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$1,195,000 Just Listed
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Property Description
very clean and well maintained 7-unit multifamily investment opportunity in Hilmar, CA. Sale offering includes a two story fourplex and one story triplex each on separate parcels, covered parking, and six on site storage units for added income potential. Situated on a total combined 18,748 SF across two legal parcels and two separate buildings, the property offers a desirable unit mix of four 2-bedroom/1.5-bath units and three 2-bedroom/1-bath units with private backyards. The investment presents pride of ownership curb appeal, with clean landscaping, quality roofs, and solid bones throughout. Each unit is equipped with central heating and air, adding to tenant comfort and appeal. Property has been kept in great working order, offering a new investor a turnkey asset with minimal maintenance to worry about heading into ownership. Currently generating $108,468 in annual income with room to grow to a proforma total of $136,068, this property presents an attractive value add opportunity for investors. At the proforma level, the property delivers a strong 8.16% cap rate, with rents still below market and clear upside as units turn over. Ideally located in the desirable small town of Hilmar near local schools, retail, and dining, this is a rare opportunity to acquire a well maintained multifamily asset with immediate cash flow and excellent long term upside.
Full Property Details
Full Property Details for 20041 Carol Dr
General
- Price: $1,195,000
- Status: Active
- Type: Single Family
- Source: METROLIST_Cali
- MLS ID: 226087951
- Updated: 7/10/2026
- Added to Site: Today
Interior
- Flooring: Carpet, Varies by Unit
Rooms
Other Rooms
- Laundry: Coin Operated, In Common Area
Parking
- Total Spaces: 7
- Parking: Covered
Location
- Area: 20417
- County: Merced
- Cross Streets: Hwy 165
- Driving Directions: Hwy 165 to Carol Dr to address
School Information
- School District: Merced
- Elem School District: Hilmar Unified
- Midd School District: Hilmar Unified
- High School District: Hilmar Unified
Heating & Cooling
- Cooling Type: Central
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Connected
Structural Information
- Construction: See Remarks
- Foundation: Slab
- Stories/Levels: 2
- Square Feet: 6,444
- Year Built: 1968
Unit Information
Unit 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.43
- Lot Size (Sq. Ft.): 18,731
- Irrigation System: None
- Zoning: R-3
- Lot Description: Cul-De-Sac
Disclosures and Reports
- Special Conditions: None
- APN: 015-130-003-000
Listed by PMZ Commercial Real Estate
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Schools
Schools serving 20041 Carol Dr
School District:Hilmar Unified School District
| Name | Grades | Distance |
|---|---|---|
Elim Elementary School 7677 Lander Avenue, Hilmar, CA 95324 | K-5 | 0.4 mi |
Merquin Elementary School 20316 3rd Avenue, Stevinson, CA 95374 | K-5 | 5.3 mi |
Hilmar Middle School 7528 Scholar Way, Hilmar, CA 95324 | 6-8 | 0.6 mi |
Hilmar High School 7807 Lander Avenue, Hilmar, CA 95324 | 9-12 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 20041 Carol Dr
Date
Details
Price
Change
Source
7/10/2026
Listed
$1,195,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 20041 Carol Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,416
2%
$125,671
2%
2024
$1,394
3%
$123,230
2%
2023
$1,357
1%
$120,838
2%
2022
$1,339
2%
$118,492
2%
2021
$1,317
—
$116,192
1%
2020
$1,311
1%
$115,013
3%
2019
$1,300
9%
$111,631
2%
2018
$1,196
2%
$109,443
2%
2017
$1,171
2%
$107,298
2%
2016
$1,149
1%
$105,195
2%
2015
$1,136
2%
$103,616
2%
2014
$1,110
—
$101,587
-1%
2013
$1,112
—
$102,278
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 20041 Carol Dr
20041 Carol Drive, Hilmar, CA 95324 (MLS# 226087951) is a Single Family property with 0 bedrooms and 0 full bathrooms. 20041 Carol Drive is currently listed for $1,195,000 and was received on July 10, 2026. Want to learn more about 20041 Carol Drive? Do you have questions about finding other Single Family real estate for sale in Hilmar? You can browse all Hilmar real estate or contact a Coldwell Banker agent to request more information.

