940 K Street

Active

$1,495,000

2 beds20 baths8,640 sqft

940 K St, Merced, CA 95341

Est: $9,215/moGet pre-approved

Multi FamilyProperty Type

0.36 acresLot Size

1979Year Built

$173/sq ftPrice per sq ft

12 carsParking Spaces

Description

Well-maintained 10-unit multifamily investment opportunity in an established Merced location. Built in 1979, the property consists of two buildings with five units each, offering an attractive unit mix of all 2-bedroom, 1.5-bath, two-level townhome-style units. Features include newer HVAC units and a wrought-iron privacy gate providing controlled access to the property. The property has an excellent rental history and offers a desirable combination of functional floor plans, townhouse-style living,...Well-maintained 10-unit multifamily investment opportunity in an established Merced location. Built in 1979, the property consists of two buildings with five units each, offering an attractive unit mix of all 2-bedroom, 1.5-bath, two-level townhome-style units. Features include newer HVAC units and a wrought-iron privacy gate providing controlled access to the property. The property has an excellent rental history and offers a desirable combination of functional floor plans, townhouse-style living, onsite laundry, storage units and established tenant demand. Conveniently located directly across from McNamara Community Park and soccer fields, and just minutes from the Merced County Fairgrounds, Highway 99 and Highway 59. An excellent opportunity for an investor seeking a well-located multifamily property with a proven rental history.

7 days on Market

Last updated: 09/30/2026 06:40 AM • Source: CRMLS, MLS#: MC26208516

Location

Listing Courtesy of Keller Williams Property Team, Ernesto Ochoa, DRE #01247053; Keller Williams Property Team, Gordon Borges, DRE #00917295

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$9,215 per month

30 year fixed, 7.03% Interest

Principal and Interest

$7,981

Property Taxes

$1,234

HOA Dues

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Property Information for 940 K Street

Property Details

MLS Type: Residential Income / 5 or More Units
County: Merced County
Parking Spaces Total: 12
Private Pool: No
Cooling Type: Central Air
Total Units: 10.0
Building Type: Attached
Lot Size Source: Assessor
Living Area: 8640
Assessor Parcel Number: 032072008000
Property Attached YN: true
Common Walls: 2+ Common Walls
New Construction: No
Average Studio Area Units: Square Feet
Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Building Area Total: 8640
Building Area Units: Square Feet
Stories Total: 2
Entry Level: 1
Pool: No
Association: No
Association Fee: $.00
Zoning: R-3-1.5
Senior Community: No
Parcel Number: 032072008000
Area: Out of Area
Directions: From Martin Luther King Jr. Way, turn onto W 11th St, turn left on K St.

Building Information

Building/Complex: 940 K St
Stories: 2
Year Built: 1979

Income / Expense / Tax Details

Income Details

Gross Income: $128,668
Gross Scheduled Income: $128,668

Net Operating Income: $86,020
Cap Rate: 5.8

Expense Details

Operating Expense: $42,848
Gardener Expense: $2,100

Fuel Expense: $319
Electric Expense: $490
Insurance Expense: $11,500
Professional Management Expense: $8,821
Trash Expense: $0
Water Sewer Expense: $12,204
Total Expenses: $42,848

Tax / Assessment Info

Tax Lot: 1

Community / Development

Assessments YN: Yes
Assessments: Special Assessments, Buyer to Verify

Community Features: Street Lights, Sidewalks

Property / Structure Info

Interior Features

Room Type: All Bedrooms Up
Bedroom Features: All Bedrooms Up

Laundry: Yes
Laundry Features: Individual Room
Cooling: Central Air
Heating Type: Central
Heating: Central
Flooring: Carpet
Virtual Tour URL Unbranded: https://app.box.com/s/3uh7drlzi0jdzuzhy9hdi1v0gp21v4ei

Exterior Features

Construction Materials: See Remarks
Entry Location: 1

Fence: Yes
Fence: Wood, Wrought Iron
Fencing: Wood, Wrought Iron
Foundation Details: Slab
Foundation Details: Slab
Pool Features: None
Pool Description: None
Pool: false
Pool Heat: N/K
Spa: false

Land/Lot Info

Lot Features: Rectangular Lot, Park Nearby
Number Of Units: 10

Land Lease: No
Land Lease Type: Fee
Elevation: 0
Levels: Two
Water: Public
Sewer: Public Sewer
Utilities: City
Water Source: Public

Parking Info

Garage Spaces: 0
Parking: Yes

Parking Garage: Assigned
Parking Garage Spaces: 0
Carport Spaces: 0
Parking Features: Assigned

