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5-Unit Apartment Building

2450 Palm Ave, Atwater, CA 95301

For Sale
New
$450,000

The property is offered as part of a 17-unit Atwater portfolio near Highway 99.

Property Size10,800 SF
Price / SF$41.67
Days on Market4

Property Features for 2450 Palm Ave

General Information

Standard status Active
Size 10,800 SF
Property subtype Multi-Family

Additional Details

Highway Access Yes
Multifamily Units 5

Building Details

Year Built 1974
Listing Agency: Colliers Parrish Intenational Inc.
Listed By: Andrew T. Hodgson
Source: Homesofgreatersacramento
Added: Nov 4 Changed: Nov 6 Last Checked: Nov 6 at 2:26PM

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 Colliers Parrish Intenational Inc.

Rey
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Investment Insights

Based on property information with market context.

This 10,800-square-foot apartment property, built in 1974, comprises five units and is being sold within a 17-unit portfolio. Recent improvements include roof replacements, water heaters, and exterior painting.

The Atwater property is near Highway 99, Merced, and Castle Commerce Center. Rents are described as below market, and unit renovations remain a potential focus for the portfolio.

Key Highlights

  • Five units included in a 17‑unit portfolio
  • 10,800 square feet; built in 1974
  • Recent roof work, new water heaters, and exterior painting

Property Analytics

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Lease Details

5
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

453
Businesses Nearby

Demographics for 95301, CA

40,886
Population
13,250
Households
3.1
Avg Household Size
35
Median Age
16%
College-Educated
74%
High-School Grad
76.1 sq mi
ZIP Area
537
Density / Sq Mi
$66,669
Median Household Income
$40,101
Median Earnings
$1,215
Median Rent
$367,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Merced County, CA

$268 Jul
$610 Aug
$565 Sep
$212 Oct

Properties on Market for Apartment buildings in Merced County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The property is offered as part of a 17-unit Atwater portfolio near Highway 99.
Where is this apartment building located?
The property is located at 2450 Palm Ave Atwater, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Five units included in a 17‑unit portfolio; 10,800 square feet; built in 1974; Recent roof work, new water heaters, and exterior painting
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