Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Occupied Fourplex in Merced Title is generated by Realmo AI

    1567-- 1573 Ellen Court, Merced, CA 95341

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Fourplex with steady rental demand in a convenient location.

    Type:Multifamily
    Property size:
    3,360 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $193/SF
    Added:
    May 7, 2026
    Days on Market:
    22
    Last Refresh:
    May 20 at 4:56 am

    Property Features for 1567-- 1573 Ellen Court

    General Information

    Standard status
    Active
    Size
    3,360 SF
    Lot size
    0.19 Acres
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Ranjeet Singh

    Listing agent Ranjeet Singh License #01351073

    Listing office Keller Williams Property Team

    Listing date May 7, 2026

    Source Crexi

    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

    HighLights

    • Fully occupied fourplex in a rental‑driven neighborhood.
    • Ideal long‑term hold income property with steady rental demand.
    • All units are two‑bedroom, one‑bath layouts.
    • Additional room can be converted into a shared laundry area to create extra income potential.
    • Downstairs units enjoy private backyard space, and every unit includes an additional storage room.
    • Conveniently located near schools, parks, shopping, and freeway access.

    Overview

    This fully occupied fourplex is located in a rental-driven neighborhood. Constructed in 1980, the property features a total of 8 bedrooms and 4 bathrooms within 3,360 square feet of living space, situated on an 8,077 square foot lot. Each of the four units has a two-bedroom, one-bath layout. Central heat and air conditioning are installed throughout the building. An additional room presents the opportunity to be converted into a shared laundry area, potentially generating extra income. The downstairs units include private backyard spaces, and each unit is equipped with an additional storage room. The property is conveniently located near schools and parks, with shopping, freeway access, and everyday amenities within a short distance. This property is suited as a long-term hold income property with steady rental demand.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $489.0K
    NOI $44,008 @ 9.00% cap · cautious / downside scenario
    Moderate
    $628.7K
    NOI $44,008 @ 7.00% cap · market / base-case scenario
    Aggressive
    $880.2K
    NOI $44,008 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $66.5k $19.80
    − Vacancy −$3.7k −$1.09
    EGI $62.9k $18.71
    − OpEx −$18.9k −$5.61
    NOI $44.0k $13.10
    3,360 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $628.7K
    $550.1K – $733.5K (±1% cap)
    NOI $44,008 @ 7.0% cap · market cap 6.77%
    Second Best
    Apartment 5plus
    $583.9K
    $510.9K – $681.2K (±1% cap)
    NOI $40,870 @ 7.0% cap · market cap 6.29%
    Theoretical Best
    Healthcare Medical
    $741.3K
    $648.7K – $864.9K (±1% cap)
    NOI $51,892 @ 7.0% cap · market cap 7.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.453692
    Latitude
    37.29078

    Nearby Similar for Sale

    • $975,000
      4,550 SF

      Merced Professional Office Building

      Professional office building with flexible suites and income potential.
      3183 Collins, Merced, CA 95348
      View Details
    • $3,500,000
      8,500 SF

      Downtown Merced Commercial Portfolio

      Five contiguous parcels totaling 1.03 acres in downtown Merced.
      1616 Martin Luther King Jr, Merced, CA 95340
      View Details
    • $877,500

      Professional Office Space For Sale

      Well-appointed medical or professional office with high visibility.
      3351 M, Merced, CA 95348
      View Details
    • $2,400,000
      6,665 SF

      New 10-Unit Apartment Complex

      New 10-unit apartment complex in Merced, CA.
      40 W 13th Street, Merced, CA 95341
      View Details
    • $570,000
      3,909 SF

      Merced Fourplex: Income and Opportunity

      Centrally located fourplex with upgrades and strong rental potential.
      3321 Santa Rosa Ct, Merced, CA 95348
      View Details
    • $877,500
      3,510 SF

      Professional Office Condo For Sale

      Well-designed office condo on a high-traffic arterial street.
      3351 M, Merced, CA 95348
      View Details
    • $2,166,485
      4,998 SF

      Established Merced Veterinary Clinic For Sale

      Veterinary clinic in Merced, CA with corporate guaranty.
      58 W 16th St, Merced, CA 95340
      View Details
    • $450,000
      2,800 SF

      Downtown Merced Investment Opportunity

      2,800 SF commercial building in downtown Merced for sale.
      1626 Martin Luther King Jr Way, Merced, CA 95340
      View Details
    • $775,000
      4,000 SF

      Turnkey Commercial Building in Downtown

      4,000 Sq. Ft. building suitable for a variety of uses.
      1017 W 18th St, Merced, CA, 95340-4504
      View Details
    • $15,800,000
      249,511 SF

      Grocery Warehouse Distribution Facility

      249,511 SF warehouse on 61.76 acres for sale.
      2674 Vassar Ave, Merced, CA 95341
      View Details
    • $350,000

      South Merced Commercial General Property

      Commercial property in South Merced, close to CA Hwy 59.
      332 W 8th, Merced, CA 95341
      View Details
    • $3,399,000
      16,000 SF

      Industrial

      107 Heron, Merced, CA 95341
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fourplex with steady rental demand in a convenient location.
    Where is this quadplex located?
    The property is located at 1567-- 1573 Ellen Court Merced, CA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Fully occupied fourplex in a rental‑driven neighborhood.; Ideal long‑term hold income property with steady rental demand.; All units are two‑bedroom, one‑bath layouts.
    (209) 500-4663 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ranjeet Singh
    Real Estate License ID: 01351073
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1567-- 1573 Ellen Court, Merced, CA 95341
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!