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$1,350,000

  • Sold
  • Closed
  • Multi-Family
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TWO 4-UNIT APARTMENT COMPLEXES WITH GARAGES SOLD TOGETHER Outstanding investment opportunity in Merced. This package includes two separate 4 unit buildings on individual APNs, for a total of 8 units. Each unit is a 2 bedroom, 1 bath floor plan with approximately 700 square feet of living space and private garages, a rare and desirable feature for tenants. Six of the eight units have been tastefully remodeled, featuring laminate flooring, fresh interior paint, granite countertops, updated fixtures, and either standing showers or tub and shower combinations, offering modern comfort and appeal. The properties are well maintained with strong rental history, stable occupancy, and low maintenance construction. Located near shopping, schools, dining, and public transit, just minutes from UC Merced and downtown. This is a great opportunity with strong cash flow and long term appreciation potential in a growing market with high tenant demand. Do not miss this chance to own a solid multifamily investment in a prime Merced location.

Full Property Details for 3150 3158 College Ave

General

  • Sold For: $1,350,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: MC25181024
  • Added to Site: 159 day(s) ago

Interior

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Flooring: Carpet, Laminate, Vinyl

Rooms

Other Rooms

  • Laundry: In Garage

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 8
  • Parking Features: Assigned
  • Parking: Assigned

Location

  • County: Merced
  • Driving Directions: G St, right onto E. Olive Ave, left on College Ave

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 2
  • # Gas Meters: 8
  • # Electric Meters: 8

Structural Information

  • Foundation: Slab
  • Roof: Composition
  • Entry Location: Front
  • Square Feet: 5,600
  • Year Built: 1965

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.3719
  • Lot Size Source: Public Records
  • Zoning: R-3-2
  • Lot Description: Sprinkler System

Financial Considerations

  • Price Per Sq. Ft.: $241.07
  • Price Per Unit: 187500

Listed by Soldavi Inc., Armando Diaz and Soldavi Inc., Sandra Doke
Sold by Nonmember Mrml, General NONMEMBER

Listing agents

— 3150 3158 College Ave —

  • Armando Diaz

    Soldavi Inc.

  • Sandra Doke

    Soldavi Inc.

209-777-9955

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3150 3158 College Ave

School Districts:Merced City Elementary School District, Merced Union High School District
NameGradesDistance
Donn B. Chenoweth Elementary School
3200 Parsons Avenue, Merced, CA 95340
K-60.9 mi
Herbert H. Cruickshank Middle School
601 Mercy Avenue, Merced, CA 95340
7-81.3 mi
Merced High School
205 West Olive Avenue, Merced, CA 95348
9-120.4 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 3150 3158 College Ave

Date
Details
Price
Change
Source
11/05/2025
Sold
$1,350,000
-10%
MLS
8/11/2025
Listed
$1,499,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Soldavi Inc., Armando Diaz and Soldavi Inc., Sandra Doke
Sold by Nonmember Mrml, General NONMEMBER

3150 3158 College Avenue, Merced, CA 95340 (MLS# MC25181024) is a Multi-Family property that was sold at $1,350,000 on November 05, 2025. Want to learn more about 3150 3158 College Avenue? 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.