Stop dreaming of passive income and start collecting it with this rare North Merced four-plex! Whether you’re a savvy investor or a first-time buyer looking to house hack your way to financial freedom, this property is the ultimate "choose your own adventure" asset. Each of the four units is a spacious 959 sq ft "roommate’s dream, " featuring 2 bedrooms and 2 full bathrooms, plus its own dedicated parking stall and storage unit. The layout is anchored by a central courtyard, but the real magic is just outside your front door: you are directly across the street from Fahrens Park and its miles of scenic walking and bike paths. With Target, the Merced Mall, and the UC Merced Shuttle all within easy reach, your tenant pool is practically built-in. This is a prime upside opportunity in a high-demand location—don't let the next owner be the one bragging about the cash flow you missed out on!
Multi-familyProperty Type
1982Year Built
8,279 sq ftLot Size
$124Price/Sq.Ft.
4 spacesParking
Listed by Hector Garcia•DRE #02126914• BLVD Real Estate
Contact: 510-862-0625
Bought with General NONMEMBER•DRE #NONMEMBER• NONMEMBER MRML
GREAT INVESTMENT FOR 4 PLEX NORTH MERCED LOCATION WITH GOOD RENTAL HISTORY. COVERED PARKING. LAUNDRY ROOM FOR TENANTS WITH COIN WITH WASHER AND DRYER. 2 UNITS HAVE 2 BEDROOMS 2 BATHROOMS AND OTHER 2 ARE 2 BEDROOMS 1 BATH WITH CENTER HEAT/AIR. ALL UNITS ARE OCCUPIED. UNITS HAVE BEEN UPDATED WITH A/C UNITS, FLOORING, INSIDE OUTSIDE PAINT AND WINDOWS IN 2015.EACH UNIT HAS OUTSIDE STORAGE ROOM. WSG RUNS APP. $130, PG & E APP. $30.00 PER OWNER. OWNER DOES OWN GARDENING. COMMON REAR DRIVEWAY. CLOSE TO SCHOOLS, SHOPPING CENTERS, MERCED MALL, MERCED COLLEGE, UC MERCED. SELLER WANTS AS IS SALE. DO NOT DISTURB TENANTS
SDMLS #301742787
Sep 18, 2018
Sold
$425,000
$111/sq ft
Jul 17, 2018
Listed
$399,000
$104/sq ft
CRMLS #MC18173357
Sep 18, 2018
Sold
$425,000
$111/sq ft
Sep 18, 2018
Sold
$425,000
$111/sq ft
Aug 7, 2018
Pending
—
Jul 17, 2018
Listed
$399,000
$104/sq ft
Jul 17, 2018
Listed
$399,000
$104/sq ft
CRMLS #MC14072456
Aug 5, 2015
Sold
$265,000
$69/sq ft
Jul 1, 2015
Pending
—
Apr 17, 2015
Price Changed
$269,500
$70/sq ft
Jan 22, 2015
Relisted
—
Dec 31, 2014
Listing Removed
—
Sep 15, 2014
Price Changed
$272,000
$71/sq ft
Jun 16, 2014
Price Changed
$278,500
$73/sq ft
Jun 9, 2014
Price Changed
$287,500
$75/sq ft
Apr 9, 2014
Listed
$299,000
$78/sq ft
CRMLS #MC7030528
Sep 30, 2007
Listing Removed
—
Apr 24, 2007
Listed
$450,000
$117/sq ft
Public Records
Apr 28, 2005
Sold
$555,000
$145/sq ft
CRMLS #MC5019452
Mar 30, 2005
Listing Removed
—
Feb 3, 2005
Listed
$550,000
$143/sq ft
MLSListings #ML80430612
Mar 18, 2005
Listing Removed
—
Mar 18, 2005
Sold
$550,000
$143/sq ft
Oct 23, 2004
Listed
$550,000
$143/sq ft
CRMLS #MC2002078
Mar 25, 2002
Sold
$187,500
$49/sq ft
Jan 24, 2002
Listed
$193,000
$50/sq ft
CRMLS #MC20991
Dec 31, 2001
Listing Removed
—
Jan 24, 2001
Listed
$169,000
$44/sq ft
Public Records
Sep 3, 1999
Sold
$151,000
$39/sq ft
Public Records
Aug 6, 1996
Sold
$140,000
$37/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,482 (+5.8%)
$79,590 + $503,011
$582,601
2024
$6,129 (+1.4%)
$79,590 + $503,011
$582,601
2023
$6,046 (+1.3%)
$78,030 + $493,149
$571,179
2022
$5,966 (+23.0%)
$76,500 + $483,480
$559,980
2021
$4,852 (−0.8%)
$75,000 + $474,000
$549,000
2020
$4,891 (+1.6%)
$66,986 + $371,004
$437,990
2019
$4,816 (+65.3%)
$66,300 + $367,200
$433,500
2018
$2,913 (−3.7%)
$65,000 + $360,000
$425,000
2017
$3,024 (+1.6%)
$51,000 + $219,300
$270,300
2016
$2,977 (+135.2%)
$51,000 + $219,300
$270,300
2015
$1,266 (+2.2%)
$50,000 + $215,000
$265,000
2014
$1,239 (+2.8%)
$26,322 + $83,183
$109,505
2013
$1,206 (+1.5%)
$26,322 + $83,183
$109,505
2012
$1,188
$26,204 + $82,808
$109,012
2011
$1,187 (−71.5%)
$25,691 + $81,185
$106,876
2010
$4,170 (+3.4%)
$25,188 + $79,594
$104,782
2009
$4,033 (−34.3%)
$91,583 + $284,924
$376,507
2008
$6,135
$91,800 + $285,600
$377,400
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
8,279 Sq. Ft.
