For sale

Listing Provided by: Soldavi Inc.

Price cut: $50K (4/1)

$1,250,000

1962 Edwards Ave, Merced, CA 95340

16beds

8baths

6,800sqft

Est.:

Mixed Use

Built in 1979

-- sqft lot

$-- Zestimate^®

$184/sqft

$-- HOA

What's special

Comfortable living spacesSizable bedroomsFunctional floor plans

Exceptional investment opportunity in Merced, CA! This well-maintained 8-unit apartment building features (8) spacious 2-bedroom, 1-bathroom units, each approximately 850 square feet. The property offers a strong unit mix that appeals to long-term tenants, making it an ideal addition to any investor’s portfolio. Each unit provides functional floor plans with comfortable living spaces, sizable bedrooms, and practical layouts designed for everyday living. With consistent rental demand in the Merced area and proximity to shopping, schools, public transportation, and UC Merced, this property is well-positioned for stable occupancy and future growth. Whether you’re looking to expand your portfolio or complete a 1031 exchange, this multi-family asset offers solid income potential in a growing Central Valley market.

37 days

403

12

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 16
Bathrooms: 8

Heating

Central

Cooling

Central Air

Appliances

Included: Electric Range, Refrigerator, Dryer, Washer
Laundry: Common Area, Laundry Closet

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 6,800
Total interior livable area: 6,800 sqft

Property

Parking

Total spaces: 14
Parking features: Assigned, Asphalt, Concrete, Carport, Guest
Carport spaces: 8
Uncovered spaces: 6

Features

Entry location: 1
Pool features: None
Fencing: Wood,Wrought Iron
Has view: Yes
View description: Neighborhood

Lot

Size: 0.37 Acres
Features: Back Yard, Landscaped

Details

Parcel number: 034230002000
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Materials

Frame, Stucco
Foundation: Slab
Roof: Composition

Condition

New construction: No
Year built: 1979

Utilities & green energy

Electric: 220 Volts
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Curbs, Street Lights
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Location

Region: Merced

Financial & listing details

Price per square foot: $184/sqft
Tax assessed value: $652,775
Annual tax amount: $7,271
Date on market: 2/25/2026
Cumulative days on market: 37 days
Listing terms: Cash,Conventional,1031 Exchange
Tenant pays: Electricity, Gas

Estimated market value

Not available

Estimated sales range

Not available

$1,161/mo

Price history

Date	Event	Price
4/1/2026	Price change	$1,250,000-3.8%$184/sqft
Source: MetroList Services of CA #226021572 Report a problem
2/25/2026	Listed for sale	$1,300,000+130.1%$191/sqft
Source: MetroList Services of CA #226021572 Report a problem
12/30/2016	Sold	$565,000-16.9%$83/sqft
Source: Public Record Report a problem
6/9/2005	Sold	$680,000+130.5%$100/sqft
Source: Public Record Report a problem
3/30/2001	Sold	$295,000$43/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,271 +5.7%	$652,775 +2%
2024	$6,876 +1.4%	$639,982 +2%
2023	$6,781 +1.3%	$627,470 +2%
2022	$6,693 +0.2%	$615,144 +2%
2021	$6,679 -0.8%	$603,089 +1%
2020	$6,732 +1.5%	$596,909 +2%
2019	$6,632 +9.6%	$585,242 +2%
2018	$6,053 -3.7%	$573,744 +2%
2017	$6,282 +43.2%	$562,500 +44.1%
2016	$4,386 +13.3%	$390,300 +4%
2015	$3,872	$375,330 +8.7%
2014	$3,872 +25.9%	$345,330 +23.2%
2013	$3,077	$280,330 +7.7%
2012	--	$260,330 -37%
2011	--	$413,440 +0.8%
2010	--	$410,353 -0.2%
2009	--	$411,327 +2%
2008	--	$403,269 +2%
2007	--	$395,369 +2%
2006	--	$387,624 +21.6%
2005	--	$318,873 +2%
2004	--	$312,658 +1.9%
2003	--	$306,935 +2%
2002	--	$300,894 +32.8%
2001	--	$226,500