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2790 N State Highway 59 Merced, CA $ 2,250,000
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2790 N State Highway 59
$ 2,250,000
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2790 N State Highway 59

Merced, CA, 95348
$ 2,250,000
Bedrooms2 Baths1.0

Monthly Estimate*

$ 14,037

2790 N State Highway 59, Merced, CA 95348 - Image 1
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2790 N State Highway 59, Merced, CA 95348 - Image 8
2790 N State Highway 59, Merced, CA 95348 - Image 9
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Multi-Family Home for sale in Merced, CA

for $2,250,000 with 2 bedrooms and 1 full bath. This home was built in 1994 on a lot size of 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.

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Multi-Family Active

Price

$ 2,250,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

5 or More Units

Lot Size

0.414

Year Built

1994

Town/City

Merced

County/Region

Merced

MLS | Web ID

225148029
Features
General
Sewer Public Sewer
Heating Central
Cooling Central
Utilities City
Unit 4 Rent 0
Unit 2 Rent 0
Unit 3 Rent 0
Unit 1 Rent 975
HOA Fee 0
Garage Spaces 0.0
Construction Materials Wood
Year Built 1994
Stories Count 2
Property Subtype 5 or More Units
Elevation 0
County Merced
Property Type ResidentialIncome
HOA N
Total Rooms 0
Close Price 0.0
Status Active
Directions USE GPS
City Merced
High School District Merced Union High
Zoning Description R3
Open Parking Spaces 0.0
Number Of Units Total 12
MLS Area 20407
Lot Size Square Feet 18034.0
Carport Spaces 0.0
Ok to Lease Month To Month
Standard Status Active
Middle/Junior School District Merced City
Elementary School District Merced City
Year Built Source Other
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Interior
Flooring See Remarks
Total Stories 2
Unit 1 Full Baths 1
Unit 2 Full Baths 0
Unit 3 Full Baths 0
Unit1Bedrooms 2
Unit3Bedrooms 0
Laundry Features Other
Unit 1 Bedroom Units Total 0
Unit 2 Bedroom Units Total 12
Unit 3 Bedroom Units Total 0
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Exterior
Parking Features See Remarks
Lot Features Other
Water Source Public
Total Parking 15.0
Foundation Details Other
Number of Buildings 2
Lot Size Acres 0.414
Lot Size Source Assessor Auto-Fill
Covered Spaces 0.0
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Internal Only
Street Number 1 2790
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* Excluded Features
List By
Adroit Real Estate

Broker

Sonny@Uppalre.com

Email

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$14,037
Per Month
100%
0%
0%
Monthly Principal & Interest
$14,037
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3193768 Elementary School
3193616 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
12/1/2025 $2,250,000 Listed Price

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2790 N State Highway 59, Merced, CA, 95348 is a Multi-Family Home for sale at $2,250,000 with a lot size of 0.414. 2790 N State Highway 59 has 2 bedrooms, 1.0 baths, and was built in 1994. The property's zip code is 95348 which is in Merced, CA

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