10-Unit Apartment
For Sale
$2,250,000
40 W 13th Street, Merced, CA 95341
Two residential buildings are planned with private parking and Enterprise zoning.
Property Size6,665 SF
Price / SF$337.58
Days on Market9
Property Features for 40 W 13th Street
General Information
Standard status
Active
Size
6,665 SF
Property subtype
Commercial
Zoning
Enterprise
Units
Unit Mix
10 x 2BR/1BA
Multifamily Units
10
Building Details
Building Size
6,665 SF
Buildings
2
Units
10
Listing Agency:
Busy Bee Realty
7729863
Listed By:
Caprice Briski-Butzler
(209) 609-1974
Source:
Busybee
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 26 at 3:39AM
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 Busy Bee Realty
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Investment Insights
Based on property information with market context.
Planned as a two-building apartment property, the complex comprises 10 units, each with two bedrooms and one bathroom across approximately 665 square feet. Unit features include new appliances, laminate flooring, dual-pane windows, and indoor laundry. Open kitchens with granite countertops connect to formal living areas. Solar panels and a new 30-year composition roof are also part of the plan.
Site improvements include private parking, a landscaped front area, and concrete driveways and walkways. The property is zoned Enterprise. The available information describes a planned project and does not establish its current completion status.
Site improvements include private parking, a landscaped front area, and concrete driveways and walkways. The property is zoned Enterprise. The available information describes a planned project and does not establish its current completion status.
Key Highlights
- 10 apartments across two buildings
- Each unit has 2 bedrooms, 1 bathroom, and approximately 665 square feet
- Enterprise zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,072
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,621,440
$1.6M
Cap Rate 7%
$1,158,171
$1.2M
Cap Rate 9%
$900,800
$900.8K
Market Conditions
NOI Build-Up for 6,665 SF
Gross rent
$155.2K $23.28/SF
− Vacancy
−$7.8K −$1.16/SF
EGI
$147.4K $22.12/SF
− OpEx
−$66.3K −$9.95/SF
NOI
$81.1K $12.16/SF
Area
Merced County, CA
Vacancy
5.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,621,440
Cap Rate 7%
$1,158,171
Cap Rate 9%
$900,800
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,072 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.47M
$1.29M – $1.72M
NOI $102,934 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,489
Businesses Nearby
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Business Placement
Demographics for 95341, CA
33,194
Population
9,331
Households
3.6
Avg Household Size
29
Median Age
8%
College-Educated
63%
High-School Grad
146.8 sq mi
ZIP Area
226
Density / Sq Mi
$55,516
Median Household Income
$32,184
Median Earnings
$1,172
Median Rent
$295,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two residential buildings are planned with private parking and Enterprise zoning.
Where is this apartment building located?
The property is located at 40 W 13th Street Merced, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 10 apartments across two buildings; Each unit has 2 bedrooms, 1 bathroom, and approximately 665 square feet; Enterprise zoning
