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$2,250,000

  • For Sale
  • Active
  • Multi-Family
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Presenting 2790 N. State Highway 59, a well-maintained 12-unit multifamily property built in 1994. Each unit features a desirable 2-bedroom, 1-bathroom layout with strong rental appeal and stable occupancy. The property currently generates $12,525 per month, averaging approximately $1,043 per unit, with nine scheduled rent increases raising projected gross income to $13,425 per month. Located just 14 minutes from UC Merced with convenient Highway 99 access, this asset sits in a growing rental corridor with strong demand. With local market rents around $1,500 per unit, this property offers meaningful value-add potential and reflects an attractive 7% pro forma cap rate, making it an excellent opportunity for investors seeking upside in a stable asset class.

Full Property Details for 2790 N State Hwy 59

General

  • Price: $2,250,000
  • Status: Active
  • Type: Multi-Family
  • Source: METROLIST_Cali
  • MLS ID: 225148029
  • Updated: 12/1/2025
  • Added to Site: 48 day(s) ago

Rental Information

  • Lease/Rent Term: Month To Month

Interior

  • Flooring: See Remarks

Rooms

Other Rooms

  • Laundry: Other

Parking

  • Total Spaces: 15
  • Parking: See Remarks

Location

  • Area: 20407
  • County: Merced
  • Cross Streets: Cooper ave
  • Driving Directions: USE GPS

School Information

  • School District: Merced
  • Elem School District: Merced City
  • Midd School District: Merced City
  • High School District: Merced Union High

Heating & Cooling

  • Cooling Type: Central
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: City

Structural Information

  • Construction: Wood
  • Foundation: Other
  • Stories/Levels: 2
  • Year Built: 1994

Unit Information

Unit 1

  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.414
  • Lot Size (Sq. Ft.): 18,034
  • Irrigation System: None
  • Zoning: R3
  • Lot Description: Other

Disclosures and Reports

  • Special Conditions: None
  • APN: 058-110-013-000

Listed by Adroit Real Estate

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— 2790 N State Hwy 59 —

  • Adroit Real Estate

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 2790 N State Hwy 59

School Districts:Merced Union High School District, Merced City Elementary School District
NameGradesDistance
Luther Burbank Elementary School, Merced, CA
609 East Alexander Avenue, Merced, CA 95340
K-62.3 mi
Tenaya Middle School, Merced, CA
760 W. Eighth St., Merced, CA 95340
7-81.7 mi
Merced High School
205 West Olive Avenue, Merced, CA 95348
9-121.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2790 N State Hwy 59 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/01/2025
Listed
$2,250,000
365.36%
MLS
3/09/2010
Sold
$483,500
—
Public Record
Get Price Alerts and Save Property
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 for 2790 N State Hwy 59

Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,080
156%
$1,591,260
161%
2024
$7,463
1%
$610,493
2%
2023
$7,373
-9%
$598,606
2%
2022
$8,124
2%
$586,952
2%
2021
$7,992
11%
$575,526
1%
2020
$7,210
1%
$569,668
3%
2019
$7,167
9%
$554,381
2%
2018
$6,556
-2%
$543,512
2%
2017
$6,668
2%
$532,856
2%
2016
$6,568
3%
$522,409
2%
2015
$6,398
2%
$514,562
2%
2014
$6,255
1%
$504,484
-1%
2013
$6,170
—
$508,805
—
View All
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 for 2790 N State Hwy 59

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Adroit Real Estate

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2790 N State Highway 59, Merced, CA 95348 (MLS# 225148029) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 2790 N State Highway 59 is currently listed for $2,250,000 and was received on December 01, 2025. Want to learn more about 2790 N State Highway 59? Do you have questions about finding other Multi-Family real estate for sale in Merced? You can browse all Merced real estate or contact a Coldwell Banker agent to request more information.

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