3224 Nashville Court, Merced, California 95348, Merced, 95348 - 0 bed, 0 bath
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3224 Nashville Court
Merced, California 95348
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,287Sq Ft
6,898Lot Size
Property Price
LIST PRICE$485,000
EST. MARKET VALUE
$505,052
3% BelowMARKET VALUE
SUMMARY
This Residential Income Duplex represents a Prime Investment Opportunity, listed at a List Price of $485,000—positioned well below the $503,507 Fair Market Value by 3%. This valuation gap provides $18,507 in Instant Equity. With a Condition Rating of 4, the property offers stable, turnkey cash flow from existing leases and private 2-car garages. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating property in a prime Merced location.
Estimated Market Value
$505,052+$20,052 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Merced.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3224 Nashville Court Subject | $485,000* List Price | 0 | 0 | 2,287 | $221 | - |
A 3347 San Ramon Court Active | $479,950 List Price | 0 | 0 | 2,000 | $240 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1980 (44 years old), the property exceeds the 20-year threshold for dated status. While it features some cosmetic updates like tile and laminate flooring, the presence of popcorn ceilings, original-style cabinetry, and 40+ year old structural age suggests the systems and kitchens are dated and will eventually require minor repairs or modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
Both units are currently leased, providing a turnkey opportunity for investors to secure immediate cash flow from day one of ownership.
- Superior Parking & Storage
Each unit features its own private 2-car garage, a rare and highly desirable amenity for a duplex that enhances tenant retention and property value.
- Low-Maintenance Interior & Exterior
The use of tile and laminate flooring throughout, combined with a low-maintenance front yard, minimizes long-term upkeep costs and turnover expenses.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1980, the property may require upcoming capital improvements for major systems like roofing or HVAC as they approach the end of their typical lifespans.
- Limited Immediate Equity Growth
With a recent sale price of $450,000 in May 2024, the current list price of $485,000 suggests a tight margin for short-term appreciation.
About 3224 Nashville Court
Welcome to this exceptional duplex in the heart of Conestoga Park, centrally located in Merced. With a total of 5 bedrooms and 4 bathrooms, this property is ideal for investors with both units currently being leased. The spacious 2,287 sq ft layout is divided into two units, each offering privacy and comfort. The first unit features 3 bedrooms and 2 bathrooms, with mostly tile flooring and some laminate for a modern touch. The second unit has 2 bedrooms and 2 bathrooms, showcasing tile floors throughout. Both units boast open kitchens that flow into the living rooms, complete with electric ranges and dishwashers for convenience. The primary bedrooms in each unit include en-suite bathrooms, providing a private retreat. Situated on a generous 6,898 sq ft lot, the property features an easy, low-maintenance front yard. Each unit is equipped with a 2-car garage, perfect for parking or extra storage needs. Step outside to enjoy the private backyards, perfect for entertaining and relaxation. Located near parks, shopping, and dining don't miss the opportunity to own a versatile property in a prime location.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1980
- Lot Size
- 6,898 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,287 | 1,300 |
| Lot Size | 6,898 | 5,100 |
| Price | $485.0K | $475.8K |
| Price per sq ft | $212 | $206 |
| Built year | 1980 | 1939 |
| HOA | $0 | $0 |
| Days on market | 48 | 44 |
Pricing History
Listed for Sale
Jul 23, 2026
$485,000
Initial Listing
Sold
May 17, 2024
$450,000
Public Record
Sold
Jan 26, 2018
$215,000
Public Record
Sold
Apr 22, 2009
$79,000
Public Record
Sold
Feb 21, 2003
$200,000
Public Record