Five-Unit Residential Income
981 Barney Merced, CA 95340
981 Barney, Merced, CA, 95340
$525,000
For Sale
$525,000
Five units, each with one bedroom and one bathroom.
Property Size3,000 SF
Lot Size0.60 Acres
Price / SF$175
Days on Market128
Property Features for 981 Barney
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.60 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1950
Listing Agency
Huff Real Estate
(209) 261-0592
Listed by
Peter Huff · License #01454712
(209) 261-0592
Source
Elliman
Added: Mar 11 Checked: Jul 15 at 9:09 pm
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 Huff Real Estate
Investment Insights
Based on property information with market context.
This residential income property features five units, each containing one bedroom and one bathroom. Each unit is approximately 600 square feet and currently rents for $1,000 per month. Each unit is equipped with window AC and pump heaters. Individual electric and gas meters serve each unit. The owner is responsible for water, sewer, and garbage expenses. The property offers a potential monthly income of $5,000.
Key Highlights
- Potential monthly income of $5,000.
- 5 units, each with 1 bedroom and 1 bathroom.
- Each unit is individually metered for electric and gas.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.8k | $23.28 |
| − Vacancy | −$3.5k | −$1.16 |
| EGI | $66.3k | $22.12 |
| − OpEx | −$29.9k | −$9.95 |
| NOI | $36.5k | $12.16 |
3,000 SF · lease $23.28/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$521.3K
$456.1K – $608.2K
NOI $36,491 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$661.9K
$579.2K – $772.2K
NOI $46,332 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five units, each with one bedroom and one bathroom.
Where is this apartment building located?
The property is located at 981 Barney Merced, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Potential monthly income of $5,000.; 5 units, each with 1 bedroom and 1 bathroom.; Each unit is individually metered for electric and gas.
