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Merced, CA, 95340 • 95340 • Merced County
$318/sqft
2Beds
2Baths
960Sqft
0.11 acLot
1945Built
Character Home
Built 1945 · 81 years of history
2-Car Garage
Off Street · Carport · Garage · Guest
This home is in high demand
Listed 844 days ago · 2 views · Top 3% likely to sell soon
Demand and pricing signals for this listing
2 views
People checking out this listing
844 days on market
Established listing
$318/sqft
Price per square foot
This home ranks in the top 3% of listings most likely to go under contract soon, based on market activity and demand signals.
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Multi Family · Built 1945
This duplex property in Merced is a turnkey investment opportunity, conveniently located in the heart of Merced. Both units have recently undergone renovations, ensuring their modern appeal. One unit is currently vacant, while the other is already occupied, highlighting the high demand for rental properties in this college town. The current capitalization rate (CAP) stands at 6.15%, but with a projected rental median analysis of $1300 per unit, the potential pro forma CAP rate reaches an enticing 8.56%. Moreover, this property presents the possibility of converting the garages into additional units, with the city confirming the option to add an ADU on the spacious lot. Covered parking, as well as two garages, provide ample space for vehicles. Separate gas and electric meters for each unit, ensuring convenient utilities management. Whether you're an experienced investor seeking an excellent opportunity or an individual interested in living in one unit while renting out the other, this property offers an amazing return on investment.
Standout features identified
Our analysis highlights covered parking and separate gas as key attractions of this home.
Based on current rates
Est. 6.18% rate · 30yr fixed · $244,000 loan
Full calculator →Key facts and listing details
6 categories of property features
Market data and value estimates
3 schools rated nearby
Merced, CA, 95340
20 events
25 years of records
Local context around this listing
Merced, CA • Merced County
Nearby cities
Nearby zip codes
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