4-Unit Multifamily
1146 Kelso St, Atwater, CA 95301
For Sale
$450,000
Updated interiors and newer roofing distinguish this Atwater property, offered within a larger residential portfolio.
Property Size2,772 SF
Price / SF$162.34
Days on Market11
Property Features for 1146 Kelso St
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Building Details
Year Built
Listing Agency:
Colliers Parrish Intenational Inc.
Listed By:
Andrew T. Hodgson
4755100
Source:
Sacramentoareahouses
Added: Oct 31
Changed: Nov 10
Last Checked: Nov 10 at 2:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers Parrish Intenational Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,772-square-foot, four-unit residential property was built in 1979. Improvements include newer roofs and remodeled interiors. The property is being offered as one component of a 17-unit portfolio in Atwater.
Highway 99, Merced, and Castle Commerce Center are identified as nearby destinations.
Highway 99, Merced, and Castle Commerce Center are identified as nearby destinations.
Key Highlights
- Four units totaling 2,772 square feet
- Offered as part of a 17‑unit portfolio
- Newer roofs and remodeled interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,307
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,140
$726.1K
Cap Rate 7%
$518,671
$518.7K
Cap Rate 9%
$403,411
$403.4K
Market Conditions
NOI Build-Up for 2,772 SF
Gross rent
$54.9K $19.80/SF
− Vacancy
−$3.0K −$1.09/SF
EGI
$51.9K $18.71/SF
− OpEx
−$15.6K −$5.61/SF
NOI
$36.3K $13.10/SF
Area
Merced County, CA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$726,140
Cap Rate 7%
$518,671
Cap Rate 9%
$403,411
Alternative Uses
Best Use
Multifamily LT 5
$518.7K
$453.8K – $605.1K
NOI $36,307 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$481.7K
$421.5K – $562.0K
NOI $33,718 @ 7.0% cap · market cap 7.49%
Theoretical Best
Healthcare Medical
$611.6K
$535.1K – $713.5K
NOI $42,811 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
17
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 95301, CA
40,886
Population
13,250
Households
3.1
Avg Household Size
35
Median Age
16%
College-Educated
74%
High-School Grad
76.1 sq mi
ZIP Area
537
Density / Sq Mi
$66,669
Median Household Income
$40,101
Median Earnings
$1,215
Median Rent
$367,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated interiors and newer roofing distinguish this Atwater property, offered within a larger residential portfolio.
Where is this quadplex located?
The property is located at 1146 Kelso St Atwater, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four units totaling 2,772 square feet; Offered as part of a 17‑unit portfolio; Newer roofs and remodeled interiors
