Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1962 Edwards Merced, CA 95340

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Well-maintained 8-unit apartment building in Merced, CA for sale.

    Type:Commercial
    Added:
    Feb 27, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 5 at 8:32 pm

    Property Features for 1962 Edwards

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    ARMANDO DIAZ

    Listing agent ARMANDO DIAZ License #DRE #01496803

    Listing office SOLDAVI INC.

    Listing date Feb 27, 2026

    Source Corcoran

    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 SOLDAVI INC.

    Overview

    Merced Multifamily Investment Opportunity

    This well-maintained 8-unit apartment building is located in Merced, CA. The property features eight 2-bedroom, 1-bathroom units. Each unit is approximately 850 square feet. The units offer functional floor plans with comfortable living spaces and sizable bedrooms. The property is positioned near shopping, schools, public transportation, and UC Merced. It is suitable for investors looking to expand their portfolio or complete a 1031 exchange, offering income potential in the Central Valley market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Merced
    County
    Merced
    State
    California
    Longitude
    -120.45
    Latitude
    37.2959

    Nearby Similar for Sale

    • $2,499,999
      7,256 SF

      Well-Maintained Multifamily Investment Opportunity

      15-unit multifamily property with a desirable unit mix in Merced.
      132 W 18Th St, Merced, CA 95340
      View Details
    • $455,000

      Merced Land with Utilities

      2.8 acre lot with well, septic, and electricity.
      3650 Santa Fe, Merced, CA 95301
      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
    • $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
    • $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
    • $350,000
      2,400 SF

      Downtown Merced Commercial Building

      2,400 SF mixed-use property in thriving downtown Merced.
      47 W Main, Merced, CA 95340
      View Details
    • $507,000

      Remodeled Duplex in North Merced

      Turn-key duplex with updated interiors and private backyards.
      3557 & 3559 Guadalupe, Merced, CA 95348
      View Details
    • $15,997,500
      199,667 SF

      Versatile Industrial Buildings on 22+ Acres

      Multiple buildings with excess land, income-producing, and owner-occupied options.
      2773 N State Highway 59, Merced, CA 95348
      View Details
    • $975,000
      4,550 SF

      Merced Professional Office Building

      Professional office building with flexible suites in Merced, California.
      3183 Collins Dr, Merced, CA 95348
      View Details
    • $2,000,000

      Merced Motel Investment Opportunity

      Income-generating 22-unit motel near downtown Merced and UC Merced.
      1407 W 16th St, Merced, CA 95340
      View Details
    • $880,000

      Merced Multifamily Investment Opportunity

      Eight-unit multifamily property in Merced, California.
      941 Barney, Merced, CA 95340
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-unit apartment building in Merced, CA for sale.
    Where is this apartment building located?
    The property is located at 1962 Edwards Merced, CA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: Strong investment opportunity with solid income potential in a growing Central Valley market.; Well‑maintained 8‑unit apartment building.; Each unit is a spacious 2‑bedroom, 1‑bathroom layout, approximately 850 square feet.
    (209) 383-3000
    We can help!
    Listing Contact
    ARMANDO DIAZ
    Real Estate License ID: DRE #01496803
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!