Two-Story Triplex with
For Sale
$425,000
Pending
1657 Cypress Way, Merced, CA 95341
Multi Family, Merced, CA
Property Size2,546 SF
Lot Size0.06 Acres
Days on Market94
Property Features for 1657 Cypress Way
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2
Exterior features
Stucco
High school district
Merced Union
Directions
Ca 99 exit 186A for Childs Ave. Towards Motel Dr, follow to Cypress Way.
Subdivision
341
Standard status
Pending
APN
035062008000
Size
2,546 SF
Lot size
0.06 Acres
Additional Details
Tenant in Place
Yes
Amenities
garage
Building Details
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
London Properties, Ltd.
Listed By:
Elsa Gutierrez
(559) 436-4000
Added: Aug 5
Changed: Oct 27
Last Checked: Nov 6 at 5:06AM
MLS# 653237
Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story triplex contains 2,546 square feet and offers three separate apartment layouts. Two units each include 1 bedroom, 1 bath, a kitchen, and a living room. The third includes 1 bedroom plus a small additional bedroom, along with a kitchen, living room, and bath. One apartment has been recently remodeled, and the property includes a garage.
The property is located near Freeway 99 and area schools at 1657 Cypress Way in Merced. Exterior construction features stucco, while the roof is composition. Long-term tenants are in place, providing an established occupancy profile for review by prospective buyers.
The property is located near Freeway 99 and area schools at 1657 Cypress Way in Merced. Exterior construction features stucco, while the roof is composition. Long-term tenants are in place, providing an established occupancy profile for review by prospective buyers.
Key Highlights
- 2,546‑square‑foot two‑story triplex
- Lot size measures 0.0584 acres
- Two units each offer 1 bedroom, 1 bath, kitchen, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,347
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,940
$666.9K
Cap Rate 7%
$476,386
$476.4K
Cap Rate 9%
$370,522
$370.5K
Market Conditions
NOI Build-Up for 2,546 SF
Gross rent
$50.4K $19.80/SF
− Vacancy
−$2.8K −$1.09/SF
EGI
$47.6K $18.71/SF
− OpEx
−$14.3K −$5.61/SF
NOI
$33.3K $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%
$666,940
Cap Rate 7%
$476,386
Cap Rate 9%
$370,522
Alternative Uses
Best Use
Multifamily LT 5
$476.4K
$416.8K – $555.8K
NOI $33,347 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$442.4K
$387.1K – $516.2K
NOI $30,969 @ 7.0% cap · market cap 7.29%
Theoretical Best
Healthcare Medical
$561.7K
$491.5K – $655.3K
NOI $39,320 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
685
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with varied one-bedroom layouts, a recently remodeled apartment, and established long-term tenants.
Where is this triplex located?
The property is located at 1657 Cypress Way Merced, CA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,546‑square‑foot two‑story triplex; Lot size measures 0.0584 acres; Two units each offer 1 bedroom, 1 bath, kitchen, and living room
