Exceptional investment opportunity in Merced, CA! This well-maintained 8-unit apartment building features (8) spacious 2-bedroom, 1-bathroom units, each approximately 850 square feet. The property offers a strong unit mix that appeals to long-term tenants, making it an ideal addition to any investor's portfolio. Each unit provides functional floor plans with comfortable living spaces, sizable bedrooms, and practical layouts designed for everyday living. With consistent rental demand in the Merced area and proximity to shopping, schools, public transportation, and UC Merced, this property is well-positioned for stable occupancy and future growth. Whether you're looking to expand your portfolio or complete a 1031 exchange, this multi-family asset offers solid income potential in a growing Central Valley market.
Multi-familyProperty Type
1979Year Built
0.37 acresLot Size
$171Price/Sq.Ft.
14 spacesParking
Listed by Armando Diaz•DRE #01496803• Soldavi Inc.
Listed by Emanuel Gutierrez•DRE #02103022• Soldavi Inc.
East Merced, located between Yosemite Avenue and G Street, is a residential and commercial Merced neighborhood with broad arterial boulevards and a campus-adjacent feel. The neighborhood’s energy concentrates around the Yosemite Avenue and G Street corridor, where taquerias, boba counters, small groceries, and late-night bites keep the sidewalks active. Housing ranges from mid-century ranch homes to newer subdivisions with wide driveways and tidy front yards. Tree-lined pockets break up the grid, while shopping centers and service plazas shape daily routines. Community touchstones include the Merced Multicultural Arts Center, the Merced County Courthouse Museum, and the Merced Theatre downtown.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Tile flooring
Balcony/Deck
Covered patio
Bedrooms
Eight units total; multiple 2-bedroom units (at least six 2-bedroom units occupied)
Bathrooms
Multiple full bathrooms (each 2‑bedroom unit has 1 full bath)
Kitchen
Free standing refrigerator
Free standing electric oven
Laundry & utility
Washer/dryer leased
Laundry in common area
Laundry closet
Flooring
Tile
Heating & cooling
Central heating
Central cooling
Exterior features
Fenced yard
Yard space
Front and back landscaping
Curbed frontage
Home design
Residential income property
Apartments (5 or more units)
Two-story building
Built in 1979
Parking
Total parking for 14 vehicles
Carport
Guest parking available
Construction
Composition roof
Utilities
Public water
Public sewer
220-volt electric service
Separate meters for electricity and gas
Public district irrigation
HOA & community
No association
Financial info
Eight total units (residential income)
At least six occupied 2-bedroom units
Electricity and solar
View estimated energy costs and solar savings for this home
8 Residential units. 2 Bed/1 bath EACH. Located in central California in the city of Merced, approx. 54 miles north of the city of Fresno. Exit Yosemite Pkwy on the 99 Freeway. Great investment, in a good rental area. Big (16200 Sqft)lot, Carport for each unit, 2 laundry room w/ washer & dryer. Sold in it's current 'AS IS' conditions. New stairs, freshly painted in & out. .. .. READY TO MAKE YOU MONEY!!!!
Public Records
Mar 30, 2001
Sold
$295,000
$43/sq ft
Public Records
May 30, 1990
Sold
$35,000
$5/sq ft
Public Records
Jun 8, 1989
Sold
$209,500
$31/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,271 (+5.7%)
$94,699 + $570,824
$665,523
2024
$6,876 (+1.4%)
$92,843 + $559,632
$652,475
2023
$6,781 (+1.3%)
$91,023 + $548,659
$639,682
2022
$6,693 (+0.2%)
$89,239 + $537,901
$627,140
2021
$6,679 (−0.8%)
$87,490 + $527,354
$614,844
2020
$6,732 (+1.5%)
$85,775 + $517,014
$602,789
2019
$6,632 (+9.6%)
$84,896 + $511,713
$596,609
2018
$6,053 (−3.7%)
$83,232 + $501,680
$584,912
2017
$6,282 (+43.3%)
$80,000 + $482,200
$562,200
2016
$4,385 (+4.0%)
$80,000 + $482,200
$562,200
2015
$4,215 (+8.9%)
$70,000 + $320,000
$390,000
2014
$3,872 (+25.8%)
$65,000 + $280,000
$345,000
2013
$3,077 (+7.1%)
$65,000 + $280,000
$345,000
2012
$2,874 (−37.9%)
$30,000 + $250,000
$280,000
2011
$4,631 (+2.8%)
$30,000 + $230,000
$260,000
2010
$4,503 (+3.4%)
$92,479 + $320,631
$413,110
2009
$4,356 (+3.0%)
$91,788 + $318,235
$410,023
2008
$4,227
$92,006 + $318,991
$410,997
Public record
Public record
Zoning
Beds
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Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.37 Acres
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Other
County
Merced County
APN
034230002000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
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Garage
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Features
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Last updated by owner on Aug 26, 2026.
R-2
Two-Family Residential Zone
The purpose of the R-2 Two-Family Residential Zone is to provide for areas with a full range of urban services for two residential dwellings per parcel in the form of two detached single-family dwellings, duplexes, town houses, and other forms of medium-density residential development, and to maintain a residential character similar to that found in single-family neighborhoods. The intent is to ensure compatibility of duplex-type development with surrounding multi-and single-family residences and the local neighborhoods. This zone implements the Medium Density Residential MDR land use designation in the General Plan.
Permitted uses
Include but are not limited to:
Agriculture
Day care facility
Housing-Single unit
Housing-Senior
Housing-Other
Office-Other
Educational/school
Agriculture-Cropland
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 104° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
38 unhealthy days expected this year, 40 days in 30 years
Provided by First Street
Historical weather
Merced, CA • 95340
Average low and high temperatures (°F)
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90
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79
54
63
46
55
43
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Feb
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Apr
May
Jun
Jul
Aug
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 1962 Edwards Ave
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