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$2,520,000
$2,520,000
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11,900 SqFt
SOLD DATE : 11/07/2025
Key Details
Sold Price $2,520,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 11,900 sqft
Price per Sqft $211
MLS Listing ID 225127207
Sold Date 11/07/25
HOA Y/N No
Year Built 1955
Lot Size 1.380 Acres
Acres 1.38
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
The U Street Duplexes - a tranquil 14-unit community situated on 1.38 acres in Merced, CA. Originally constructed in 1955 and thoughtfully renovated in phases thereafter, the property features a unit mix of thirteen (13) two-bedroom, one-bathroom units (800 SF) and one (1) three-bedroom, two-bathroom unit (1,500 SF). Current ownership has made substantial upgrades upon unit turnover, including stainless steel appliances, luxury vinyl plank flooring, fresh paint, modern fixtures, and updated bathrooms. Each unit offers in-demand amenities such as washer/dryer hookups, individual hot water heaters, private backyards, and carport-covered parking all highly valued by today's renters. Recent leases have been signed above $1,600, offering a clear path for a new owner to bring legacy tenants up to market and achieve a strong, stabilized yield with minimal capital outlay.
Location
State CA
County Merced
Area 20407
Direction W 19th St and U St.
Rooms
Other Rooms Unit-1 Approx SqFt: 800 Bedrooms: 2 Full Baths: 1 Rent: 1480 SqFt Source: Not Measured
Interior
Heating Central, Fireplace(s)
Cooling Central
Flooring Tile, Laminate, Vinyl
Laundry In Each Unit, Washer/Dryer Hookups
Exterior
Parking Features Off Street, Carport
Utilities Available Electric
Water Access Desc Public
Roof Type Flat
Topography Level
Total Parking Spaces 14
Building
Lot Description Sidewalk, Landscape Front
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Merced River
Middle Schools Merced City
High Schools Merced Union High
School District Merced
Others
Senior Community No
Tax ID 031-013-011-000
Special Listing Condition None
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