328 W 21st
About This Property
Welcome to this beautifully updated 1905 classic, where historic character blends seamlessly with thoughtful modern upgrades. Centrally located in Merced, this home places you just minutes from shopping, theatres, restaurants, and public transportation, offering both convenience and a vibrant lifestyle right outside your door.
Inside, you'll find beautiful bamboo flooring and numerous upgrades throughout. The updated kitchen is designed for both everyday living and entertaining, featuring granite countertops, a stylish tile backsplash, stainless steel appliances, and a large center island that offers plenty of prep space and room to gather.
The floor plan has been thoughtfully updated to include a new pantry and dedicated laundry room, adding functionality to the home while maintaining its character. The three guest bedrooms showcase refinished original wood flooring that highlights the home's historic character.
Both bathrooms have been tastefully updated, and one of the standout features of the home is the primary suite set apart from the other bedrooms, providing added privacy. A rare feature for a home of this era, the primary bedroom includes its own bathroom and a large walk-in closet.
Additional improvements include dual-pane windows, a newer roof, a newer HVAC system, and a tankless water heater, offering comfort, efficiency, and peace of mind.
Step outside to a beautiful backyard garden filled with flowers and plenty of space for relaxing or entertaining. The BBQ is plumbed directly to the natural gas line, making outdoor cooking convenient and ready for gatherings.
The property also features a two-car garage with alley access, providing added convenience and functionality.
This home offers a wonderful opportunity to own a piece of Merced history while enjoying the updates and features today's buyers are looking for.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Mar 31, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Listed by BHGRE Everything Real Estate | $469,900 | |
| Listed by BHGRE Everything Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017