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.
Active
Price cut: $45K (6/3)
$1,165,000
1962 Edwards Ave, Merced, CA 95340
16beds
6,800sqft
5 or More Units
Built in 1979
-- sqft lot
$-- Zestimate®
$171/sqft
$-- HOA
What's special
Comfortable living spacesSizable bedroomsFunctional floor plans
- 175 days |
- 114 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Armando Diaz DRE #01496803 209-383-3000,
Soldavi Inc.,
Emanuel Gutierrez DRE #02103022 209-531-3830,
Soldavi Inc.
Source: MetroList Services of CA,MLS#: 226021572Originating MLS: MetroList Services, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Free-Standing Refrigerator, Free-Standing Electric Oven
- Laundry: Common Area, Laundry Closet
Features
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 0
- Total interior livable area: 6,800 sqft
Property
Parking
- Total spaces: 14
- Parking features: Open, Carport, Uncovered, Guest
- Carport spaces: 8
- Uncovered spaces: 6
Features
- Exterior features: Yard Space
- Fencing: Fenced
Lot
- Size: 0.37 Acres
- Features: Curb(s), Landscape Back, Landscape Front
Details
- Parcel number: 034230002000
- Zoning: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 or More Units
Materials
- Stucco, Frame
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1979
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electric
Community & HOA
Location
- Region: Merced
Financial & listing details
- Price per square foot: $171/sqft
- Tax assessed value: $652,775
- Annual tax amount: $7,271
- Price range: $1.2M - $1.2M
- Date on market: 2/25/2026
- Tenant pays: Electricity, Gas
- Income includes: Laundry
Estimated market value
Not available
Estimated sales range
Not available
$1,219/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Price change | $1,165,000-3.7%$171/sqft |
Source: MetroList Services of CA #226021572 Report a problem | ||
| 5/8/2026 | Price change | $1,210,000-3.2%$178/sqft |
Source: MetroList Services of CA #226021572 Report a problem | ||
| 4/1/2026 | Price change | $1,250,000-3.8%$184/sqft |
Source: MetroList Services of CA #226021572 Report a problem | ||
| 2/25/2026 | Listed for sale | $1,300,000+130.1%$191/sqft |
Source: MetroList Services of CA #226021572 Report a problem | ||
| 12/30/2016 | Sold | $565,000-16.9%$83/sqft |
Source: Public Record Report a problem | ||
| 6/9/2005 | Sold | $680,000+130.5%$100/sqft |
Source: Public Record Report a problem | ||
| 3/30/2001 | Sold | $295,000$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,271 +5.7% | $652,775 +2% |
| 2024 | $6,876 +1.4% | $639,982 +2% |
| 2023 | $6,781 +1.3% | $627,470 +2% |
| 2022 | $6,693 +0.2% | $615,144 +2% |
| 2021 | $6,679 -0.8% | $603,089 +1% |
| 2020 | $6,732 +1.5% | $596,909 +2% |
| 2019 | $6,632 +9.6% | $585,242 +2% |
| 2018 | $6,053 -3.7% | $573,744 +2% |
| 2017 | $6,282 +43.2% | $562,500 +44.1% |
| 2016 | $4,386 +13.3% | $390,300 +4% |
| 2015 | $3,872 | $375,330 +8.7% |
| 2014 | $3,872 +25.9% | $345,330 +23.2% |
| 2013 | $3,077 | $280,330 +7.7% |
| 2012 | -- | $260,330 -37% |
| 2011 | -- | $413,440 +0.8% |
| 2010 | -- | $410,353 -0.2% |
| 2009 | -- | $411,327 +2% |
| 2008 | -- | $403,269 +2% |
| 2007 | -- | $395,369 +2% |
| 2006 | -- | $387,624 +21.6% |
| 2005 | -- | $318,873 +2% |
| 2004 | -- | $312,658 +1.9% |
| 2003 | -- | $306,935 +2% |
| 2002 | -- | $300,894 +32.8% |
| 2001 | -- | $226,500 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 95340
Nearby schools
GreatSchools rating
- 4/10Charles Wright Elementary SchoolGrades: K-6Distance: 0.7 mi
- 5/10Herbert Hoover Middle SchoolGrades: 7-8Distance: 1 mi
- 4/10Golden Valley High SchoolGrades: 9-12Distance: 0.5 mi
- $1,165,00016 bd8 ba6.8k sqft1962-1976 Edwards Ave, Merced, CA 95340For Sale
- $--2 bd1 ba-- sqft1962 Edwards Ave #3, Merced, CA 95340Off Market
- $--2 bd1 ba-- sqft1962 Edwards Ave APT 4, Merced, CA 95340Off Market
- $1,0952 bd1 ba850 sqft1976 Edwards Ave #1, Merced, CA 95340For Rent
- $--2 bd1 ba-- sqft1976 Edwards Ave APT 3, Merced, CA 95340Off Market
- $--2 bd1 ba850 sqft1976 Edwards Ave APT 4, Merced, CA 95340Off Market
- $330,0005 bd2 ba1.1k sqft2000 Edwards Ave, Merced, CA 95340Sold
- $281,9003 bd2 ba1.1k sqft2020 Edwards Ave, Merced, CA 95340Off Market
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