Rare multi-family investment opportunity situated on just shy of 2.5 acres featuring six separate units, each with its own address and separately metered utilities. Offering a unique blend of immediate income and future upside, three units are currently occupied by long-term month-to-month tenants, while the remaining three vacant units provide the flexibility to renovate, reposition, or lease at current market rents. With the potential to subdivide the property so each home can be individually owned and sold, this is an opportunity that opens the door to multiple investment strategies — whether that’s creating long-term rental cash flow, executing a value-add resale plan, or building out a diversified portfolio with exit flexibility already in place. Properties with this level of versatility, land size, and future potential are rarely available.
Located in a rental-driven neighborhood, this fully occupied fourplex offers a total of 8 Bedrooms 4 Bathrooms with 3,360 Sq Ft of living space on an 8,077 Sq Ft lot. Built in 1980. Central heat and air throughout. All units are two-bedroom, one-bath layouts. An additional room can be converted into a shared laundry area to create extra income potential. Both downstairs units enjoy private backyard space, and every unit includes an additional storage room. Conveniently located near schools and parks, with shopping, freeway access, and everyday amenities just minutes away. Ideal long-term hold income property with steady rental demand. Simple buy-and-hold opportunity. Perfect for a first multifamily purchase, 1031 exchange, or portfolio expansion.
2 HOMES ON ONE LOT – INCOME PRODUCING OPPORTUNITY IN MERCED! Live in one, rent the other, or rent both and maximize your cash flow with this rare chance to own a versatile multi-unit property featuring two separate homes, each with its own gas and electric meters, offering flexibility, convenience, and strong income potential. The main home offers 3 bedrooms, 1 bathroom, an inviting open-concept layout connecting the living room, dining, and kitchen areas, indoor laundry, and a covered patio, creating a functional space for everyday living and entertaining, and is currently tenant-occupied providing immediate rental income from day one. The second home features 2 bedrooms, 1 bathroom, an updated kitchen, indoor laundry, and a covered carport, making it ideal for additional rental income, or extended family. Both homes have been well maintained and include newer roofs, dual-pane windows, and private yard areas, enhancing long-term value, energy efficiency, and tenant appeal. Situated on a desirable corner lot, the property offers ample parking and accessibility, making it highly attractive for multiple occupants or future tenants. Conveniently located in an established Merced neighborhood with easy freeway access and close proximity to schools, shopping, dining, and everyday amenities, plus within driving distance to Yosemite National Park, adding even more appeal for long-term or potential short-term rental opportunities (buyer to verify). This property checks all the boxes for investors looking to expand their portfolio with a high-demand, multi-unit asset or for buyers looking to offset their mortgage through rental income. Opportunities like this don’t come often; add this to your investment portfolio or create your own house-hack strategy today!
INCREDIBLE INVESTMENT OPPORTUNITY! Two adjacent parcels—308, 310, 312 W. 20th St. and 1927, 1935, 1943 Martin Luther King Jr. Way—are being offered together, featuring a total of six units. This multi-family asset is located in a rapidly developing area within walking distance of revitalized Downtown Merced. It also offers convenient access to Merced College and University of California, Merced, as well as nearby public transportation, major freeways, and the planned high-speed rail station—making it highly attractive for tenants.The property consists of six 2-bedroom, 1-bathroom units, all currently tenant-occupied. Major upgrade already done! Roof is under 6 years old. One unit has been fully renovated, featuring fresh paint, new flooring, and a completely updated kitchen and bathroom. The property offers four covered parking spaces, along with ample street parking for tenants and guests. Both buildings sit on the same site under two separate parcel numbers, presenting flexibility and added value. This is an excellent candidate for a 1031 exchange. Don’t miss the chance to secure an income-generating property in one of Merced’s most promising growth areas. This is an opportunity you won’t want to overlook.
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.
Located at 2151 Martin Luther King Jr Way in Merced, California, this multi-family residence presents an attractive property in great condition. Imagine evenings spent in the living room, the fireplace casting a warm glow as you relax and unwind after a long day. The inviting ambiance encourages quiet reflection and provides a comfortable space for gathering. The kitchen features stone countertops, offering a durable and elegant surface for preparing meals and creating culinary masterpieces. This space is designed to be both functional and aesthetically pleasing, making it a joy to spend time in. The bathroom includes a walk-in shower, providing a practical and convenient space for your daily routine. This multi-family residence provides an incredible opportunity to own an attractive property in Merced, California.
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!
Great investment opportunity! Two-unit duplex, each unit 2 bed/1bath, located on a large 9,937 sqft lot. Each unit has a separate meter for gas and electrical, plus a shared water meter. One unit has been updated and is available to rent at own scheduled returned. Other unit has a long-term tenant. Both units have been well-maintained. Additional features included parking available in the alley and a fully fenced property. Large adjacent lot included with potential to build additional units.
This unique multi-family property sits on just under half an acre and features two homes on one lot, offering incredible potential for investment or multi-generational living. Both homes have been fully gutted, providing a blank canvas for you to design the interiors to your specifications. Each house is currently a two-bedroom, one-bathroom layout with ample space to add additional rooms, making it ideal for expansion. The generous lot size offers plenty of outdoor space for both properties, creating opportunities for additional parking, landscaping, or even future development. Whether you're looking to renovate both homes and rent them out, live in one and lease the other, or design your dream multi-family setup, this property presents endless possibilities. A rare find for even the most discerning buyer, it enjoys a prime location near shops, restaurants, grocery stores, and is just a few short minutes from both UC Merced and Merced JC.
Welcome to this unique opportunity featuring two homes on one lot, perfect for investors or extended families seeking additional space. The first home is a 3-bedroom, 1-bathroom unit currently undergoing a full renovation. Once complete, it will showcase new siding and upgraded interior finishes, providing a fresh and modern living experience. The second home is a beautifully remodeled 2-bedroom, 1-bathroom unit with a newly painted exterior. Inside, you'll find updated finishes, creating a warm and contemporary space that’s ready to move in. This property offers flexibility for living, renting, or future potential, all while being conveniently located close to local amenities. With the ongoing improvements, this is a great opportunity to make this dual-home property truly your own!
Merced is located in California. Merced, California has a population of 85,993. Merced is less family-centric than the surrounding county with 29.1% of the households containing married families with children. The county average for households married with children is 33.05%.
The median household income in Merced, California is $52,305. The median household income for the surrounding county is $58,861 compared to the national median of $69,021. The median age of people living in Merced is 29.6 years.
The average high temperature in July is 95.1 degrees, with an average low temperature in January of 37.1 degrees. The average rainfall is approximately 12.5 inches per year, with 0 inches of snow per year.