Year renovated
—
Sq. Ft.
3,834
Year built
1982
Style
Other
County
Merced County
APN
236130003000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 30, 2026.
R-3-2
Medium Density Residential-2 District
The R-3 zoning district provides an area for a full range of residential uses, including single-family dwellings, duplex homes, multi-family dwellings, single room occupancy housing, and other land uses typically compatible with a medium density residential setting. The R-3 zoning district R-3-2 allowing for a range of permitted residential densities.
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 Carport Spaces: 4
Assigned, Carport, Carport Attached
Has Parking
# of Parking Spaces: 4
Interior
Laundry Information
Has Laundry
Community, Washer Hookup
Cooling Information
Central
Has Cooling
Heating Information
Central Furnace
Has Heating
Interior Features
Entry Level: 1
Entry Location: 1
Levels: Two
Exterior
Exterior Information
Roof: Shingle
Fencing: Wood
Has Fence
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Cul-De-Sac
Property Information
Total # of Units: 4
Common Walls: 2+ common walls
Parcel Number: 236130003000
Attached Property
Total # of Stories: 2
Year Built Source: Public Records
Property ADU: No
Financial
Assesments Information
Assessments: Unknown
Lease / Rental Details
Operating Expense: $5,916
Tenant Pays: Phone, Cable TV, Electricity
Total Actual Rent: $2,395
Utilities
Utilities Information
Sewer: Public Sewer
Sewer Connected, Water Connected
Water Source: District/Public
Location
Unit Type 1 Information
Unit Key Numeric: 419432814
Listing Key Numeric: 419432798
Total # of Baths: 2
# of Baths Full: 2
Total # of Beds: 2
Total # of Units: 4
Expenses
Trash: $1,560
Total: $14,005
Insurance: $3,973
Water Sewer: $4,356
Multi-Unit Information
Net Operating Income: $52,824
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: 3,834
Gross Scheduled Income: $58,740
Gross Income: $58,740
# Of Leased Units: 2
# Of Separate Water Meters: 4
# Of Separate Gas Meters: 4
# Of Separate Electric Meters: 4
# Of Buildings: 1
Neighborhood Information
Community Features: Park
Location Information
Latitude: 37.32546900
Longitude: -120.48655300
Directions: Head north or R street towards from Yosemite, turn right on Buena Vista, Right on San Mateo Ct. 4 Plex is on the right side off of coldasac.
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 3,834
Stories: 2.0
Lot Size: 8,279 square feet
Style: Other
Year Built: 1982
Year Renovated: —
County: Merced County
APN: 236130003000
Home facts updated by county records on Jul 30, 2026
Other
Listing Information
IDX Contact Info: 510-862-0625
Days Active in MLS: 44
Continuous Days Active in MLS: 44
Listing Agent Information
List Agent First Name: Hector
List Agent Last Name: Garcia
Listing Office Information
List Office Name: BLVD Real Estate
Selling Agent Information
Buyer Agent First Name: General
Buyer Agent Last Name: NONMEMBER
Selling Office Information
Buyer Office Name: NONMEMBER MRML
Around this home
Schools
Rudolph Rivera Elementary
Public K-6 • Assigned • 0.2mi
4/10
Rudolph Rivera Middle School
Public 7-8 • Assigned • 0.2mi
3/10
Merced High School
Public 9-12 • Assigned • 0.8mi
4/10
Provided by GreatSchools
Climate risks
4/10 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 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 • 95348
Average low and high temperatures (°F)
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49
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91
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63
90
61
79
54
63
46
55
43
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Feb
Mar
Apr
May
Jun
Jul
Aug
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Oct
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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
$574,000 – $695,000
Sell confidently with a local market expert in Merced.