Fully Occupied Fourplex in
1567-- 1573 Ellen Court Merced, CA 95341
1567-- 1573 Ellen Court, Merced, CA, 95341
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For Sale
Contact for pricing
Fourplex with steady rental demand in a convenient location.
Property Size3,360 SF
Lot Size0.19 Acres
Price / SF$187.50
Days on Market71
Property Features for 1567-- 1573 Ellen Court
General Information
- Standard status
- Active
- Size
- 3,360 SF
- Lot size
- 0.19 Acres
- Property subtype
- Multifamily
Listing Agency
Keller Williams Property Team
(209) 500-4663
Listed by
Ranjeet Singh · License #01351073
Source
Crexi
Added: May 7 Checked: Jul 16 at 4:36 am
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 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.
Key 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.
Local Financial Insights For Multifamily LT 5
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 | $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 Uses
Best Use
Multifamily LT 5
$628.7K
$550.1K – $733.5K
NOI $44,008 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$583.9K
$510.9K – $681.2K
NOI $40,870 @ 7.0% cap · market cap 6.49%
Theoretical Best
Healthcare Medical
$741.3K
$648.7K – $864.9K
NOI $51,892 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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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 $630,000.
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.
