940 K Merced, CA ^$ 1,495,000

940 K

^$ 1,495,000

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Recently Listed

940 K

Merced, CA, 95341

^$ 1,495,000

Bedrooms-- Baths1.1 Sq 8,640

Monthly Estimate*

^$ 9,440

Listed by Ernesto Ochoa, Keller Williams Property Team, ernieochoa15@gmail.com

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Multi-Family Home for sale in Merced, CA

for $1,495,000 with 1 full bath, 1 half bath. This 8,640 square foot home was built in 1979 on a lot size of 0.3606.

Well-maintained 10-unit multifamily investment opportunity in an established Merced location. Built in 1979, the property consists of two buildings with five units each, offering an attractive unit mix of all 2-bedroom, 1.5-bath, two-level townhome-style units. Features include newer HVAC units and a wrought-iron privacy gate providing controlled access to the property. The property has an excellent rental history and offers a desirable combination of functional floor plans, townhouse-style living, onsite laundry, storage units and established tenant demand. Conveniently located directly across from McNamara Community Park and soccer fields, and just minutes from the Merced County Fairgrounds, Highway 99 and Highway 59. An excellent opportunity for an investor seeking a well-located multifamily property with a proven rental history.

Multi-Family Active

Price

^$ 1,495,000

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.3606

Year Built

1979

Town/City

Merced

County/Region

Merced

MLS | Web ID

MC26208516

Days on Market

Features

General

Sewer Public Sewer

Heating Central

Cooling Central Air

Possession See Remarks

Zoning R-3-1.5

HOA Fee 0

Garage Spaces 0

Pool Features None

Year Built 1979

Stories Count 2

Levels Two

Property Subtype Apartment

Gross Income 128668

Community Features Street Lights Sidewalks Park

County Merced

Net Operating Income 86020

Operating Expense 42848

Insurance Expense 11500

New Construction false

Property Type Residential Income

HOA false

Contingency None

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions From Martin Luther King Jr. Way turn onto W 11th St turn left on K St.

City Merced

Entry Location 1

Senior Community Y/N false

Number Of Units Total 10

Lot Size Units Square Feet

Lot Size Square Feet 15707

Number of Units Leased 10

Listing Terms Cash Cash to New Loan

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 490

Fuel Expense 319

Trash Expense 0

Water Sewer Expense 12204

Additional Parcels Y/N false

Rent Control Y/N true

Virtual Tour https://app.box.com/s/3uh7drlzi0jdzuzhy9hdi1v0gp21v4ei

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 1

Property Sub Type Additional Apartment

Cap Rate 5.8

Interior

Interior Amenities All Bedrooms Up

Total Stories 2

Common Walls 2+ Common Walls

Air Conditioning Y/N true

Heating Y/N true

Laundry Features Laundry Room

Entry Level 1

Exterior

Fencing Wood Wrought Iron

Parking Features Assigned

Lot Features Near Park Rectangular Lot

Water Source Public

Total Parking 12

Lot Size Area 15707

Foundation Details Slab

Number of Buildings 2

Building Area Total 8640

Lot Size Acres 0.3606

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 11

Number of Separate Electric Meters 11

* Excluded Features

List By

Ernesto Ochoa

Listing Agent

Keller Williams Property Team

Broker

ernieochoa15@gmail.com

Affordability Calculator

$9,440

Per Month

Monthly Principal & Interest: $9,440
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Merced, CA

Average List Price ^$859,671

Percent of Sale Price 42%

About Merced, CA

84,061 Population

29% Since 2002

^$39,961 Median Income

31.46 Median Age

38% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/25/2026	$1,495,000		Listed Price

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940 K, Merced, CA, 95341 is a Multi-Family Home for sale at $1,495,000 with 8,640 sqft and a lot size of 0.3606. 940 K has 1.1 baths and was built in 1979. The property's zip code is 95341 which is in Merced, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 9/28/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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940 K

Multi-Family Home for sale in Merced, CA

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