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
- 123 days |
- 195 |
- 8 |
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.
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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
Features
- Flooring: Tile
- Has fireplace: No
Interior area
- Total interior livable area: 6,800 sqft
Property
Parking
- Total spaces: 14
- Parking features: Open, Carport, Uncovered, Guest
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Exterior features: Yard Space
- Fencing: Fenced
Lot
- Size: 0.37 Acres
Details
- Parcel number: 034230002000
- Zoning description: R-2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5 or More Units
Materials
- Stucco, Frame
- Roof: Composition
Condition
- Year built: 1979
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
Estimated market value
Not available
Estimated sales range
Not available
$1,401/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 | -- | $226,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
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
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- California
- Merced County
- Merced
- 95340
- 1962 Edwards Ave
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