264 E 10th Street, Merced, California 95341, Merced, 95341 - bed, bath
264 E 10th Street
Merced, California 95341
Property Price
SUMMARY
Analysis of 264 E 10th Street, Merced, California 95341 is currently available with a list price of $430,000. 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 1965, this duplex is well-maintained but shows signs of its age. While one unit has been recently updated with modern laminate flooring, new kitchen cabinetry, and stone countertops, the overall property is nearly 60 years old. The second unit is occupied by a long-term tenant and likely features older finishes, and the exterior systems and shared utilities reflect a property that has been maintained through regular upkeep rather than a full-scale modern renovation of the entire structure.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property sits on a substantial 9,937 sqft lot and includes an adjacent parcel, providing a rare opportunity to build additional units and significantly increase the investment's value.
- Income Flexibility
With one unit recently updated and vacant for immediate market-rate leasing and the other occupied by a long-term tenant, the property offers a perfect balance of immediate cash flow and stability.
- Utility Configuration
Individual gas and electric meters for each unit reduce landlord overhead and simplify property management by shifting utility responsibilities directly to the tenants.
CONSRISKS & DEFICIENCIES
- Shared Water Meter
The reliance on a shared water meter may lead to higher owner-paid utility expenses or complexities in accurately billing back tenants for usage.
- Property Age
Constructed in 1965, the property may require more frequent maintenance or future capital expenditures for aging infrastructure compared to newer multi-family builds.
About 264 E 10th Street
Great investment opportunity! Two-unit duplex, each unit 2 bed/1bath, located on a large 9,937 sqft lot. Each unit has a separate meter for gas and electrical, plus a shared water meter. One unit has been updated and is available to rent at own scheduled returned. Other unit has a long-term tenant. Both units have been well-maintained. Additional features included parking available in the alley and a fully fenced property. Large adjacent lot included with potential to build additional units.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1965
- Lot Size
- 9,985 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 | 1,342 | 2,626 | 25% |
| Lot Size | 9,985 | 8,742.5 | 50% |
| Price | $430.0K | $490.5K | 25% |
| Price per sq ft | $320 | $211 | 75% |
| Built year | 1965 | 1973 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 193 | 200 | 50% |
Pricing History
Listed for Sale
Aug 26, 2025
$430,000
Initial Listing
Sold
Aug 11, 2017
$32,500
Public Record
Sold
Aug 11, 2017
$14,000
Public Record