2324 Q St
Merced, CA 95340
- 2 Beds
- 2 Baths
- 960 sqft
2 Beds
2 Baths
960 sqft
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1945
Living Area
960 sqft
Parking
Garage
HOA
None
About this House
This duplex property in Merced is a turnkey investment opportunity, conveniently located in the heart of Merced. Both units have recently undergone renovations, ensuring their modern appeal. One unit is currently vacant, while the other is already occupied, highlighting the high demand for rental properties in this college town. The current capitalization rate (CAP) stands at 6.15%, but with a projected rental median analysis of $1300 per unit, the potential pro forma CAP rate reaches an enticing 8.56%. Moreover, this property presents the possibility of converting the garages into additional units, with the city confirming the option to add an ADU on the spacious lot. Covered parking, as well as two garages, provide ample space for vehicles. Separate gas and electric meters for each unit, ensuring convenient utilities management. Whether you're an experienced investor seeking an excellent opportunity or an individual interested in living in one unit while renting out the other, this property offers an amazing return on investment.
2324 Q St, Merced, CA 95340 is a 2 bedroom, 2 bathroom, 960 sqft multi-family built in 1945. It last sold for the $305,000 asking price on Dec 14, 2023. It is currently off market. The Trulia Estimate rent is $1,631/month.
Home Details for 2324 Q St
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MLS Status: Closed |
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Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 960 Square Feet |
Appliances & Utilities Utilities: Natural Gas Connected, City, ElectricAppliances: Free-Standing Refrigerator, Built-In Gas Oven, Built-In Gas Range, Free-Standing FreezerLaundry: Common Area |
Heating & Cooling Heating: Wall FurnaceHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Wall Furnace |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Vinyl |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoFloors: Vinyl |
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Exterior Home Features Roof: CompositionFencing: FencedExterior: Yard SpaceFoundation: Concrete, Concrete Perimeter |
Parking & Garage Number of Garage Spaces: 2Number of Carport Spaces: 4Number of Covered Spaces: 8Has a CarportHas a GarageNo Attached GarageParking Spaces: 6Parking: Off Street,Carport,Garage,Guest |
Water & Sewer Sewer: Public Sewer |
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Year Built Year Built: 1945 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex |
Building Construction Materials: Stucco, Frame |
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Price List Price: $305,000 |
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Direction & Address City: Merced |
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Association for this Listing: MetroList Services, Inc. |
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Lot Area: 5000.688 sqft |
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Special Conditions: Standard |
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Mobile Home Park Mobile Home Units: Feet |
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Expense Tenant Pays: Cable TV, Electricity, Gas |
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Mls Number: 223104934 |
Last check for updates: about 23 hours ago
Listed by Colin Hoogendoorn DRE #02221855, (209) 815-2887
HomeSmart PV & Associates
Bought with: Diana Markas-Khamo DRE #02158213, (209) 678-1141, HomeSmart PV & Associates
Originating MLS: MetroList Services, Inc.
Source: MetroList Services of CA, MLS#223104934
Price History for 2324 Q St
| Date | Price | Event | Source |
|---|---|---|---|
| 12/14/2023 | $305,000 | Sold | MetroList Services of CA #223104934 |
| 11/07/2023 | $305,000 | Pending | MetroList Services of CA #223104934 |
| 10/30/2023 | $305,000 | Listed For Sale | MetroList Services of CA #223104934 |
| 12/16/2020 | $195,000 | Sold | N/A |
| 11/14/2020 | $229,000 | Pending | Agent Provided |
| 10/02/2020 | $229,000 | PendingToActive | Agent Provided |
| 08/28/2020 | $229,000 | Pending | Agent Provided |
| 08/14/2020 | $229,000 | Listed For Sale | Agent Provided |
| 04/17/2020 | $187,000 | Sold | N/A |
| 03/08/2020 | $185,000 | Pending | Agent Provided |
| 02/20/2020 | $185,000 | Listed For Sale | Agent Provided |
| 01/01/2020 | $179,000 | ListingRemoved | Agent Provided |
| 11/01/2019 | $179,000 | PriceChange | Agent Provided |
| 10/18/2019 | $179,500 | PriceChange | Agent Provided |
| 10/02/2019 | $188,000 | PriceChange | Agent Provided |
| 09/12/2019 | $190,000 | PriceChange | Agent Provided |
| 08/25/2019 | $189,000 | Listed For Sale | Agent Provided |
| 02/26/2010 | $45,000 | Sold | N/A |
| 07/29/2008 | $143,079 | Sold | N/A |
| 09/12/2006 | $140,000 | Sold | N/A |
Market trends in Merced
Last updated June 2026
Avg. sale price
$384K
$2KMoM
Sale-to-List Price
99.6%
Price per sq ft
$245
$3MoM
Available listings
278
11MoM
Property Tax and Assessment
| Year | 2025 |
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| Tax | $3,473 |
| Assessment | $312,300 |
Home facts updated by county records
Comparable Sales for 2324 Q St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.19 | Multi-Family Home | $335,000 | 12/24/25 | 4 | 2 | 1,544 | |
0.16 | Multi-Family Home | $420,000 | 05/22/26 | 5 | 4 | 1,022 | |
0.11 | Multi-Family Home | $341,666 | 01/16/26 | 6 | 3 | 2,178 | |
0.36 | Multi-Family Home | $350,000 | 09/05/25 | 1 | 1 | 570 | |
0.36 | Multi-Family Home | $390,000 | 10/24/25 | 2 | 612 | ||
0.52 | Multi-Family Home | $185,000 | 06/29/26 | 4 | 2 | 1,900 | |
0.72 | Multi-Family Home | $350,000 | 07/24/26 | 4 | - | 1,392 | |
0.09 | Multi-Family Home | $683,334 | 01/16/26 | 12 | 6 | 4,356 | |
1.60 | Multi-Family Home | $220,000 | 10/10/25 | 3 | 2 | 977 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 2324 Q St.
What Locals Say about Merced
At least 524 Trulia users voted on each feature.
86 % Say there are sidewalks
82 % Say yards are well-kept
82 % Say it's dog friendly
80 % Say parking is easy
78 % Say car is needed
72 % Say there's holiday spirit
63 % Say kids play outside
56 % Say it's quiet
55 % Say it's walkable to grocery stores
54 % Say streets are well-lit
51 % Say they plan to stay for at least 5 years
49 % Say neighbors are friendly
47 % Say it's walkable to restaurants
44 % Say people would walk alone at night
26 % Say there's wildlife
22 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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