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Merced Multifamily Investment Opportunity

1962 Edwards, Merced, CA 95340

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For Sale

$1,250,000

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

Type:Investment

Property size:

6,800 SF

Price / SF:

$183/SF

HighLights

Well‑maintained 8‑unit apartment building.
Each unit is a spacious 2‑bedroom, 1‑bathroom layout (approximately 850 sq ft).
Strong unit mix appealing to long‑term tenants.
Proximity to shopping, schools, public transportation, and UC Merced.
Solid income potential in a growing Central Valley market.
Functional floor plans with comfortable living spaces.

We can help!

Listing Contact

Emanuel Gutierrez

Learn more

For Sale

$1,250,000

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

Type:Investment

Property size:

6,800 SF

Price / SF:

$183/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 5:40 pm

Property Features for 1962 Edwards

General Information

Standard status: Active
Size: 6,800 SF
Property subtype: Investment

Building Details

Year Built: 1979

We can help!

Listing Contact

Emanuel Gutierrez

Listing agent Emanuel Gutierrez License #DRE #01496803

Listing office SOLDAVI INC.

Listing date Apr 24, 2026

Source Elliman

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.

HighLights

Well‑maintained 8‑unit apartment building.
Each unit is a spacious 2‑bedroom, 1‑bathroom layout (approximately 850 sq ft).
Strong unit mix appealing to long‑term tenants.
Proximity to shopping, schools, public transportation, and UC Merced.
Solid income potential in a growing Central Valley market.
Functional floor plans with comfortable living spaces.

Overview

This well-maintained apartment building in Merced, CA, presents an investment opportunity. The property comprises eight units, each featuring two bedrooms and one bathroom. Each unit is approximately 850 square feet. The units offer functional floor plans with comfortable living spaces and sizable bedrooms. The property is located in proximity to shopping, schools, public transportation, and UC Merced. The location is described as car-dependent with a walk score of 17, but somewhat bikeable with a bike score of 38.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$158.3k	$23.28
− Vacancy	−$7.9k	−$1.16
EGI	$150.4k	$22.12
− OpEx	−$67.7k	−$9.95
NOI	$82.7k	$12.16

6,800 SF · lease $23.28/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,714 @ 7.0% cap · market cap 6.62%

Second Best

—

no second resolved use

Theoretical Best

Healthcare Medical

$1.50M

$1.31M – $1.75M (±1% cap)

NOI $105,019 @ 7.0% cap · market cap 8.40%

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

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Merced
County: Merced
State: California
Longitude: -120.4498205
Latitude: 37.2958526

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For sale
Apartment buildings
CA
Merced
95340
1962 Edwards

What type of property is this?

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

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: Well‑maintained 8‑unit apartment building.; Each unit is a spacious 2‑bedroom, 1‑bathroom layout (approximately 850 sq ft).; Strong unit mix appealing to long‑term tenants.