $94,729
2015 $1,231 $108,615 $15,299 $93,316
2014 $1,205 $106,500 $15,000 $91,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML82017818

MLSListings

APN: 032-211-001