
Atwater, California 95301
This Unique Multi-Unit Architectural Property is listed at $599,900, offering a rare "two homes on one lot" configuration within the Merced Union High School District. While the price exceeds the $478,850 Fair Market Value estimate, the property’s Multi-Unit Value and Frank Lloyd Wright-inspired design provide exceptional utility for income generation. Maintaining a Fair Condition Rating, the 1951-built home features oversized windows on a substantial 15,153-square-foot lot. Market trends show strong demand for high lot utilization, making this a versatile opportunity for Owner-Occupants seeking a house-hack or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1800 2nd Subject | $574,900* List Price | 3 | 2 | 1,802 | $279 | - |
A 2631 7th Street Sold | $422,000 | 4 | 2 | 1,508 | $280 | 0.6 mi |
B 2350 Angelus Court Active | $445,000 List Price | 3 | 2 | 1,609 | $277 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951, the property is over 70 years old. While the interior shows well-maintained original features like tongue-and-groove ceilings and hardwood floors, the overall aesthetic and systems appear dated. Without evidence of a major renovation within the last 15-30 years, it fits the 'Fair' criteria as a functional but dated home needing updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15153, living area = 1802.
The property features two separate homes on a single lot, offering a rare 'two for the price of one' opportunity ideal for rental income or multi-generational living.
Inspired by Frank Lloyd Wright, the home boasts unique design elements including tongue-and-groove ceilings, original wood floors, and oversized windows that provide exceptional natural light.
Built in 1951, the home may require significant updates to its core systems, such as plumbing and electrical, to meet modern building standards and efficiency.
With only 3 bedrooms and 2 bathrooms split between two dwellings, the individual living units may feel cramped or lack the functional space required for larger families.
2 FOR THE PRICE OF 1. VERY UNIQUE SET UP. THIS LOT HAS 2 HOMES AND STILL HAS WONDERFUL YARD SPACES. TONGUE AND GROOVE CEILINGS, WOOD FLOORS, LOTS OF SUNLIGHT THROUGH BEAUTIFUL OVERSIZED WINDOWS AND YOU WELL FEEL THE SENSE OF FRANK LLOYD WRIGHT DESIGN THRU OUT THIS HOME.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,802 | 1,927.5 |
| Lot Size | 15,153 | 7,361.5 |
| Price | $574.9K | $457.1K |
| Price per sq ft | $319 | $270 |
| Built year | 1951 | 1993 |
| HOA | $0 | $95 |
| Days on market | 83 | 61 |
Jun 18, 2026
$574,900
$599,900
-4% Price Drop
Initial Listing
Apr 30, 2026
$599,900
Initial Listing
Mar 6, 2025
$430,000
Public Record
Apr 26, 2019
$301,000
Public Record