14 unit apartment complex. 2 one bedroom one bath units renting for $1050 market rent is $1200. 4 two bedroom one bath units renting for $1300 market rent is $1400. 8 three bedroom one bath units renting for $1400 market rent is $1600. All units have their own laundry rooms. Complex is downtown across from Amtrak station and a easy walking distance to shopping, schools, parks and train station. Four units are currently vacant.
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.
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.
Merced is located in California. Merced, California 95340has a population of 85,993. Merced 95340 is less family-centric than the surrounding county with 28.75% 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 95340 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 95340 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.
