259 W 18th, Merced, California 95340, Merced, 95340 - 2 bed, 2 bath
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Merced, California 95340
This Centrally Located Value-Add Property is listed at $385,000, situated in the heart of Merced near the Merced Union High School District. With a Fair Market Value of $318,941, the pricing reflects the high demand for the 7,500 Sq. Ft. Lot and its proximity to downtown entertainment. The 1900-built home carries a Condition Rating of 4, requiring updates to meet modern standards. However, the significant lot utilization offers substantial ROI potential through ADU development or renovation. This asset is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking long-term urban growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 259 W 18th Subject | $385,000* List Price | 2 | 2 | 1,097 | $291 | - |
A 745 W 25th Sold | $335,000 | 2 | 2 | 1,064 | $315 | 0.7 mi |
B 77 E Main Street Sold | $325,000 | 2 | 1 | 1,142 | $285 | 0.4 mi |
C 330 W 22nd Street Sold | $270,000 | 2 | 1 | 1,023 | $264 | 0.3 mi |
D 1028 W 22nd Sold | $312,800 | 2 | 1 | 1,104 | $283 | 0.7 mi |
E 944 W 18th Sold | $342,500 | 3 | 2 | 1,176 | $291 | 0.6 mi |
F 1320 W 21st Sold | $276,000 | 2 | 1 | 1,037 | $266 | 1.0 mi |
G 200 E 27th Pending | $320,000 List Price | 2 | 1 | 1,124 | $285 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1900, shows visible signs of deferred maintenance, particularly with significant peeling paint and weathered wood siding on the exterior. While the listing describes a functional layout and comfortable living spaces, the lack of mentioned updates to the kitchen, bathrooms, or core systems (electrical/plumbing) in a 124-year-old home indicates it is aged and requires updates. It appears livable but shows signs of being outdated and needing cosmetic and potentially structural attention to meet modern standards.
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 = 1097.
The property is ideally situated within walking distance to downtown Merced’s dining, shopping, and entertainment, offering excellent urban convenience and high walkability.
Featuring a 7,500 square foot lot, this property provides significant outdoor space and potential for future expansions, landscaping, or ADU development.
Built in 1900, the home may require substantial updates to its structural, electrical, or plumbing systems to meet modern building standards and efficiency.
With only 1,097 square feet of living area, the interior may feel restrictive for larger families or those requiring dedicated home office and storage space.
Charming Home Near Downtown Merced Welcome to this inviting 3-bedroom, 1-bath home ideally located near downtown Merced. Enjoy the convenience of being just minutes from local restaurants, shopping, and everyday amenities. This home offers a functional layout with comfortable living spaces, making it a great opportunity for first-time buyers, investors, or anyone looking to be close to the heart of the city. With its prime location and potential, this property is perfect for those seeking both convenience and value in a growing area. Walking distance to dining and entertainment, great investment opportunity, centrally located with easy access to major roads
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 17% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,097 | 1,571 | 14% |
| Lot Size | 7,500 | 7,500 | 50% |
| Price | $385.0K | $381.0K | 50% |
| Price per sq ft | $351 | $246 | 96% |
| Built year | 1900 | 1964 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 161 | 5% |
Mar 17, 2026
$385,000
Initial Listing
Oct 2, 2024
$295,000
Public Record
Oct 28, 2022
$230,000
Public Record