$1,450,000
$1,195,000
21.3%For more information regarding the value of a property, please contact us for a free consultation.
6,444 SqFt
SOLD DATE : 10/05/2026
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,444 sqft
Price per Sqft $225
MLS Listing ID 226087951
Sold Date 10/05/26
HOA Y/N No
Year Built 1968
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
Please submit all Highest and Best Offers by Monday July 20th. 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.
Location
State CA
County Merced
Area 20417
Direction Hwy 165 to Carol Dr to address
Rooms
Other Rooms Unit-1 Approx SqFt: 891 Bedrooms: 2 Full Baths: 1 Rent: 1200 SqFt Source: Tax Record
Interior
Heating Central
Cooling Central
Flooring Carpet, Varies by Unit
Laundry Coin Operated, In Common Area
Exterior
Parking Features Covered
Utilities Available Sewer Connected
Water Access Desc Public
Total Parking Spaces 7
Building
Lot Description Cul-De-Sac
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Schools
Elementary Schools Hilmar Unified
Middle Schools Hilmar Unified
High Schools Hilmar Unified
School District Merced
Others
Senior Community No
Tax ID 015-130-003-000
Special Listing Condition None
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