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Corner Lot Mixed-Use Property

1201 5th, Atwater, CA 95301

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For Sale

$425,000

Mixed-use property in downtown Atwater with five units.

Type:Commercial

Property size:

2,701 SF

Lot size:

0.12 Acres

Price / SF:

$157/SF

HighLights

Commercial corner‑lot property in the growing downtown Atwater area.
Two buildings with a total of five units.
Commercial building offers three separate suites.
Duplex includes a 2 bed/1 bath and 1 bed/1 bath, each with private laundry rooms.
All units have separate electric and gas meters.
Newer roof on the duplex.

We can help!

Listing Contact

SARAH BELL

For Sale

$425,000

Mixed-use property in downtown Atwater with five units.

Type:Commercial

Property size:

2,701 SF

Lot size:

0.12 Acres

Price / SF:

$157/SF

Added:: Jan 30, 2026
Days on Market:: 130
Last Refresh:: Apr 5 at 9:17 pm

Property Features for 1201 5th

General Information

Standard status: Active
Size: 2,701 SF
Lot size: 0.12 Acres
Property subtype: Commercial

Building Details

Year Built: 1952

We can help!

Listing Contact

SARAH BELL

Listing agent SARAH BELL License #01984144

Listing office CALIFORNIA LAND & HOME BY KW

Listing date Jan 30, 2026

Source Corcoran

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 CALIFORNIA LAND & HOME BY KW

HighLights

Commercial corner‑lot property in the growing downtown Atwater area.
Two buildings with a total of five units.
Commercial building offers three separate suites.
Duplex includes a 2 bed/1 bath and 1 bed/1 bath, each with private laundry rooms.
All units have separate electric and gas meters.
Newer roof on the duplex.

Overview

This commercial corner-lot property is located in the growing downtown Atwater area. It features two buildings with a total of five units. One commercial building offers approximately 1,645 square feet and includes three separate suites. The second building is a duplex with approximately 1,056 square feet, featuring a 2-bed/1-bath unit and a 1-bed/1-bath unit. Each unit in the duplex has private laundry rooms and a newer roof. All units have separate electric and gas meters. This property presents an investment or owner-user opportunity in downtown Atwater.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$53.5k	$19.80
− Vacancy	−$2.9k	−$1.09
EGI	$50.5k	$18.71
− OpEx	−$15.2k	−$5.61
NOI	$35.4k	$13.10

2,701 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$505.4K

$442.2K – $589.6K (±1% cap)

NOI $35,377 @ 7.0% cap · market cap 8.32%

Second Best

Apartment 5plus

$469.3K

$410.7K – $547.6K (±1% cap)

NOI $32,854 @ 7.0% cap · market cap 7.73%

Theoretical Best

Healthcare Medical

$595.9K

$521.4K – $695.2K (±1% cap)

NOI $41,714 @ 7.0% cap · market cap 9.82%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

GDS Tax & Business ... Tax Preparation

Suggested Use

Location Insight

Map
Local Demand

City: Atwater
County: Merced
State: California
Longitude: -120.611
Latitude: 37.3487

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What type of property is this?

Mixed-use property - Mixed-use property in downtown Atwater with five units.

Where is this mixed-use property located?

The property is located at 1201 5th Atwater, CA.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Commercial corner‑lot property in the growing downtown Atwater area.; Two buildings with a total of five units.; Commercial building offers three separate suites.