981 Barney, Merced, California 95340, Merced, 95340 - bed, bath
981 Barney
Merced, California 95340
Property Price
SUMMARY
Analysis of 981 Barney, Merced, California 95340 is currently available with a list price of $550,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Merced Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1950, this multi-unit property is functional but shows significant signs of age. The interiors feature dated cabinetry, basic vinyl flooring, and older appliances. The reliance on window AC units and pump heaters reflects outdated mechanical systems. While the property is maintained for rental purposes, it lacks modern renovations and requires updates to meet current aesthetic and efficiency standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Cash Flow Potential
With five units generating a combined potential monthly income of $5,000, this property offers a robust gross rental yield for investors in the Merced market.
- Individual Utility Metering
Each unit is equipped with its own electric and gas meter, allowing for direct tenant billing and significantly reducing the owner's operational overhead.
- Expansive Lot Size
The property sits on a generous 26,147 sq ft lot, providing ample space for parking and potential future development or the addition of ADUs.
CONSRISKS & DEFICIENCIES
- Dated Climate Control
The reliance on window AC units and pump heaters rather than central HVAC systems may result in lower energy efficiency and less appeal for long-term tenants.
- Owner-Paid Utility Costs
The owner remains responsible for water, sewer, and garbage expenses, which can be significant and subject to rate increases, impacting the net operating income.
About 981 Barney
5 units each 1 bedroom 1 bath and each rent for $1000 a month. Units are low maintence, window AC with heat pumps or wall heaters. each unit is estimated at 600 sq ft. Possible monthly income of $ 5,000 a month. Each unit has it's own electric and gas meter. Owner pays water, sewer garbage.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1950
- Lot Size
- 26,147 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2 | 2,801 | 50% |
| Lot Size | 26,147 | 21,173.5 | 50% |
| Price | $550.0K | $950.0K | 50% |
| Price per sq ft | $275.0K | $137.6K | 50% |
| Built year | 1950 | 1958 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 113 | 161 | 50% |
Pricing History
Listed for Sale
Mar 5, 2026
$550,000
$650,000
-15% Price Drop
Initial Listing
Price Change
Nov 14, 2025
$650,000
Initial Listing