Fully Occupied
For Sale
$630,000
Pending
1573 Ellen Ct 1567--, Merced, CA 95341
Eight-bedroom multifamily property with uniform two-bedroom, one-bath units and central heating and air conditioning.
Property Size3,360 SF
Lot Size0.19 Acres
Days on Market174
Property Features for 1573 Ellen Ct 1567--
General Information
Standard status
Pending
Size
3,360 SF
Lot size
0.19 Acres
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Listing Agency:
Keller Williams Property Team
Listed By:
Ranjeet Singh ranjeet@kw.com
Source:
Findhomesinsandiegoarea
Added: May 7
Changed: Oct 25
Last Checked: Oct 26 at 4:34PM
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
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Investment Insights
Based on property information with market context.
This fourplex contains four matching units, each configured with two bedrooms and one bathroom, for a total of 8 bedrooms and 4 bathrooms. The property provides 3,360 square feet of living space on an 8,077-square-foot lot and was built in 1980. Central heat and air serve all units. Each residence includes an additional storage room, while both downstairs units have private backyard areas. An extra room offers the possibility of creating shared laundry space.
The property is fully occupied and located near schools and parks, with shopping, freeway access, and everyday amenities within minutes. Its consistent unit layout and existing occupancy provide a straightforward multifamily configuration.
The property is fully occupied and located near schools and parks, with shopping, freeway access, and everyday amenities within minutes. Its consistent unit layout and existing occupancy provide a straightforward multifamily configuration.
Key Highlights
- Fully occupied fourplex with 8 bedrooms and 4 bathrooms
- Four units, each offering a two‑bedroom, one‑bath layout
- 3,360 square feet of living space on an 8,077‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,008
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,160
$880.2K
Cap Rate 7%
$628,686
$628.7K
Cap Rate 9%
$488,978
$489.0K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$66.5K $19.80/SF
− Vacancy
−$3.7K −$1.09/SF
EGI
$62.9K $18.71/SF
− OpEx
−$18.9K −$5.61/SF
NOI
$44.0K $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%
$880,160
Cap Rate 7%
$628,686
Cap Rate 9%
$488,978
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
355
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Eight-bedroom multifamily property with uniform two-bedroom, one-bath units and central heating and air conditioning.
Where is this quadplex located?
The property is located at 1573 Ellen Ct 1567-- 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 with 8 bedrooms and 4 bathrooms; Four units, each offering a two‑bedroom, one‑bath layout; 3,360 square feet of living space on an 8,077‑square‑foot lot
