Duplex with Attached
For Sale
$475,000
1342 Frankfort CT, Merced, CA 95348
One residence has two bedrooms and two bathrooms; the other offers three bedrooms and two bathrooms.
Property Size2,287 SF
Price / SF$207.70
Days on Market18
Property Features for 1342 Frankfort CT
General Information
Standard status
Active
Size
2,287 SF
Total Parking Spaces
4
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Tenant in Place
Yes
Amenities
washer/dryer hookups
alarm system
private backyard with patio area
Building Details
Building Size
2,287 SF
Year Built
1982
Buildings
1
Listing Agency:
Realty Executives Of Northern California
Listed By:
Randy Hayer · License #01251542
(209) 385-8500
Source:
Ceresto.eq1re
Added: Oct 12
Changed: Oct 26
Last Checked: Oct 26 at 2:35PM
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 Realty Executives Of Northern California
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Investment Insights
Based on property information with market context.
This 2,287-square-foot duplex in Merced contains two residences: one with two bedrooms and two bathrooms, and another with three bedrooms and two bathrooms. One unit is occupied by long-term tenants. Each residence has an attached two-car garage with washer and dryer hookups, along with a private backyard and patio area.
The two-bedroom unit features an open layout connecting the kitchen and family room, tile flooring, and a fireplace. Its kitchen includes an electric stove, refrigerator, and dishwasher, with sliding doors opening to the backyard. The unit also has ceiling fans, walk-in closets, a private bathroom with a tiled walk-in shower, and a second bathroom with a tub and shower. Fresh interior and exterior paint are noted. The property was built in 1982 and is near UC Merced, Merced College, Merced Mall, shopping, and dining.
The two-bedroom unit features an open layout connecting the kitchen and family room, tile flooring, and a fireplace. Its kitchen includes an electric stove, refrigerator, and dishwasher, with sliding doors opening to the backyard. The unit also has ceiling fans, walk-in closets, a private bathroom with a tiled walk-in shower, and a second bathroom with a tub and shower. Fresh interior and exterior paint are noted. The property was built in 1982 and is near UC Merced, Merced College, Merced Mall, shopping, and dining.
Key Highlights
- Two‑unit duplex totaling 2,287 square feet
- One unit has 2 bedrooms and 2 bathrooms; the other has 3 bedrooms and 2 bathrooms
- One unit is occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,954
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$599,080
$599.1K
Cap Rate 7%
$427,914
$427.9K
Cap Rate 9%
$332,822
$332.8K
Market Conditions
NOI Build-Up for 2,287 SF
Gross rent
$45.3K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.8K $18.71/SF
− OpEx
−$12.8K −$5.61/SF
NOI
$30.0K $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%
$599,080
Cap Rate 7%
$427,914
Cap Rate 9%
$332,822
Alternative Uses
Best Use
Multifamily LT 5
$427.9K
$374.4K – $499.2K
NOI $29,954 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$397.4K
$347.7K – $463.7K
NOI $27,819 @ 7.0% cap · market cap 5.86%
Theoretical Best
Healthcare Medical
$504.6K
$441.5K – $588.7K
NOI $35,320 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
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Business Placement
Demographics for 95348, CA
35,066
Population
12,173
Households
2.9
Avg Household Size
30
Median Age
19%
College-Educated
80%
High-School Grad
59.0 sq mi
ZIP Area
594
Density / Sq Mi
$63,618
Median Household Income
$40,171
Median Earnings
$1,498
Median Rent
$352,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - One residence has two bedrooms and two bathrooms; the other offers three bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 1342 Frankfort CT Merced, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,287 square feet; One unit has 2 bedrooms and 2 bathrooms; the other has 3 bedrooms and 2 bathrooms; One unit is occupied by long‑term tenants
