Off Market

1241 Broadway Avenue, Atwater, CA 95301

1241 Broadway Avenue, Atwater, Merced, CA, 95301
2 months ago
Views: 31

$1,250,000(Negotiable)

Overview

3473686

Type

5 or More Units

Parking

Yes

Sqft

6160

Build Year

1920

Purpose

For Sale

About This Listing

Positioned in the heart of Downtown Atwater, 1241 Broadway offers a compelling investment opportunity with stable income and clear upside. The property includes three upgraded 2-bedroom units (840 SF each), one studio (560 SF), and a 3,080 SF retail space currently leased to Furniture One. Recent renovations such as new flooring, kitchens, and bathrooms, minimize near-term capital needs. Residential rents range from $1,450-$1,650 for the two-bedrooms and $1,150 for the studio, below current market averages. This creates potential for increased income through natural turnover and active management. With strong Broadway frontage, a diversified income stream, and long-term value-add potential, 1241 Broadway is well-suited for both first-time investors and experienced operators looking to grow in the Central Valley.

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MetroList CA data Last Updated: November 24, 2025, 10:20 pm

Data Source: SACM