324 W 22nd, Merced, California 95340, Merced, 95340 - 4 bed, 4 bath
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324 W 22nd
Merced, California 95340
ACTIVE
CONDITION: FAIR
4Beds
4Baths
1,850Sq Ft
7,500Lot Size
Property Price
LIST PRICE$475,000
SUMMARY
TRIPLEX OPPORTUNITY! Whether you're looking for an investment or offset your mortgage with rental income, this triplex offers flexibility. The downstairs unit is a generous 2 bed 2 bath home, making it an ideal owner's unit or rental. The upstairs has 2 separate studios. Live in the larger downstairs unit while renting the 2 upstairs apartments or rent all 3 to maximize cash flow. Each unit has its own dedicated parking space.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1935, the property is functional but significantly dated. While there are some cosmetic updates like laminate flooring, the kitchen features plywood cabinetry and appliances that appear over 30 years old. The bathrooms and systems are basic and likely require modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Versatility
The triplex configuration offers flexible options for either a full investment portfolio or an owner-occupant looking to offset their mortgage through house hacking.
- Dedicated Parking
Each of the three units includes its own dedicated parking space, a premium feature for multi-family residential properties that enhances tenant appeal and convenience.
- Spacious Primary Unit
The downstairs 2-bedroom, 2-bathroom unit provides a generous living space rarely found in older multi-family conversions, making it highly attractive for long-term tenants.
CONSRISKS & DEFICIENCIES
- Historical Maintenance Needs
Built in 1935, the property may require significant capital expenditure for updates to aging infrastructure, such as plumbing, electrical, or roofing systems.
- Studio Turnover Risk
With two of the three units being studios, the property may experience higher tenant turnover and more frequent vacancy periods compared to larger multi-bedroom units.
About 324 W 22nd
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1935
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
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 | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 1,850 | 1,300 |
| Lot Size | 7,500 | 5,100 |
| Price | $475.0K | $475.8K |
| Price per sq ft | $257 | $206 |
| Built year | 1935 | 1939 |
| HOA | $0 | $0 |
| Days on market | 82 | 44 |
Pricing History
Listed for Sale
Aug 3, 2026
$475,000
Initial Listing
Sold
Jan 10, 2017
$106,000
Public Record
Sold
Oct 5, 2016
$105,000
Public Record
Sold
Apr 7, 2005
$300,000
Public Record
Sold
Dec 31, 2003
$205,000
Public Record
Sold
Oct 16, 2003
$123,000
Public Record
Sold
Oct 29, 2002
$55,500
Public Record
Sold
Apr 9, 2001
$63,000
Public Record