Leased Duplex Investment
3224 Nashville Court Merced, CA 95348
New
For Sale
$485,000
Duplex offers two leased units with a total of five bedrooms, four bathrooms, garages, and private backyard space.
Property Size2,287 SF
Lot Size0.16 Acres
Price / SF$212.07
Days on Market6
Property Features for 3224 Nashville Court
General Information
Standard status
Active
Size
2,287 SF
Lot size
0.16 Acres
Property subtype
Multi Family
Building Details
Year Built
1980
Listing Agency:
London Properties Ltd - Merced
(209) 947-2247
Listed By:
Jeff Nightengale · License #01878234
(209) 947-2247
Source:
Exitrealty
Added: Jul 24
Changed: Jul 27
Last Checked: Jul 28 at 5:10AM
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 London Properties Ltd - Merced
Investment Insights
Based on property information with market context.
This duplex is configured as two separate leased units, totaling five bedrooms and four bathrooms. The layout provides Unit 1 with three bedrooms and two bathrooms, featuring mostly tile flooring with some laminate, and Unit 2 with two bedrooms and two bathrooms with tile flooring throughout. Both units include open kitchens flowing into the living areas, with electric ranges and dishwashers. Each unit also has primary bedrooms with en-suite bathrooms.
The property sits on a 6,898 sq ft lot with an easy, low-maintenance front yard and private backyards for each unit. A two-car garage is provided for each unit, offering enclosed parking and additional storage.
With both units currently leased, the property is presented as an income-producing residential duplex for prospective buyers.
The property sits on a 6,898 sq ft lot with an easy, low-maintenance front yard and private backyards for each unit. A two-car garage is provided for each unit, offering enclosed parking and additional storage.
With both units currently leased, the property is presented as an income-producing residential duplex for prospective buyers.
Key Highlights
- Duplex built in 1980 with 2 units currently leased
- Total of 5 bedrooms and 4 bathrooms across both units
- 2,287 sq ft layout divided into two units: 3BR/2BA and 2BR/2BA
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.3k | $19.80 |
| − Vacancy | −$2.5k | −$1.09 |
| EGI | $42.8k | $18.71 |
| − OpEx | −$12.8k | −$5.61 |
| NOI | $30.0k | $13.10 |
2,287 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$427.9K
$374.4K – $499.2K
NOI $29,954 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$397.4K
$347.7K – $463.7K
NOI $27,819 @ 7.0% cap · market cap 5.74%
Theoretical Best
Healthcare Medical
$504.6K
$441.5K – $588.7K
NOI $35,320 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers two leased units with a total of five bedrooms, four bathrooms, garages, and private backyard space.
Where is this duplex located?
The property is located at 3224 Nashville Court Merced, CA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Duplex built in 1980 with 2 units currently leased; Total of 5 bedrooms and 4 bathrooms across both units; 2,287 sq ft layout divided into two units: 3BR/2BA and 2BR/2BA
