
Merced, California 95341
Excellent Merced 4-Unit Investment Opportunity Don’t miss this well-maintained four-unit apartment complex in Merced, offering an excellent opportunity for investors looking to expand their rental portfolio or enter the multifamily market. The property features four comfortable 2-bedroom, 1-bath units, with each unit offering a practical layout and essential amenities including a gas stove, refrigerator, wall/window A/C, and additional storage. Conveniently located near Downtown Merced, the property provides easy access to shopping, dining, public transportation, and UC Merced, making the location attractive to a variety of renters, including students, professionals, and families. The property sits on approximately 7,504 square feet and includes four separate gas meters and four separate electric meters. With four 2-bedroom, 1-bath units and strong rental potential, this property offers a great opportunity to own a multifamily asset in an established Merced location.
Property is moderate renovation needed.
The property was built in 1977 (49 years old) and lacks mention of recent renovations, placing it in the >20y category. While described as well-maintained, the exterior image shows deferred maintenance (dilapidated fencing) and the use of dated wall/window A/C units rather than modern central HVAC. It remains functional but is significantly dated and requires minor repairs and modernization.
The property features four uniform 2-bedroom, 1-bathroom units, a highly marketable configuration that appeals to a broad tenant base including students, professionals, and small families.
Equipped with four separate gas and electric meters, this setup significantly reduces landlord overhead and simplifies utility management for the owner.
Proximity to Downtown Merced and UC Merced ensures consistent tenant demand and high occupancy potential within an established residential market.
The property was recently sold within the past year on 2025-09-05. The sold price is $527,500.00.
The reliance on wall and window A/C units rather than a modern central HVAC system may result in lower energy efficiency and reduced appeal for premium renters.
Constructed in 1977, the property may require more frequent capital expenditures for maintenance and system upgrades compared to newer multifamily assets.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,000 | 1,300 |
| Lot Size | 7,504 | 5,100 |
| Price | $599.9K | $475.8K |
| Price per sq ft | $200 | $206 |
| Built year | 1977 | 1939 |
| HOA | $0 | $0 |
| Days on market | 66 | 44 |
Sep 17, 2026
$599,900
$630,000
-5% Price Drop
Initial Listing
Aug 19, 2026
$630,000
Initial Listing
Sep 5, 2025
$527,500
Public Record
Oct 19, 2023
$410,000
Public Record