
Merced, California 95341
This Multi-Unit Residential Asset offers a versatile income opportunity, listed at $439,000—aligning with its $431,991 Fair Market Value. The property features two separate dwellings on a Corner Lot with independent gas and electric meters, currently in Fair Condition with significant structural updates including newer roofs and dual-pane windows. With a 3-bedroom main house and a 2-bedroom second unit, the layout supports immediate cash flow or a "house-hack" strategy. This well-maintained 1941 property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through rental income.
Property is moderate renovation needed.
Built in 1941, this property is well-maintained and functional but remains largely outdated. The kitchen and bathrooms feature vintage tiling (green and pink) and older fixtures that, while clean, do not meet modern aesthetic standards. Although the property benefits from newer roofs and dual-pane windows, the interior systems like wall heaters and the overall styling reflect its age, placing it firmly in the fair category as it requires cosmetic modernization.
The property features two separate homes with individual gas and electric meters, providing a turnkey opportunity for high rental yield or a house-hacking strategy to offset mortgage costs.
Both residences have been well-maintained with newer roofs and dual-pane windows, enhancing energy efficiency and reducing immediate capital expenditure for the new owner.
Situated on a desirable corner lot, the property offers superior parking options and private yard spaces for both units, increasing privacy and appeal for multiple occupants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 1172.
Built in 1941, the property may require ongoing maintenance or future upgrades to aging plumbing and electrical systems typical of homes from this era.
Both the three-bedroom and two-bedroom units feature only one bathroom each, which may limit appeal for larger families or modern tenants seeking more convenience.
2 HOMES ON ONE LOT – INCOME PRODUCING OPPORTUNITY IN MERCED! Live in one, rent the other, or rent both and maximize your cash flow with this rare chance to own a versatile multi-unit property featuring two separate homes, each with its own gas and electric meters, offering flexibility, convenience, and strong income potential. The main home offers 3 bedrooms, 1 bathroom, an inviting open-concept layout connecting the living room, dining, and kitchen areas, indoor laundry, and a covered patio, creating a functional space for everyday living and entertaining, and is currently tenant-occupied providing immediate rental income from day one. The second home features 2 bedrooms, 1 bathroom, an updated kitchen, indoor laundry, and a covered carport, making it ideal for additional rental income, or extended family. Both homes have been well maintained and include newer roofs, dual-pane windows, and private yard areas, enhancing long-term value, energy efficiency, and tenant appeal. Situated on a desirable corner lot, the property offers ample parking and accessibility, making it highly attractive for multiple occupants or future tenants. Conveniently located in an established Merced neighborhood with easy freeway access and close proximity to schools, shopping, dining, and everyday amenities, plus within driving distance to Yosemite National Park, adding even more appeal for long-term or potential short-term rental opportunities (buyer to verify). This property checks all the boxes for investors looking to expand their portfolio with a high-demand, multi-unit asset or for buyers looking to offset their mortgage through rental income. Opportunities like this don’t come often; add this to your investment portfolio or create your own house-hack strategy today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 2,000 | 1,509 | 89% |
| Lot Size | 7,071 | 5,135.5 | 79% |
| Price | $439.0K | $394.5K | 81% |
| Price per sq ft | $220 | $253 | 14% |
| Built year | 1941 | 2025 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 135 | 1% |
Apr 3, 2026
$439,000
Initial Listing