Listing Agency: American Discount Realty Services Inc M***@aol.com Show Phone

Listed By: Carlos Quintero · License #01309210 Show Phone

Source: Exprealty

Added: Jul 6 Changed: Sep 13 Last Checked: Oct 5 at 7:13PM

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Investment Insights

Based on property information with market context.

This newly constructed duplex property contains 2298 square feet across two separate residences. The primary home offers four bedrooms and two bathrooms, along with energy-efficient appliances. A detached ADU adds a private one-bedroom, one-bathroom layout that can provide additional residential space or accommodate a home office.

Both residences include fully owned solar panel systems, supporting reduced utility consumption. The property is located near the University of California, Merced and shopping centers, providing convenient access to those nearby destinations.

Key Highlights

• 2298 square feet across two newly constructed residences
• Main residence includes 4 bedrooms and 2 bathrooms
• Separate ADU provides 1 bedroom and 1 bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,099

Cap Rate

4.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$601,980 $602.0K

Cap Rate 7%

$429,986 $430.0K

Cap Rate 9%

$334,433 $334.4K

Market Conditions

NOI Build-Up for 2,298 SF

Gross rent

$45.5K $19.80/SF

− Vacancy

−$2.5K −$1.09/SF

EGI

$43.0K $18.71/SF

− OpEx

−$12.9K −$5.61/SF

NOI

$30.1K $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%

$601,980

Cap Rate 7%

$429,986

Cap Rate 9%

$334,433

Alternative Uses

Best Use

Multifamily LT 5

$430.0K

$376.2K – $501.7K (±1% cap)

NOI $30,099 @ 7.0% cap · market cap 4.81%

Second Best

Apartment 5plus

$399.3K

$349.4K – $465.9K (±1% cap)

NOI $27,952 @ 7.0% cap · market cap 4.47%

Theoretical Best

Healthcare Medical

$507.0K

$443.6K – $591.5K (±1% cap)

NOI $35,490 @ 7.0% cap · market cap 5.67%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service (Bike/Boat/Book/etc) Store Skin Care Clinic Catering Service Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

588

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two newly built residences include a four-bedroom main home and separate one-bedroom ADU.

Where is this duplex located?

The property is located at 2-929 W 6th St Merced, CA.

What is the asking price?

The asking price for this property is $625,500.

What are key features of this property?

This property features: 2298 square feet across two newly constructed residences; Main residence includes 4 bedrooms and 2 bathrooms; Separate ADU provides 1 bedroom and 1 bathroom