147 W Alexander, Merced, California 95348, Merced, 95348 - bed, bath
147 W Alexander
Merced, California 95348
Property Price
SUMMARY
Analysis of 147 W Alexander, Merced, California 95348 is currently available with a list price of $699,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Merced Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1974, this four-plex is in functional condition but shows significant signs of age. The kitchens and bathrooms feature dated cabinetry, older laminate or tile countertops, and aging appliances. Interior finishes such as popcorn ceilings, worn carpeting, and older vinyl flooring suggest that while the property has been maintained through regular upkeep, it has not undergone a comprehensive modern renovation in the last 15-20 years. It is move-in ready for tenants but requires cosmetic updates to meet contemporary quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Unit Mix
The property offers a strategic combination of single-story and two-story layouts, appealing to a diverse tenant demographic from seniors to small families.
- Prime North Merced Location
Situated in a highly desirable neighborhood near shopping, essential services, and commuter routes, ensuring strong rental demand and long-term appreciation.
- Enhanced Tenant Amenities
Each unit features private outdoor spaces and fireplaces in the single-story units, providing premium lifestyle elements that justify higher rent and improve retention.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1974, the property may require significant capital expenditure for modernizing major systems like plumbing, electrical, or roofing in the near future.
- Parking Constraints
With only one covered carport space per unit, the property may struggle to accommodate multi-car households, potentially leading to parking congestion.
About 147 W Alexander
Well-located four-plex in desirable North Merced, offered at $699,000.00 This income producing property features a versatile unit mix designed to appeal to a wide range of Tenants. Two of the units are single story, each offering 2 bedrooms, 1 bathroom, a comfortable family room with fireplace, kitchen with eating area, and a private back patio or courtyard. Each unit also includes on covered carport space. The two middle units are two-story and feature 2 bedrooms, 1.5 bathrooms, a family room kitchen with eating area, and a private courtyard or patio, providing a spacious and functional layout. Conveniently located in North Merced, close to shopping, services and commuter routes, this property presents a strong opportunity for both seasoned or first time investors.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1974
- Lot Size
- 9,914 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,938 | 3,400 | 67% |
| Lot Size | 9,914 | 9,914 | 50% |
| Price | $699.0K | $580.0K | 67% |
| Price per sq ft | $178 | $171 | 67% |
| Built year | 1974 | 1974 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 44 | 33% |
Pricing History
Listed for Sale
Feb 18, 2026
$699,000
Initial Listing