Completely transformed from the inside out, this multi-unit property has undergone an extensive down-to-the-studs renovation, creating the look and feel of an entirely new property. Scheduled for completion by mid-September 2026, the renovation includes new electrical, plumbing, flooring, cabinets, bathrooms, doors, appliances, light fixtures, air conditioning systems, water heaters, dual-pane windows, and fresh interior and exterior paint. Major exterior improvements will include a new roof and new stucco siding, giving the property a fresh, modern appearance throughout. With nearly every major component updated or replaced, each unit has been thoughtfully rebuilt with comfort, functionality, and long-term durability in mind. All units will be tenant occupied upon completion, offering the new owner immediate rental income from day one. This is a unique opportunity to own a substantially renovated income-producing property where the heavy lifting has already been done.
Multi-familyProperty Type
1998Year Built
9,375 sq ftLot Size
$169Price/Sq.Ft.
4 car garageParking
Listed by Matt Rider•DRE #02047930• Real Brokerage Technologies
Midtown, located between Downtown Merced and UC Merced, is a residential and civic Merced neighborhood with tree-lined blocks and a grid of mid-century streets. The neighborhood’s character concentrates around M Street near Main Street, where small storefronts, coffee counters, and local services set a steady daytime rhythm. Architectural cues lean toward postwar ranch homes, compact bungalows, and low-slung apartment courts. Merced County Courthouse Museum and the Merced Multicultural Arts Center add a cultural throughline close to the core. Applegate Park and the Merced County Fairgrounds frame the area with open lawns, event grounds, and seasonal activity.
Provided by Walk Score and Local Logic
Offer insights
$659,900
$663K and above
75% chance or better to win
Why $663K+ is a strong offer
DAYS ON MARKET
2 days
The average home goes pending in 58 days.
SALE-TO-LIST
97.8%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Laundry hookups only
Carpet and vinyl/linoleum flooring
Bedrooms
Two 2-bedroom units
Two 1-bedroom units
Bathrooms
Four full bathrooms (one per unit)
Kitchen
Gas cooktop
Gas oven
Range hood
Garbage disposal
Appliances vary by unit
Laundry & utility
Laundry hookups only
Flooring
Carpet
Vinyl/linoleum
Heating & cooling
Central forced air heating (gas)
Central forced air cooling
Exterior features
Balcony/patio
Barbecue area
Fenced yard
Home design
Traditional style fourplex
2 stories
Individual ownership
R2 zoning
Parking
On-street parking
Parking area
4 garage spaces (4 parking spaces total)
Construction
Shingle roof
Crawl space foundation
One building
Utilities
Public water
Public sewer
Individual electric meters
Individual gas meters
Public utilities
Financial info
Gross scheduled income $48,600 annually
Annual rental income $48,600
Annual gross income $46,170
Total expenses $8,151
Utility expenses $3,813
Trash expense $138
Gross rent multiplier 13.58
Vacancy factor 5%
Other
Separate electric meters
Tenants pay electric and gas utilities
Electricity and solar
View estimated energy costs and solar savings for this home
Completely transformed from the inside out, this multi-unit property has undergone an extensive down-to-the-studs renovation, creating the look and feel of an entirely new property. Scheduled for completion by mid-September 2026, the renovation includes new electrical, plumbing, flooring, cabinets, bathrooms, doors, appliances, light fixtures, air conditioning systems, water heaters, dual-pane windows, and fresh interior and exterior paint. Major exterior improvements will include a new roof and new stucco siding, giving the property a fresh, modern appearance throughout. With nearly every major component updated or replaced, each unit has been thoughtfully rebuilt with comfort, functionality, and long-term durability in mind. All units will be tenant occupied upon completion, offering the new owner immediate rental income from day one. This is a unique opportunity to own a substantially renovated income-producing property where the heavy lifting has already been done.
Public Records
Mar 23, 2026
Sold
$250,000
$64/sq ft
Public Records
Jan 11, 1990
Sold
$110,000
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,258 (+5.7%)
$47,816 + $153,608
$201,424
2024
$2,135 (+1.4%)
$47,816 + $153,608
$201,424
2023
$2,106 (+1.4%)
$46,879 + $150,597
$197,476
2022
$2,078 (+0.2%)
$45,960 + $147,645
$193,605
2021
$2,075 (−0.7%)
$45,059 + $144,750
$189,809
2020
$2,089 (+1.5%)
$44,176 + $141,912
$186,088
2019
$2,057 (+9.6%)
$43,724 + $140,457
$184,181
2018
$1,877 (−3.7%)
$42,867 + $137,703
$180,570
2017
$1,949 (+1.7%)
$41,203 + $132,356
$173,559
2016
$1,917 (+1.6%)
$41,203 + $132,356
$173,559
2015
$1,887 (+8.3%)
$40,396 + $129,761
$170,157
2014
$1,743 (+26.6%)
$40,000 + $115,000
$155,000
2013
$1,377 (+12.9%)
$40,000 + $115,000
$155,000
2012
$1,220 (−22.6%)
$20,000 + $105,000
$125,000
2011
$1,577 (+2.1%)
$20,000 + $90,000
$110,000
2010
$1,545 (−7.1%)
$25,000 + $115,000
$140,000
2009
$1,663 (+3.0%)
$25,000 + $115,000
$140,000
2008
$1,614
$37,138 + $119,286
$156,424
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
9,375 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Other
County
Merced County
APN
031084004000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 30, 2026.
R-4
High Density Residential District
The R-4 zoning district provides an area for the highest density residential uses in Merced. Permitted uses include single-family dwellings, duplex homes, multi-family dwellings, single room occupancy housing, and other land uses typically compatible with a high-density residential setting in close proximity to shopping, transportation, and other facilities.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Infrastructure
Office-Other
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, 17 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)
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54
63
46
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43
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Redfin Estimate
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $399,000 and $650,000.