3360 R, Merced, California 95348, Merced, 95348 - 0 bed, 0 bath
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Merced, California 95348
This Rare North Merced Quadruplex presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $624,971 Fair Market Value by 11%. This valuation gap offers $74,971 in Instant Equity for buyers. Each unit features an Optimal 2BR/2BA Configuration and a Fair Condition Rating, providing clear value-add potential through cosmetic updates to the bathrooms and exterior. Located directly across from Fahrens Park and near the UC Merced Shuttle, this asset ensures high rental demand. It is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3360 R Subject | $550,000* List Price | 0 | 0 | 3,834 | $163 | - |
A 3310 R Sold | $580,000 | 0 | 0 | 3,400 | $171 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this property is in fair condition, showing a mix of partial updates and visible wear. The kitchens have been updated with granite countertops and darker cabinetry, but the appliances are dated. Bathrooms show significant signs of age, specifically with worn and damaged vanities. While the bedrooms feature newer carpeting, the common area tiling is dated and shows some staining. The exterior and courtyard areas are functional but require cosmetic attention and landscaping, consistent with a property that has had occasional updates but no recent full renovation.
The four-plex features a highly desirable 2-bedroom, 2-bathroom layout for every unit, making it an ideal 'roommate-style' setup that maximizes rental demand among students and professionals.
Situated directly across from Fahrens Park and in close proximity to the UC Merced Shuttle, Target, and Merced Mall, the property offers a superior location that ensures a consistent and high-quality tenant pool.
This rare multi-family asset provides excellent flexibility for either a pure passive income play or a house-hacking opportunity for first-time buyers looking to offset their mortgage with rental income.
Built in 1982, the property may require upcoming capital expenditures for system maintenance or cosmetic modernizations to remain competitive with newer rental inventory.
The assigned middle and high schools have relatively low performance ratings (3 and 4 out of 10), which could be a deterrent for long-term family-oriented tenants.
Stop dreaming of passive income and start collecting it with this rare North Merced four-plex! Whether you’re a savvy investor or a first-time buyer looking to house hack your way to financial freedom, this property is the ultimate "choose your own adventure" asset. Each of the four units is a spacious 959 sq ft "roommate’s dream," featuring 2 bedrooms and 2 full bathrooms, plus its own dedicated parking stall and storage unit. The layout is anchored by a central courtyard, but the real magic is just outside your front door: you are directly across the street from Fahrens Park and its miles of scenic walking and bike paths. With Target, the Merced Mall, and the UC Merced Shuttle all within easy reach, your tenant pool is practically built-in. This is a prime upside opportunity in a high-demand location—don't let the next owner be the one bragging about the cash flow you missed out on!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 1.4 mi
Grades K-6 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,834 | 3,400 | 60% |
| Lot Size | 8,279 | 9,873 | 40% |
| Price | $550.0K | $550.0K | 50% |
| Price per sq ft | $143 | $171 | 40% |
| Built year | 1982 | 1974 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 71 | 20% |
Mar 19, 2026
$550,000
Initial Listing
Mar 18, 2026
$549,000
Initial Listing
Jul 21, 2021
$549,000
Public Record
Sep 18, 2018
$425,000
Public Record
Aug 5, 2015
$265,000
Public Record
Apr 28, 2005
$555,000
Public Record
Mar 25, 2002
$187,500
Public Record
Sep 3, 1999
$151,000
Public Record