Quadplex Under
For Sale
$659,900
Address not disclosed, Merced, CA 95340
Residential Income (2-4 units), Traditional, MERCED, CA
Property Size3,900 SF
Lot Size0.22 Acres
Price / SF$169.21
Days on Market52
Property Features for Address not disclosed
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
6
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 3
Parking
4
Parking features
On Street
Appliances
Cooktop - Gas, Garbage Disposal, Hood Over Range, Oven - Gas, Varies by Unit
Standard status
Active
Size
3,900 SF
Lot size
0.22 Acres
Utilities
Heating system
Central, Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Number of units
4
Flooring type
Carpet, Linoleum
Roof type
Shingle
Architectural style
Other
Listing Agency:
Real Brokerage Technologies
(619) 663-8680
Listed By:
Matt Rider · License #02047930
(559) 905-6663
Added: Aug 17
Changed: Oct 6
Last Checked: Oct 7 at 5:06AM
MLS# ML82057955
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex contains 3,900 square feet on a 0.2152-acre lot and is undergoing a comprehensive renovation scheduled for completion by mid-September 2026. Planned improvements include updated electrical and plumbing systems, flooring, cabinetry, bathrooms, doors, appliances, lighting, air conditioning systems, water heaters, dual-pane windows, interior and exterior paint, roofing, and stucco siding. The property was built in 1998 and has R2 zoning.
Each unit is being rebuilt as part of the renovation, with planned improvements focused on updated finishes, building systems, and functionality. Tenant occupancy is planned for all units upon completion. Additional property features include public water service, shingle roofing, central air conditioning, forced-air natural-gas heating, and on-street parking.
Each unit is being rebuilt as part of the renovation, with planned improvements focused on updated finishes, building systems, and functionality. Tenant occupancy is planned for all units upon completion. Additional property features include public water service, shingle roofing, central air conditioning, forced-air natural-gas heating, and on-street parking.
Key Highlights
- Four‑unit property with 3,900 square feet
- 0.2152‑acre lot with R2 zoning
- Renovation scheduled for completion by mid‑September 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,081
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,620
$1.0M
Cap Rate 7%
$729,729
$729.7K
Cap Rate 9%
$567,567
$567.6K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$77.2K $19.80/SF
− Vacancy
−$4.2K −$1.09/SF
EGI
$73.0K $18.71/SF
− OpEx
−$21.9K −$5.61/SF
NOI
$51.1K $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%
$1,021,620
Cap Rate 7%
$729,729
Cap Rate 9%
$567,567
Alternative Uses
Best Use
Multifamily LT 5
$729.7K
$638.5K – $851.4K
NOI $51,081 @ 7.0% cap · market cap 7.74%
Second Best
Apartment 5plus
$677.7K
$593.0K – $790.7K
NOI $47,439 @ 7.0% cap · market cap 7.19%
Theoretical Best
Healthcare Medical
$860.5K
$752.9K – $1.00M
NOI $60,232 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,636
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property scheduled for extensive renovation completion with tenant occupancy planned upon delivery.
Where is this quadplex located?
The property is located at Address not disclosed Merced, CA.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Four‑unit property with 3,900 square feet; 0.2152‑acre lot with R2 zoning; Renovation scheduled for completion by mid‑September 2026
