NEW 7 HRS AGO

For sale

$1,099,000

Est. $7,410/mo —

•

6,800

sq ft

1962 Edwards Ave, Merced, CA 95340

About this home

Prime investment opportunity in Merced, CA! This well-maintained 8-unit multifamily property features eight spacious 2-bedroom, 1-bathroom units, each offering approximately 850 square feet of comfortable living space. Currently 100% occupied, the property presents an excellent opportunity for investors seeking an established income-producing asset. Each unit features a functional floor plan with generously sized bedrooms and inviting living areas. Conveniently located near shopping, schools, public transportation, and UC Merced, the property offers accessibility to everyday amenities. Whether expanding an investment portfolio or completing a 1031 exchange, this multifamily property offers attractive rental income potential and long-term investment opportunities in Merced's growing Central Valley market.

Multi-familyProperty Type

1979Year Built

0.37 acresLot Size

$162Price/Sq.Ft.

14 spacesParking

Listed by Armando Diaz •DRE #01496803 • Soldavi Inc.

Listing updated: Oct 26, 2026 at 11:45am

Redfin checked: a minute ago

•Source:MetroList #226132123

Listing provided courtesy of Metrolist Services, Inc (Sacramento)

Payment calculator

$7,410 per month

Principal and interest$6,072

Property taxes

$1,145

HOA dues

Home insurance

$192

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (7)

OPEN THU, 11AM TO 2PM
$379,570
3 beds2.5 baths1,623 sq ft
145 Long Trail Ln, Merced, CA 95341
OPEN THU, 11AM TO 2PM
$330,381
2 beds2.5 baths1,259 sq ft
125 Long Trail Ln, Merced, CA 95341
OPEN THU, 11AM TO 2PM
$379,570
3 beds2.5 baths1,623 sq ft
115 Long Trail Ln, Merced, CA 95341
OPEN THU, 11AM TO 2PM
$366,773
3 beds2.5 baths1,358 sq ft
133 Wonderland Trail Ln, Merced, CA 95341
OPEN SAT, 11AM TO 1PM
$355,000
3 beds2 baths1,227 sq ft
2672 8th, Merced, CA 95340
OPEN NOV 7, 11AM TO 1PM
$456,644
4 beds3 baths1,832 sq ft
454 Jacobs Dr, Merced, CA 95348
Powerhouse Realty
OPEN NOV 8, 12PM TO 2PM
$490,000
4 beds2 baths2,265 sq ft
2462 Valverde Dr, Merced, CA 95340

Around this home

Schools

K - 12
Preschool & daycare

Charles Wright Elementary School

Public K-6 • Assigned • 0.7mi

4/10

Herbert Hoover Middle School

Public 7-8 • Assigned • 1.0mi

5/10

Golden Valley High School

Public 9-12 • Assigned • 0.5mi

4/10

Provided by GreatSchools

About East

Merced

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

Bedrooms
Units 1–4 each have 2 bedrooms

Bathrooms
Units 1–4 each have 1 full bathroom

Kitchen
Free-standing refrigerator, free-standing electric oven

Laundry & utility
Laundry closet
Common-area laundry
Washer and dryer leased

Flooring
Tile flooring

Heating & cooling
Central heating
Central cooling

Sale and tax history for 1962 Edwards Ave

Sale History
Tax History

Date

Event

Price

Public Records

Dec 30, 2016

Sold

$565,000

$83/sq ft

CRMLS #Y45761

May 30, 2005

Sold

$680,000

$100/sq ft

Dec 17, 2004

Listed

$699,500

$103/sq ft

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*

2026

$7,438 (+2.3%)

$94,699 + $570,824

$665,523

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

—

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

—

Garage

—

Features

—

Last updated by owner on Oct 9, 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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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2232 E Bellevue, Merced, CA 95340

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3 beds2 baths1,624 sq ft

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Details provided by MetroList and may not match the public record. Learn more.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (7)

Around this home

Schools

Property details

Sale and tax history for 1962 Edwards Ave

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 1962 Edwards Ave

Early Access listings

Nearby similar homes

New listings for sale in 95340

More real estate resources