149-163 W 11th St - Apartments FOR SALE


Merced, CA 95341
$930,000 USD
209-471-6358
149-163 W 11th St, Merced, CA for Sale
$930,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

149-163 W 11th St
Merced, CA 95341


HIGHLIGHTS

  • Seller Financing Available: Flexible, negotiable terms for qualified buyers—offering an alternative to traditional lending with no bank fees, and etc.
  • Value-Added Opportunity: Potential to increase rental income by raising rents to market levels.
  • Utility Savings Opportunity: Investors can implement a Ratio Utility Billing System (RUBS) to improve utility cost recovery and increase return.
  • Competitive Pricing: Sale price is below replacement cost, offering significant value.

OVERVIEW

Introducing an 8-unit multifamily investment opportunity in the heart of Merced! Located at 149 W 11th Street, this asset consists of (6) studio units and (2) one-bedroom units. Built in 1978 and updated over time, the property features on-site laundry, secured parking, and controlled entry with perimeter fencing, offering both convenience and peace of mind for tenants. The building is currently occupied by long-term tenants paying below-market rents, creating a clear value-add opportunity through rent adjustments. Seller financing is available, with negotiable terms for qualified buyers—offering a flexible structure without the burden of lender fees, strict underwriting, less strict insurance requirements, or prolonged closing timelines. This makes it an attractive path to acquisition for buyers looking to avoid traditional lending constraints. This is an excellent opportunity for investors seeking stable cash flow and strong upside potential in one of Merced’s most active rental corridors. Located just off the signalized intersection of W 11th Street and Martin Luther King Jr. Way, this property offers a strategic infill location in a high-demand rental market with direct access to Highway 99. The property is surrounded by major national retailers—including Costco, Smart & Final, Walgreens, Home Depot, and Chevron—and walkable to top-performing quick-service restaurants like In-N-Out, Starbucks, Taco Bell, and Popeyes. This dense commercial and residential corridor drives consistent tenant demand, while proximity to schools, parks, and employment centers enhances long-term occupancy and rental growth potential. With strong fundamentals and proven neighborhood stability, this location is well-positioned for steady cash flow and future appreciation.

FOR SALE DETAILS

PRICE

$930,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

8

PRICE/UNIT

$116,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 UNITS | SELLER FINANCING AVAILABLE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,423 SF

ZONING

R-4

APN/PARCEL ID

031-342-015

ASK ABOUT THIS PROPERTY

Andy Le, M.B.A. | CCIM CandidateFirst Commercial Real EstateMore Info
209-471-6358

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Andy Le, M.B.A. | CCIM CandidateFirst Commercial Real EstateMore Info
209-471-6358

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.