Broadway Avenue
Atwater, CA 95301
6,160Sqft(Lot)
Acres (Lot)
--Positioned in the heart of Downtown Atwater, 1241 Broadway offers a compelling investment opportunity with stable income and clear upside. The property includes three upgraded 2-bedroom units (840 SF each), one studio (560 SF), and a 3,080 SF retail space currently leased to Furniture One. Recent renovations such as new flooring, kitchens, and bathrooms, minimize near-term capital needs. Residential rents range from $1,450-$1,650 for the two-bedrooms and $1,150 for the studio, below current market averages. This creates potential for increased income through natural turnover and active management. With strong Broadway frontage, a diversified income stream, and long-term value-add potential, 1241 Broadway is well-suited for both first-time investors and experienced operators looking t
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Sewer: Public Sewer -
Flooring Information
See Remarks -
Interior Features
Laundry Features: Other -
Heating & Cooling
Heating: See Remarks Cooling: See Remarks WaterSource: Meter on Site
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Building Information
Year Built: 1920 Stories: 2 Construction Materials: Brick, Wood Foundation Details: SeeRemarks -
Exterior Features
Foundation Details: SeeRemarks -
Laundry Features
Other
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Lot Information
Lot Description: None Lot Square Feet: 4,356 Stories: 2 Main Square Feet: 6,160Property Information
Property Type: ResidentialIncome Sub Type: 5 or More Units SQ ft (Living Area): 6,160 Construction Materials: Brick,Wood Property Age: 106 Cross Street: Third Street Source Neighborhood: 20405 Postal Code Plus 4: 4328 Area: Atwater S: 95301 Zoning: Downtown Business District Structure Type: Apartments,Mixed UseFarm Info
Irrigation Source: See Remarks
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Listing Price Information
Listing Id: 225122142 List Price: $1,250,000 List Price Tot SqFt: $203
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Tax Information
Parcel Number: 002-212-006
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Parking Information
Parking Total: 5 See Remarks
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Elementary School District: Merced CityJunior High School District: Merced RiverSenior High School District: Merced Union High
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Utility Information
Sewer Connected, City, Electric, Other -
Location Information
Direction: Travelling east on HWY 99, take Exit 195 onto Bell Ln. When Bell Ln turn into Bell Dr, take left and then take another immediate left onto Applegate Rd. Continue north on Applegate Rd for .25 Miles and then make a right onto Atwater Blvd. Turn left onto 4th st and then take a right onto Broadway Ave. The property will be on your left.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| White Crane Rd, Atwater, CA, 95301 | $220,000 | -- | -- | -- | Acres (Lot)-- |
| S Bert Crane Road, Atwater, CA, 95301 | $4,543,000 | -- | -- | -- | Acres (Lot)-- |
| Clover Avenue, Atwater, CA, 95301 | $1,100,000 | -- | -- | -- | Acres (Lot)-- |
| Trindade Road, Atwater, CA, 95301 | $990,000 | -- | -- | -- | Acres (Lot)-- |
| White Crane Road, Atwater, CA, 95301 | $220,000 | -- | -- | -- | Acres (Lot)-- |
| Kelly Court, Atwater, CA, 95301 | $170,000 | -- | -- | -- | Acres (Lot)-- |
| Heather Glen Lane, Atwater, CA, 95301 | $135,900 | -- | -- | -- | Acres (Lot)-- |
| Sycamore Avenue, Atwater, CA, 95301 | $195,000 | -- | -- | -- | 14,540.33 Sqft(Lot) |
| W Cardella Road, Atwater, CA, 95301 | $219,000 | -- | -- | -- | Acres (Lot)-- |
| Sycamore Avenue, Atwater, CA, 95301 | $199,999 | -- | -- | -- | Acres (Lot)-- |
Similar Land To Broadway Avenue
Nearby For Sale
ByOwner last updated this listing 06/08/2026 @ 19:12
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