Property / Structure Info

Residential Styles: Res Income 2-4 Units

Unit Information

Unit 1

Unit Type Units Total: 10
Unit Type Beds Total: 2

Unit Type Baths Total: 2
Unit Type Furnished: Unfurnished
Unit Type Garage Spaces: 0
Unit Type Actual Rent: $125,763
Unit Type Total Rent: $125,763
Unit Type Pro Forma: 150000
Unit Type Type: 1

Unit Information

Number Of Units Leased: 10
Rent Controlled: Yes

Number Of Buildings: 2
Number Of Separate Electric Meters: 11
Number Of Separate Gas Meters: 11
Number Of Separate Water Meters: 1

Property History for 940 K Street

Date	Event & Source	Price	Appreciation
Sep 25, 2026	Listed (Active) CRMLS #MC26208516	$1,495,000	—
Sep 25, 2026	Listed (Active) SDMLS #MC26208516	$1,495,000	—
Sep 25, 2026	Listed (Active) METROLIST #226120818	$1,495,000	—
Sep 24, 2026	Listed (Active) CLAW #MC26208516MR	$1,495,000	—
Sep 11, 2023	Sold (Public Record) Public Record #1519639939	$1,300,000	+12.4% / yr
Mar 2, 2015	Sold (Public Record) Public Record #547680429	$480,000	+10.5% / yr
Apr 8, 2014	Sold (Public Record) Public Record #414338811	$439,000	—

Date	Event & Source	Price
09/25/2026	Listed (Active) CRMLS #MC26208516	$1,495,000
09/25/2026	Listed (Active) SDMLS #MC26208516	$1,495,000
09/25/2026	Listed (Active) METROLIST #226120818	$1,495,000
09/24/2026	Listed (Active) CLAW #MC26208516MR	$1,495,000
09/11/2023	Sold (Public Record) Public Record #1519639939	$1,300,000 +12.4% / yr
03/02/2015	Sold (Public Record) Public Record #547680429	$480,000 +10.5% / yr
04/08/2014	Sold (Public Record) Public Record #414338811	$439,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 940 K Street

Taxable ValueLand$114,444Additions$1,246,476Total$1,360,920

Tax Record2025$14,807 ($1,234 / month)

Home Facts

Baths2Total Finished SqFt4,320 SqFtAbove Grade Finished SqFt4,320 SqFtLot Size15,707 SqFtStyleMulti-Family Dwelling (2-4)Year Built1979Year Renovated1979ZoningR315CountyMERCEDAPN032-072-008-000

Schools near 940 K Street

This home is within Merced City Elementary School District.


Rating	School	Type	Grades	Distance
3/10	Don Stowell Elementary School	Public - Serves this home	K to 6	0.6 mi
3/10	Tenaya Middle School	Public - Serves this home	7 to 8	0.4 mi
4/10	Merced High School	Public - Serves this home	9 to 12	2.0 mi
5/10	Joe Stefani Elementary School	Public - Nearby school	3 to 6	3.7 mi
4/10	Rudolph Rivera Elementary	Public - Nearby school	K to 6	2.3 mi
2/10	Independence High (Alternative) School	Public - Choice school	9 to 12	0.8 mi
NR	Harvest Christian School	Private - Nearby school	PK to 12	0.7 mi


Rating	School	Distance
3/10	Don Stowell Elementary School PublicK to 6 Serves this home	0.6 mi
3/10	Tenaya Middle School Public7 to 8 Serves this home	0.4 mi
4/10	Merced High School Public9 to 12 Serves this home	2.0 mi
5/10	Joe Stefani Elementary School Public3 to 6 Nearby school	3.7 mi
4/10	Rudolph Rivera Elementary PublicK to 6 Nearby school	2.3 mi
2/10	Independence High (Alternative) School Public9 to 12 Choice school	0.8 mi
NR	Harvest Christian School PrivatePK to 12 Nearby school	0.7 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 940 K Street, Merced, CA 95341

940 K Street is a multi-family home for sale in Merced, CA 95341. This property was listed for sale on September 24, 2026 by Keller Williams Property Team, it's currently listed at $1,495,000. It has been on the market for a total of 7 days and was last sold on September 11, 2023. This listing's school districts are Merced Union High School District, Merced City Elementary School District. Nearby schools include Don Stowell Elementary School, Tenaya Middle School and Merced High School. 940 K Street is a 2-bed, 20-bath, 8,640 sqft multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Property Team, Ernesto Ochoa, DRE #01247053; Keller Williams Property Team, Gordon Borges, DRE #00917295

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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More information about 940 K Street, Merced, CA 95341