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$720,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago
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Searching for a 3-bedroom fourplex in Atwater with strong rental income and future upside? 562 Fortuna Ave generates $4,815 per month in current rent, with pro forma rents at $1,600 per unit. The property offers a projected 7%+ cap rate using a 30% expense ratio. Each of the four units includes 3 bedrooms, 1 bathroom, and in-unit laundry hookups, totaling 3,536 square feet on a 9,300 square foot lot. One unit was fully remodeled in 2022, and the building received a new roof that same year. A large on-site parking lot offers easy access for all tenants. Located near In-Shape, Bellevue Bowl, shopping, and dining, this multifamily asset combines convenience with long-term rental appeal. With reliable income in place and value-add potential, this 3-bedroom fourplex in Atwater is a turnkey opportunity for investors looking to grow their portfolio in a stable Central Valley market. Photos include versions with and without tenant items for full transparency.

Full Property Details for 562 Fortuna

General

  • Price: $720,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: MC25278759
  • Updated: 1/16/2026
  • Days on Market: 29 days
  • Added to Site: 30 day(s) ago

Interior

  • Rooms/Areas: Living Room
  • Interior Features: Balcony
  • Fireplace(s): None
  • Appliances: Gas Cooktop
  • Flooring: Tile, Vinyl

Rooms

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Parking Features: Paved
  • Parking: Paved

Location

  • County: Merced
  • Driving Directions: Take Bellevue rd west, turn left on Alabama St, Turn right on Fortuna Ave and Property is on your left

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • Foundation: Slab
  • Roof: Shingle
  • Entry Location: Front
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,536
  • Year Built: 1990

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.2135
  • Lot Size (Sq. Ft.): 9,300
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $203.62
  • Price Per Unit: 180000

Disclosures and Reports

  • Inclusions: All appliances included with leases

Listed by BHGRE Everything Real Estate, Eric Jaurique-Pouncey

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Listing agent

— 562 Fortuna —

  • Eric Jaurique-Pouncey

    BHGRE Everything Real Estate

209-769-3934

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 562 Fortuna

School Districts:Atwater Elementary School District, Merced Union High School District
NameGradesDistance
Thomas Olaeta Elementary School
2266 High Street, Atwater, CA 95301
K-60.3 mi
Mitchell Intermediate School
1753 Fifth Street, Atwater, CA 95301
7-80.6 mi
Atwater High School
2201 Fruitland Avenue, Atwater, CA 95301
9-121 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 562 Fortuna Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/19/2025
Listed
$720,000
167.66%
MLS
8/07/2015
Sold
$269,000
—
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 562 Fortuna

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,454
2%
$318,139
2%
2024
$3,373
3%
$312,093
2%
2023
$3,284
1%
$305,849
2%
2022
$3,249
—
$299,884
2%
2021
$3,255
1%
$294,037
1%
2020
$3,221
4%
$291,199
3%
2019
$3,083
2%
$283,765
2%
2018
$3,008
1%
$278,202
2%
2017
$2,970
2%
$272,748
2%
2016
$2,915
54%
$267,400
55%
2015
$1,898
2%
$172,440
2%
2014
$1,854
1%
$169,063
—
2013
$1,842
—
$169,100
—
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.

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by BHGRE Everything Real Estate, Eric Jaurique-Pouncey

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562 Fortuna, Atwater, CA 95301 (MLS# MC25278759) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 562 Fortuna is currently listed for $720,000 and was received on December 19, 2025. Want to learn more about 562 Fortuna? Do you have questions about finding other Multi-Family real estate for sale in Atwater? You can browse all Atwater real estate or contact a Coldwell Banker agent to request more information.

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