
Merced, California 95341
This Dual-Unit Residential Asset represents a High-Potential Investment Opportunity, listed at a List Price of $425,000—positioned well above the $385,783 Fair Market Value by -10%. While the property requires a premium, it offers significant utility through its Dual-Unit Configuration and Infrastructure Upgrades, including new electrical panels and sewer lines. With a Fair Condition Rating, the property provides a stable foundation for value-add cosmetic updates. This versatile site is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1253 W 11th Street Subject 3 bd · 1 ba · 1,567 sqft · $246 | $425,000* List Price | 3 | 1 | 1,567 | $246 | - |
A 1937 Jurgensen Sold 3 bd · 2 ba · 1,400 sqft · $257 · 0.8 mi | $360,000 | 3 | 2 | 1,400 | $257 | 0.8 mi |
B 1843 W 8th Sold 3 bd · 2 ba · 1,144 sqft · $298 · 0.6 mi | $341,000 | 3 | 2 | 1,144 | $298 | 0.6 mi |
C 1772 Heritage Sold 3 bd · 2 ba · 1,029 sqft · $301 · 0.5 mi | $310,000 | 3 | 2 | 1,029 | $301 | 0.5 mi |
D 604 Seville Way Sold 3 bd · 2 ba · 1,024 sqft · $342 · 0.9 mi | $350,000 | 3 | 2 | 1,024 | $342 | 0.9 mi |
E 1921 Fultz Court Pending 3 bd · 2 ba · 1,623 sqft · $227 · 0.7 mi | $368,000 List Price | 3 | 2 | 1,623 | $227 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, the property features significant system updates including new electric panels and a sewer line. However, the interior remains dated; the kitchen retains older wood cabinetry and tile countertops, and while the bathroom has been partially updated, it shows signs of age. The flooring is a mix of newer laminate and older carpet with visible wear, placing it in the fair category as it is functional but needs cosmetic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1567.
The property features two separate homes on a single lot with individual addresses, providing an excellent opportunity for rental income or multi-generational living.
Significant recent improvements include new electrical panel boxes for both units, a new sewer line, and updated sprinkler systems, minimizing near-term capital expenditures.
The main residence features four bedrooms but only one bathroom, which may be a significant drawback for larger households or high-occupancy rental scenarios.
The square footage for the second home is officially unknown, which may present challenges during the appraisal process or when determining exact market value.
Are you looking for two homes on one lot ? Welcome to 1253 and 1255 W 11th Street it is not often you find two homes on one lot with separate addresses. The larger home measures 1569 sq feet and is a 4-bedroom 1 bath home. The second home located in the back ,the sq footage is unknown is a 1 bed 1 bath, kitchen and family room. It's just plain cute. The home has been updated as well as new electric panel boxes for each home. A new sewer line has been installed. new sprinklers in front and back. Has a very large storage/work shed that can be used for all sorts of things. Come check this one out; you won't be disappointed. It has not yet been determined If this sale will be a 1031 exchange at this time so the buyer may participate in a 1031 exchange at no cost to the buyer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,567 | 1,698.064 |
| Lot Size | 7,500 | 6,572.897 |
| Price | $425.0K | $415.4K |
| Price per sq ft | $271 | $253 |
| Built year | 1957 | 2002 |
| HOA | $0 | $108 |
| Days on market | 22 | 68 |
Oct 2, 2026
$425,000
Initial Listing