Q Street
Merced, CA 95340
This duplex property in Merced is a turnkey investment opportunity, conveniently located in the heart of Merced. Both units have recently undergone renovations, ensuring their modern appeal. One unit is currently vacant, while the other is already occupied, highlighting the high demand for rental properties in this college town. The current capitalization rate (CAP) stands at 6.15%, but with a projected rental median analysis of $1300 per unit, the potential pro forma CAP rate reaches an enticing 8.56%. Moreover, this property presents the possibility of converting the garages into additional units, with the city confirming the option to add an ADU on the spacious lot. Covered parking, as well as two garages, provide ample space for vehicles. Separate gas and electric meters for each unit,
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| W 19th Street, Merced, CA, 95340 | $625,000 | -- | -- | -- | |
| Martin Luther King Jr Way, Merced, CA, 95340 | $499,900 | -- | -- | 2,004 | 2,004 SqFt |
| Q Street, Merced, CA, 95340 | $392,000 | -- | -- | 960 | 960 SqFt |
| 1999 Highland Drive, Merced, CA, 95340 | $379,000 | 2 | 2 | -- | |
| 308 W 20th St, Merced, CA, 95340 | $1,350,000 | -- | -- | -- | |
| W 20th Street, Merced, CA, 95340 | $350,000 | -- | -- | 1,484 | 1,484 SqFt |
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Nearby For Sale
ByOwner last updated this listing 08/16/2026 @ 22:23
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