2405 N Street, Merced, California 95340, Merced, 95340 - 0 bed, 0 bath
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Merced, California 95340
Analysis of 2405 N Street, Merced, California 95340 is currently available with a list price of $649,900. 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.
Property is moderate renovation needed.
Built in 1952, the property is well-maintained with recent roof updates (2021-2026), but remains dated. Most units rely on older wall furnaces and evaporative coolers rather than central HVAC, and the age suggests original or older kitchen/bath configurations needing modernization.
The property offers a rare investment setup featuring five total units (three single-family homes and one duplex) on a single 0.45-acre lot, providing diversified income streams and high land-use efficiency.
With current rents at $5,700 and three units noted as being significantly under market rate, there is a clear opportunity for immediate value-add and increased net operating income through lease optimization.
The property features updated roofing across all units (including a new roof to be installed prior to close) and includes individual garages and laundry hookups for every unit, enhancing tenant retention and reducing immediate CapEx.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1950, other record lot size in square feet = 19500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4812, other record living area = 856.
Four of the five units rely on wall furnaces and evaporative coolers rather than modern central HVAC, which may limit the property's appeal to premium tenants and affect summer comfort.
Originally built in 1952, the property may require more frequent maintenance of older plumbing and electrical systems compared to modern multi-family developments.
Great opportunity for investors! 3 single family homes and a duplex on a .45 acre lot. Single family homes are two 2 bed/1 bath homes, and one 3 bed/2 bath home. Each duplex unit is 2 bed/1 bath. One single family home has a 5-year-old roof, the duplex and one of the homes had roofs placed in 2026. The remaining home will have a new roof installed prior to close of escrow. All units have a one car garage. The units are well maintained with a good rental history. Current rents are $5,700 but 3 units are significantly under market rate. Every unit has individual laundry hookups. The 3bed/2bath home has central heat and air, all other units have wall furnaces and evaporative coolers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,812 | - |
| Lot Size | 1,950 | - |
| Price | $649.9K | $685.0K |
| Price per sq ft | $135 | $171 |
| Built year | 1952 | 0 |
| HOA | $0 | $0 |
| Days on market | 2 | 167 |
Jul 20, 2026
$649,900
Initial Listing