2-Unit
For Sale
$475,000
3074 W Queens Cir, Merced, CA 95340
Both residences are occupied and configured with two bedrooms and two bathrooms.
Property Size2,272 SF
Price / SF$209.07
Days on Market10
Property Features for 3074 W Queens Cir
General Information
Standard status
Active
Size
2,272 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,723
Listing Agency:
Silicon Valley Realtors
Listed By:
Zia Malik
(408) 661-9755
Source:
Exprealty
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 13 at 2:39AM
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 Silicon Valley Realtors
Investment Insights
Based on property information with market context.
This Merced duplex contains two occupied residences, each with two bedrooms and two bathrooms. The property totals 2,272 square feet. Home and pest inspection reports are included in the disclosure package.
Key Highlights
- Two occupied units, each with 2 bedrooms and 2 bathrooms
- 2,272‑square‑foot duplex in Merced
- Home and pest inspection reports available in the disclosure package
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,758
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,160
$595.2K
Cap Rate 7%
$425,114
$425.1K
Cap Rate 9%
$330,644
$330.6K
Market Conditions
NOI Build-Up for 2,272 SF
Gross rent
$45.0K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$42.5K $18.71/SF
− OpEx
−$12.8K −$5.61/SF
NOI
$29.8K $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%
$595,160
Cap Rate 7%
$425,114
Cap Rate 9%
$330,644
Alternative Uses
Best Use
Multifamily LT 5
$425.1K
$372.0K – $496.0K
NOI $29,758 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$394.8K
$345.5K – $460.6K
NOI $27,636 @ 7.0% cap · market cap 5.82%
Theoretical Best
Healthcare Medical
$501.3K
$438.6K – $584.8K
NOI $35,089 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 95340, CA
38,606
Population
13,553
Households
2.8
Avg Household Size
33
Median Age
26%
College-Educated
86%
High-School Grad
52.0 sq mi
ZIP Area
742
Density / Sq Mi
$65,141
Median Household Income
$35,165
Median Earnings
$1,204
Median Rent
$383,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and configured with two bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 3074 W Queens Cir Merced, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two occupied units, each with 2 bedrooms and 2 bathrooms; 2,272‑square‑foot duplex in Merced; Home and pest inspection reports available in the disclosure package
