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$2,100,000

$6,800Reward *

2790 N State Highway 59, Merced, CA 95348Listing ID 225148029

2790 N State Highway 59, Merced, CA 95348

Active

Last updated: May 19, 2026

Property Type

Residential Income

Property Sub Type

5 or More Units

Acres

0.41

Cooling

Central

Heating

Central

Year Built

1994

Stories

Parking

See Remarks

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.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MetroList

All data, content or information on this site, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by the listing broker/agent or MetroList Services, Inc. Information from sources other than the listing broker/agent may be included on this site, and, unless otherwise specified, has not been verified by the listing broker/agent or MetroList Services, Inc. All data, content or information on this site should be independently reviewed and verified for accuracy.

For corrections to this data please contact Brytecore MLS Support.

VUPPSONN

2790 N State Highway 59, Merced, CA 95348

Market Report for 95348

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