Duplex with Remodeled
2935-2945 Park Avenue, Merced, CA 95348
For Sale
New
$489,000
Merced, CA
Property Size2,385 SF
Lot Size0.14 Acres
Price / SF$205.03
Days on Market2
Property Features for 2935-2945 Park Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Fireplace
Appliances
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Realty Executives Of Northern California · Realty Executives International
(209) 385-8500
Listed By:
Randy Hayer · License #01251542
(209) 765-3767
Added: Nov 6
Last Checked: Nov 7 at 2:06PM
MLS# MC26239122
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,385-square-foot duplex contains two matching units, each with 2 bedrooms, 2 bathrooms, and a one-car garage. Open-plan living and dining areas feature laminate flooring and gas-piped fireplaces. Remodeled kitchens include quartz countertops, an electric range and oven, dishwasher, disposal, and refrigerator. Primary suites have walk-in closets, remodeled bathrooms, and sliding doors opening to private outdoor areas. Each unit also has separate backyard access and a 220-volt garage hookup.
Built in 1972, the property has a stucco exterior, composition shingle roof, central heating and air conditioning, and a concrete slab foundation. Public water and sewer serve the property.
Built in 1972, the property has a stucco exterior, composition shingle roof, central heating and air conditioning, and a concrete slab foundation. Public water and sewer serve the property.
Key Highlights
- Two units, each with 2 bedrooms, 2 bathrooms, and a one‑car garage
- 2,385 square feet on a 0.1448‑acre lot
- Remodeled kitchens with quartz countertops and included appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,238
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,760
$624.8K
Cap Rate 7%
$446,257
$446.3K
Cap Rate 9%
$347,089
$347.1K
Market Conditions
NOI Build-Up for 2,385 SF
Gross rent
$47.2K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$44.6K $18.71/SF
− OpEx
−$13.4K −$5.61/SF
NOI
$31.2K $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%
$624,760
Cap Rate 7%
$446,257
Cap Rate 9%
$347,089
Alternative Uses
Best Use
Multifamily LT 5
$446.3K
$390.5K – $520.6K
NOI $31,238 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$414.4K
$362.6K – $483.5K
NOI $29,011 @ 7.0% cap · market cap 5.93%
Theoretical Best
Healthcare Medical
$526.2K
$460.4K – $613.9K
NOI $36,834 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,488
Businesses Nearby
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Business Placement
Demographics for 95348, CA
35,066
Population
12,173
Households
2.9
Avg Household Size
30
Median Age
19%
College-Educated
80%
High-School Grad
59.0 sq mi
ZIP Area
594
Density / Sq Mi
$63,618
Median Household Income
$40,171
Median Earnings
$1,498
Median Rent
$352,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences each provide private outdoor space, a garage, and an open living and dining area.
Where is this duplex located?
The property is located at 2935-2945 Park Avenue Merced, CA.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 2 bathrooms, and a one‑car garage; 2,385 square feet on a 0.1448‑acre lot; Remodeled kitchens with quartz countertops and included appliances
