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2151 Martin Luther King Jr Way, Merced, CA, 95340

4beds
3baths
2,004sqft
$499,900
$249price/sqft
$3,594/moest. monthly cost
$143,760/yrincome needed

About This Home

Located at 2151 Martin Luther King Jr Way in Merced, California, this multi-family residence presents an attractive property in great condition. Imagine evenings spent in the living room, the fireplace casting a warm glow as you relax and unwind after a long day. The inviting ambiance encourages quiet reflection and provides a comfortable space for gathering. The kitchen features stone countertops, offering a durable and elegant surface for preparing meals and creating culinary masterpieces. This space is designed to be both functional and aesthetically pleasing, making it a joy to spend time in. The bathroom includes a walk-in shower, providing a practical and convenient space for your daily routine. This multi-family residence provides an incredible opportunity to own an attractive property in Merced, California.

Getting Around

82
WalkingVery Walkable
0
TransitVery Limited Transit
71
BikeVery Bikeable

Schools

3/10
5/10
4/10
Merced High SchoolGrades 9-121.0 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1968

Materials

  • Foundation: Concrete Perimeter,Raised
  • Roof: Composition
  • Construction materials: Frame,Concrete,Stucco

Type & Style

  • Home type: MultiFamily
  • Architectural style: Traditional
  • Property subType: Duplex

Interior

Appliances

  • Appliances included: Gas Range
  • Laundry features: Common Area,Laundry Closet

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3

Features

  • Ceiling Fan(s),Granite Counters
  • Window features: Double Pane Windows
  • Flooring: Vinyl
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Common walls with other units/homes: 1 Common Wall

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,004
  • Total interior livable area: 2,004 sqft

Property

Details

  • Parcel number: 030281008000
  • Attached to another structure: Yes
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: 1st Floor
  • Pool features: None
  • Spa features: None
  • Fencing: Wood
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 7,500 sqft
  • Features: Corner Lot,Trees

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Lightning

FEMA Declared Disasters in Merced County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,527$30,324
Home Insurance *$175$2,100
Property Taxes $463$5,556
Electricity $429$5,156
Total$3,594$43,128
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$123,222/yr
40% on housing$107,820/yr
45% on housing$95,840/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.9%
6.9%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 2.7%
2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$249This listing

vs Other Active Listings

Avg $/sqft

ZIP 95340$238
Merced County$326

vs Homes Sold Last Month

Median $/sqft

ZIP 95340$239
Merced County$264

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-31Price change$499,900
2026-03-01Price change$559,000
2026-01-15Listed for sale$569,900
2023-04-07Sold$310,000
2022-12-19Listing removed--
2022-08-28Listed for sale$399,900
2022-07-14Pending sale$399,900
2022-04-20Listed for sale$399,900

For Sale by Agent

AgentMiguel Regalado Jr
BrokerageCentury 21 Select Real Estate

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