Quadplex Under
For Sale
$659,900
MERCED, CA 95340, 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 Market62
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
6
Rooms
Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5
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, Natural Gas, Forced Air
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 16
Last Checked: Oct 17 at 1:06AM
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.
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Investment Insights
Based on property information with market context.
This R2-zoned quadplex contains 3,900 square feet on a 0.2152-acre lot. A substantial renovation is scheduled for completion by mid-September 2026, with work covering electrical and plumbing systems, kitchens, bathrooms, flooring, doors, appliances, lighting, air conditioning, water heaters, dual-pane windows, and interior and exterior finishes. Planned exterior work also includes a new shingle roof and stucco siding. The property was built in 1998.
Upon completion, all units are expected to be tenant occupied. The property has public water, central air conditioning, and on-street parking. Listed appliances include gas cooktops and ovens, range hoods, and garbage disposals, with appliance packages varying by unit.
Upon completion, all units are expected to be tenant occupied. The property has public water, central air conditioning, and on-street parking. Listed appliances include gas cooktops and ovens, range hoods, and garbage disposals, with appliance packages varying by unit.
Key Highlights
- Quadplex with 3,900 square feet of building area
- 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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
150
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
Frequently Asked Questions
What type of property is this?
Quadplex - Extensive building upgrades are scheduled ahead of tenant occupancy upon completion.
Where is this quadplex located?
The property is located at 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: Quadplex with 3,900 square feet of building area; 0.2152‑acre lot with R2 zoning; Renovation scheduled for completion by mid‑September 2026
