Duplex with Private
2945 Park Avenue, Merced, CA 95348
For Sale
New
$489,000
Each residence includes a garage, remodeled kitchen, and its own outdoor area.
Property Size2,385 SF
Price / SF$205.03
Days on Market6
Property Features for 2945 Park Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
fireplace
Building Details
Year Built
Buildings
Construction
Listing Agency:
Century 21 Select Real Estate
(209) 847-6111
Listed By:
Inspired Real Estate Group Inc
(916) 622-5341
Source:
Inspiredrealestategroup
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 12 at 7:12AM
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 Century 21 Select Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,385-square-foot duplex, built in 1972, contains two matching residences. Each has 2 bedrooms, 2 bathrooms, a one-car garage, and a combined dining and family room with an open layout. Interior features include laminate flooring, a gas-piped fireplace, and a remodeled kitchen with quartz counters and appliances. Each primary suite has a walk-in closet, a remodeled bathroom, and a sliding glass door leading outside. The property also has double-pane windows, stucco siding, composition-shingle roofing, and a concrete slab foundation.
The residences have separate backyard access. A 220-volt hookup is available in each garage. The Merced property is near shopping centers, grocery stores, restaurants, and other local services.
The residences have separate backyard access. A 220-volt hookup is available in each garage. The Merced property is near shopping centers, grocery stores, restaurants, and other local services.
Key Highlights
- Two residences, each with 2 bedrooms and 2 bathrooms
- 2,385 square feet; built in 1972
- One‑car garage for each unit, with a 220‑volt hookup
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,488
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a garage, remodeled kitchen, and its own outdoor area.
Where is this duplex located?
The property is located at 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 residences, each with 2 bedrooms and 2 bathrooms; 2,385 square feet; built in 1972; One‑car garage for each unit, with a 220‑volt hookup
