Great opportunity to own 2 homes on 1 lot. Each home has its own electrical and gas meters. Main house is a 2bedroom 1 1/4 bath with upstairs loft. Flooring and electrical breaker has been updated. Back unit features a 2 bedroom 1 bath. A new roof has been installed on the back unit along with an updated bathroom and new plumping and gas line.
Multi-familyProperty Type
1939Year Built
9,457 sq ftLot Size
$343Est. Price/Sq.Ft.
2 car garageParking
Listed by Aaron Vega•DRE #01807208• Tinetti Realty Group
Bought with Ravinder Singh•DRE #01493819• Keller Williams Property Team
INVESTMENT OPPORTUNITY!! 2 homes on one lot located in central Merced!
Year
Property tax
Land + Additions
Assessment*
2026
$3,085 (+2.3%)
$111,426 + $164,487
$275,913
2025
$3,015 (+5.8%)
$111,426 + $164,487
$275,913
2024
$2,851 (+1.4%)
$109,242 + $161,262
$270,504
2023
$2,812 (−4.3%)
$107,100 + $158,100
$265,200
2022
$2,937 (+116.2%)
$105,000 + $155,000
$260,000
2021
$1,359 (−0.7%)
$75,000 + $195,000
$270,000
2020
$1,368 (+1.6%)
$37,517 + $84,434
$121,951
2019
$1,347 (+9.7%)
$37,133 + $83,569
$120,702
2018
$1,228 (−3.6%)
$36,405 + $81,931
$118,336
2017
$1,274 (+1.6%)
$34,993 + $78,750
$113,743
2016
$1,254 (+1.6%)
$34,993 + $78,750
$113,743
2015
$1,234 (+2.2%)
$34,307 + $77,206
$111,513
2014
$1,208 (+2.8%)
$33,131 + $74,558
$107,689
2013
$1,175 (+1.5%)
$33,131 + $74,558
$107,689
2012
$1,158 (+0.1%)
$32,982 + $74,222
$107,204
2011
$1,157 (+2.8%)
$32,336 + $72,767
$105,103
2010
$1,125 (+3.4%)
$31,702 + $71,341
$103,043
2009
$1,088 (+3.0%)
$31,466 + $70,808
$102,274
2008
$1,056
$31,540 + $70,976
$102,516
Tax history for 2897 Oleander Ave
Year
Property tax
Land + Additions
Assessment*
2026
$3,085 (+2.3%)
$111,426 + $164,487
$275,913
2025
$3,015 (+5.8%)
$111,426 + $164,487
$275,913
2024
$2,851 (+1.4%)
$109,242 + $161,262
$270,504
2023
$2,812 (−4.3%)
$107,100 + $158,100
$265,200
2022
$2,937 (+116.2%)
$105,000 + $155,000
$260,000
2021
$1,359 (−0.7%)
$75,000 + $195,000
$270,000
2020
$1,368 (+1.6%)
$37,517 + $84,434
$121,951
2019
$1,347 (+9.7%)
$37,133 + $83,569
$120,702
2018
$1,228 (−3.6%)
$36,405 + $81,931
$118,336
2017
$1,274 (+1.6%)
$34,993 + $78,750
$113,743
2016
$1,254 (+1.6%)
$34,993 + $78,750
$113,743
2015
$1,234 (+2.2%)
$34,307 + $77,206
$111,513
2014
$1,208 (+2.8%)
$33,131 + $74,558
$107,689
2013
$1,175 (+1.5%)
$33,131 + $74,558
$107,689
2012
$1,158 (+0.1%)
$32,982 + $74,222
$107,204
2011
$1,157 (+2.8%)
$32,336 + $72,767
$105,103
2010
$1,125 (+3.4%)
$31,702 + $71,341
$103,043
2009
$1,088 (+3.0%)
$31,466 + $70,808
$102,274
2008
$1,056
$31,540 + $70,976
$102,516
*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
1
Stories
2
Lot width
—
Lot depth
—
Lot size
9,456 Sq. Ft.
Year renovated
—
Sq. Ft.
740
Year built
1939
Style
Other
County
Merced County
APN
007142043000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 9, 2026.
R-1
Low Density Residential 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 four (4) subzones (R-1-20, R-1-10, R-1-6, and R-1-5) 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: 2
# of Parking Spaces: 2
Interior
Laundry Information
Has Laundry
See Remarks
Cooling Information
Wall Window
Has Cooling
Room Information
All Bedrooms Down, Loft
Heating Information
Wall Heater
Has Heating
Interior Features
Levels: Two
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Front Yard
Property Information
Total # of Units: 2
Common Walls: No Common Walls
Parcel Number: 007142043000
Total # of Stories: 2
Has View
Year Built Source: Assessor
Financial
Assesments Information
Assessments: Unknown
Utilities
Utilities Information
Sewer: Community Septic
Water Source: District/Public
Location
Unit Type 1 Information
Unit Key Numeric: 11356658
Listing Key Numeric: 369520447
Total # of Baths: 2
# of Baths Full: 1
# of Baths One Quarter: 1
Attached Garage: Yes
Total # of Beds: 2
# of Garage Spaces: 1
Furnished: Unfurnished
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 11356659
Listing Key Numeric: 369520447
Actual Rent: $700
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 2
Attached Garage: Yes
# of Garage Spaces: 1
Total Rent: $700
Total # of Units: 1
Expenses
Trash: $1,500
Total: $1,860
Insurance: $360
Multi-Unit Information
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 1,028
Gross Scheduled Income: $8,400
Gross Income: $8,400
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 2
# Of Separate Electric Meters: 2
# Of Buildings: 2
Neighborhood Information
Community Features: Street Lighting
Location Information
Latitude: 37.31197400
Longitude: -120.46181900
Directions: Take E. Alexander towards Oleander
Zoning: R-1
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 740
Stories: 2.0
Lot Size: 9,456 square feet
Style: Other
Year Built: 1939
Year Renovated: —
County: Merced County
APN: 007142043000
Home facts updated by county records on Oct 9, 2026
Other
Listing Information
Days Active in MLS: 15
Continuous Days Active in MLS: 15
Listing Agent Information
List Agent First Name: Aaron
List Agent Last Name: Vega
Listing Office Information
List Office Name: Tinetti Realty Group
Selling Agent Information
Buyer Agent First Name: Ravinder
Buyer Agent Last Name: Singh
Selling Office Information
Buyer Office Name: Keller Williams Property Team
Around this home
Schools
Luther Burbank Elementary School
Public K-6 • Assigned • 0.3mi
5/10
Herbert Hoover Middle School
Public 7-8 • Assigned • 0.6mi
5/10
Merced High School
Public 9-12 • Assigned • 0.8mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
5/10 Flood Factor
Estimated 19-29% chance 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 104° 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
Average low and high temperatures (°F)
59
39
63
44
70
47
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49
82
55
91
61
94
63
96
64
89
63
79
54
63
46
55
43
Jan
Feb
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Apr
May
Jun
Jul
Aug
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Nov
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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
Estimated sale price
$335,000 – $406,000
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