Excellent Merced 4-Unit Investment Opportunity Don’t miss this well-maintained four-unit apartment complex in Merced, offering an excellent opportunity for investors looking to expand their rental portfolio or enter the multifamily market. The property features four comfortable 2-bedroom, 1-bath units, with each unit offering a practical layout and essential amenities including a gas stove, refrigerator, wall/window A/C, and additional storage. Conveniently located near Downtown Merced, the property provides easy access to shopping, dining, public transportation, and UC Merced, making the location attractive to a variety of renters, including students, professionals, and families. The property sits on approximately 7,504 square feet and includes four separate gas meters and four separate electric meters. With four 2-bedroom, 1-bath units and strong rental potential, this property offers a great opportunity to own a multifamily asset in an established Merced location.
Central Merced, located between Bear Creek and Yosemite Avenue, is a historic and civic Merced neighborhood with a courthouse core and a walkable grid. The neighborhood’s character concentrates around Main Street and W 16th Street, where coffee counters, taquerias, small galleries, and late-day foot traffic set the tempo. Downtown’s early-20th-century storefronts and shaded residential blocks give the area a classic Central Valley streetscape. The Merced County Courthouse anchors the civic feel, while the Merced Theatre adds marquee-lit culture. The Multicultural Arts Center and the Merced County Courthouse Museum reinforce a local-history thread. Parks and creekside paths add breathing room between errands and events.
Provided by Walk Score and Local Logic
Offer insights
60 E 12th · $630,000
$630K and above
75% chance or better to win
Why $630K+ is a strong offer
DAYS ON MARKET
11 days
The average home goes pending in 58 days.
SALE-TO-LIST
97.8%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
One-level home
Front entry
Bedrooms
Units include 2 bedrooms each
Bathrooms
Units include 1 full bathroom each
Laundry & utility
Laundry area in unit
Heating & cooling
Wall/window cooling
Exterior features
No pool
Sidewalks
Home design
Attached property
Single-story building
Front entry
Construction
One building containing 4 units
Built year per assessor
Utilities
Public sewer
District/public water
One separate water meter
Five separate gas meters
Five separate electric meters
Financial info
Total building area 3,000
Gross scheduled income $59,820
Gross income $52,680
Net operating income $52,680
Operating expenses $7,140 (includes $2,500 insurance and $4,140 trash)
Tenants pay gas and electricity
Unit rents: one unit $1,210; two units $1,250 each; one unit $1,275
Other
Total of 4 dwelling units
Two or more common walls
One building on the parcel
Lot size recorded from assessor's data (6500–9999)
Electricity and solar
View estimated energy costs and solar savings for this home
Don’t miss this excellent investment opportunity! This well-maintained 4-unit apartment complex features four 2-bedroom, 1-bath units, each offering comfortable living spaces ideal for renters. Every unit includes a gas stove, refrigerator, and wall A/C, providing essential amenities for year-round comfort. Additional features include a security door for added peace of mind and a hallway closet for extra storage. Conveniently located just minutes from Downtown Merced, this property is close to shopping, dining, public transportation, and offers easy access to UC Merced, making it highly desirable for students, professionals, and families alike. Whether you’re looking to expand your portfolio or start investing in rental properties, this is a solid opportunity with great rental potential.
CRMLS #MC23172717
Oct 19, 2023
Sold
$410,000
$137/sq ft
Oct 6, 2023
Pending
—
Sep 25, 2023
Listed
$350,000
$117/sq ft
Great Investment Opportunity, 4 Unit Apartment, 2 Bedroom 1 bath each apartment, security door, closet in hallway, all have gas stoves, and Refrigerator, Evaporative cooler on roof.
Public Records
Jul 27, 1988
Sold
$80,000
$27/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,658 (+5.7%)
$105,000 + $422,500
$527,500
2024
$4,405 (+174.1%)
$96,900 + $319,260
$416,160
2023
$1,607 (+1.3%)
$95,000 + $313,000
$408,000
2022
$1,586 (+2.5%)
$27,043 + $115,425
$142,468
2021
$1,548 (−0.7%)
$26,513 + $113,162
$139,675
2020
$1,559 (+1.5%)
$25,994 + $110,944
$136,938
2019
$1,536 (+9.6%)
$25,728 + $109,807
$135,535
2018
$1,402 (−3.2%)
$25,224 + $107,654
$132,878
2017
$1,449 (+1.6%)
$24,246 + $103,475
$127,721
2016
$1,426 (+1.6%)
$24,246 + $103,475
$127,721
2015
$1,404 (+2.1%)
$23,771 + $101,447
$125,218
2014
$1,375 (+2.8%)
$22,956 + $97,967
$120,923
2013
$1,337 (+1.5%)
$22,956 + $97,967
$120,923
2012
$1,318 (+0.1%)
$22,853 + $97,525
$120,378
2011
$1,317 (+2.7%)
$22,405 + $95,613
$118,018
2010
$1,281 (+3.4%)
$21,966 + $93,739
$115,705
2009
$1,239 (+3.0%)
$21,802 + $93,039
$114,841
2008
$1,203
$21,853 + $93,260
$115,113
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
7,504 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,000
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,000
Year built
1977
Style
Other
County
Merced County
APN
035032004000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
R-3-1.5
Medium Density Residential-1.5 District
The R-3 zoning district provides an area for a full range of residential uses, including single-family dwellings, duplex homes, multi-family dwellings, single room occupancy housing, and other land uses typically compatible with a medium density residential setting. The R-3 zoning district R-3-1.5 allowing for a range of permitted residential densities.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Infrastructure
Office-Other
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
34 unhealthy days expected this year, 35 days in 30 years
Provided by First Street
Historical weather
Merced, CA • 95341
Average low and high temperatures (°F)
59
39
64
45
72
48
74
49
84
55
92
61
93
61
96
64
91
62
80
54
64
46
55
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 60 E 12th
$621,701
$8,299 under list price of $630K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $331K to $460K.