Six-Unit Multifamily with Separate
For Sale
$890,000
3411 Baker, Merced, CA 95341
Six separate units sit on just under 2.5 acres, each with its own address and separately metered utilities.
Property Size5,000 SF
Lot Size2.50 Acres
Days on Market153
Property Features for 3411 Baker
General Information
Standard status
Active
Size
5,000 SF
Lot size
2.50 Acres
Property subtype
Investment
Additional Details
Multifamily Units
6
Building Details
Building Size
5,000 SF
Year Built
1942
Stories
1
Units
6
Listing Agency:
Keller Williams Property Team
Listed By:
Marcus Rodriguez · License #02005100
(209) 500-4663
Source:
Elliman
Added: May 8
Changed: Oct 4
Last Checked: Oct 5 at 5:34PM
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 Keller Williams Property Team
Investment Insights
Based on property information with market context.
This for-sale multifamily investment features six separate units on just under 2.5 acres. Each unit has its own address and is separately metered for utilities, creating independent utility responsibility across the property. Three units are currently occupied by long-term month-to-month tenants, while the remaining three units are vacant and ready for new occupancy and/or updates to align with future leasing goals.
The property also offers a stated potential to subdivide so each home can be individually owned and sold, expanding the range of strategies available to buyers who want flexibility beyond a traditional rental approach. Located in Merced, CA, this configuration may appeal to investors seeking an income component with additional versatility for future repositioning or resale planning.
The property also offers a stated potential to subdivide so each home can be individually owned and sold, expanding the range of strategies available to buyers who want flexibility beyond a traditional rental approach. Located in Merced, CA, this configuration may appeal to investors seeking an income component with additional versatility for future repositioning or resale planning.
Key Highlights
- 1942‑built multi‑family property with six separate units on just under 2.5 acres
- Each unit has its own address and separately metered utilities
- Three units are occupied by long‑term month‑to‑month tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,819
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,380
$1.2M
Cap Rate 7%
$868,843
$868.8K
Cap Rate 9%
$675,767
$675.8K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$116.4K $23.28/SF
− Vacancy
−$5.8K −$1.16/SF
EGI
$110.6K $22.12/SF
− OpEx
−$49.8K −$9.95/SF
NOI
$60.8K $12.16/SF
Area
Merced County, CA
Vacancy
5.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,380
Cap Rate 7%
$868,843
Cap Rate 9%
$675,767
Alternative Uses
Best Use
Apartment 5plus
$868.8K
$760.2K – $1.01M
NOI $60,819 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.10M
$965.3K – $1.29M
NOI $77,220 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 95341, CA
33,194
Population
9,331
Households
3.6
Avg Household Size
29
Median Age
8%
College-Educated
63%
High-School Grad
146.8 sq mi
ZIP Area
226
Density / Sq Mi
$55,516
Median Household Income
$32,184
Median Earnings
$1,172
Median Rent
$295,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six separate units sit on just under 2.5 acres, each with its own address and separately metered utilities.
Where is this apartment building located?
The property is located at 3411 Baker Merced, CA.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 1942‑built multi‑family property with six separate units on just under 2.5 acres; Each unit has its own address and separately metered utilities; Three units are occupied by long‑term month‑to‑month tenants
