Home | Merced County | Merced | 95348 | 2790 N State Highway 59
MLS: ME225148029 | Status: | Price: $2,250,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 0 | 0.414 | – |
Presenting 2790 N. State Highway 59, a well-maintained 12-unit multifamily property built in 1994. Each unit features a desirable 2-bedroom, 1-bathroom layout with strong rental appeal and stable occupancy. The property currently generates $12,525 per month, averaging approximately $1,043 per unit, with nine scheduled rent increases raising projected gross income to $13,425 per month. Located just 14 minutes from UC Merced with convenient Highway 99 access, this asset sits in a growing rental corridor with strong demand. With local market rents around $1,500 per unit, this property offers meaningful value-add potential and reflects an attractive 7% pro forma cap rate, making it an excellent opportunity for investors seeking upside in a stable asset class.
| Field | Value |
|---|---|
| MLS # | ME225148029 |
| MLS Source | MetroList Services, Inc. |
| Days on Site | 152 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Flooring | Other |
| Cooling | Central Forced Air |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Foundation | Other |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| High School District | Merced Union High |
| Sewer | Public Sewer |
| Water | Public |
| HOA Fee | $0 |
| Zoning | R3 |
Sonny Uppal
Adroit Real Estate
License #: 02108475
Phone: (209) 585-6349
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 12 | 12 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 0 | 2 | 1/0 | $975 | – | – |
School data provided by GreatSchools.org
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This listing information is up-to-date as of December 01, 2025. For the most current information, please contact Sonny Uppal, (209) 585-6349.