Calling all investors! Great opportunity to own a multi-unit rental property in Merced! Property features 8 total units and a garage building with 4 spaces! Units are all 1 bedroom, 1 bath, previously updated interior, each unit has own gas and electric meter. Great location in the heart of Merced! This is a gem!. .. just needs a little TLC to make it shine!
Multi-familyProperty Type
1950Year Built
7,492 sq ftLot Size
$45Price/Sq.Ft.
4 garage spacesParking
Listed by Larissa Sherman•DRE #01869953• London Properties Ltd, Atwater
Bought with Larissa Sherman•DRE #01869953• London Properties Ltd, Atwater
Calling all investors! Great opportunity to own a multi-unit rental property in Merced! Property features 8 total units and a garage building with 4 spaces! Units are all 1 bedroom, 1 bath, previously updated interior, each unit has own gas and electric meter. Great location in the heart of Merced! This is a gem!...just needs a little TLC to make it shine!
Calling all investors! Great opportunity to own a multi-unit rental property in Merced! Property features 8 total units and a garage building with 4 spaces! Units are all 1 bedroom, 1 bath, previously updated interior, each unit has own gas and electric meter. Great location in the heart of Merced! This is a gem!...just needs a little TLC to make it shine!
Public Records
Jun 1, 1999
Sold
$112,500
$23/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,808 (+142.7%)
$98,838 + $525,402
$624,240
2024
$2,805 (+1.4%)
$96,900 + $515,100
$612,000
2023
$2,767 (+1.3%)
$52,224 + $207,742
$259,966
2022
$2,730 (+0.2%)
$51,200 + $203,669
$254,869
2021
$2,725 (−0.7%)
$50,197 + $199,676
$249,873
2020
$2,745 (+1.5%)
$49,213 + $195,761
$244,974
2019
$2,704 (+9.6%)
$48,709 + $193,754
$242,463
2018
$2,467 (−3.7%)
$47,754 + $189,955
$237,709
2017
$2,562 (+469.3%)
$45,900 + $182,580
$228,480
2016
$450 (+1.4%)
$45,900 + $182,580
$228,480
2015
$444 (+2.1%)
$10,361 + $26,914
$37,275
2014
$435 (+2.7%)
$10,007 + $25,991
$35,998
2013
$423 (+1.3%)
$10,007 + $25,991
$35,998
2012
$418
$9,962 + $25,874
$35,836
2011
$418 (+2.7%)
$9,767 + $25,367
$35,134
2010
$407 (+3.4%)
$9,576 + $24,870
$34,446
2009
$394 (+2.9%)
$9,505 + $24,685
$34,190
2008
$383
$9,527 + $24,743
$34,270
Tax history for 1002 W 22nd St
Year
Property tax
Land + Additions
Assessment*
2025
$6,808 (+142.7%)
$98,838 + $525,402
$624,240
2024
$2,805 (+1.4%)
$96,900 + $515,100
$612,000
2023
$2,767 (+1.3%)
$52,224 + $207,742
$259,966
2022
$2,730 (+0.2%)
$51,200 + $203,669
$254,869
2021
$2,725 (−0.7%)
$50,197 + $199,676
$249,873
2020
$2,745 (+1.5%)
$49,213 + $195,761
$244,974
2019
$2,704 (+9.6%)
$48,709 + $193,754
$242,463
2018
$2,467 (−3.7%)
$47,754 + $189,955
$237,709
2017
$2,562 (+469.3%)
$45,900 + $182,580
$228,480
2016
$450 (+1.4%)
$45,900 + $182,580
$228,480
2015
$444 (+2.1%)
$10,361 + $26,914
$37,275
2014
$435 (+2.7%)
$10,007 + $25,991
$35,998
2013
$423 (+1.3%)
$10,007 + $25,991
$35,998
2012
$418
$9,962 + $25,874
$35,836
2011
$418 (+2.7%)
$9,767 + $25,367
$35,134
2010
$407 (+3.4%)
$9,576 + $24,870
$34,446
2009
$394 (+2.9%)
$9,505 + $24,685
$34,190
2008
$383
$9,527 + $24,743
$34,270
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
7,492 Sq. Ft.
Year renovated
—
Sq. Ft.
720
Year built
1918
Style
Other
County
Merced County
APN
030242008000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
R-1-6
Low Density Residential-6 District
The R-1 zoning district is intended to stabilize, protect, and encourage the establishment and maintenance of a suitable environment for detached single-family dwellings, duplexes, and other land uses typically compatible with or authorized by state law for a low-density residential setting. The R-1 zoning district is divided into R-1-6 allowing for a range of minimum lot sizes.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Infrastructure
Office-Other
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 4
# of Parking Spaces: 12
Interior
Room Information
All Bedrooms Down
Exterior
Foundation Information
Foundation Details: None, Raised, See Remarks
Exterior Features
Pool Features: None
Lot Information
Lot Size Source: Seller
Property Information
Total # of Units: 8
Common Walls: 1 common wall
Parcel Number: 030242008000
Attached Property
Has View
Year Built Source: Seller
Financial
Lease / Rental Details
Operating Expense: $12,425
Utilities
Utilities Information
Sewer: Sewer or Septic - Unknown
Water Source: District/Public
Location
Unit Type 1 Information
Unit Key Numeric: 1290388
Listing Key Numeric: 10850340
Actual Rent: $425
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $425
Total # of Units: 7
Unit Type 2 Information
Unit Key Numeric: 1290389
Listing Key Numeric: 10850340
Actual Rent: $395
Area Units: Square Feet
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $395
Total # of Units: 1
Expenses
Trash: $2,000
Licenses: $150
Insurance: $1,000
Water Sewer: $4,000
Electric: $2,000
New Taxes: $2,875
Multi-Unit Information
Net Operating Income: $24,967
Total Building Area: 5,000
Gross Scheduled Income: $39,360
Gross Income: $3,400
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 1
# Of Separate Electric Meters: 1
# Of Buildings: 4
Vacancy Allowance: 5
Neighborhood Information
Community Features: Curbs, Sidewalks
Location Information
Latitude: 37.30897500
Longitude: -120.48838800
Road Surface Type: Maintained
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 720
Stories: 1.0
Lot Size: 7,492 square feet
Style: Other
Year Built: 1918
Year Renovated: —
County: Merced County
APN: 030242008000
Home facts updated by county records on Aug 26, 2026
Other
Listing Information
Days Active in MLS: 111
Continuous Days Active in MLS: 111
Listing Agent Information
List Agent First Name: Larissa
List Agent Last Name: Sherman
Listing Office Information
List Office Name: London Properties Ltd, Atwater
Selling Agent Information
Buyer Agent First Name: Larissa
Buyer Agent Last Name: Sherman
Selling Office Information
Buyer Office Name: London Properties Ltd, Atwater
Around this home
Schools
John C. Fremont Charter School
Public K-6 • Assigned • 0.1mi
3/10
Herbert Hoover Middle School
Public 7-8 • Assigned • 1.4mi
5/10
Merced High School
Public 9-12 • Assigned • 1.1mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 105° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
34 unhealthy days expected this year, 35 days in 30 years
Provided by First Street
Historical weather
Merced, CA • 95340
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Sun exposure
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