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1801 CHAPMAN Street, Merritt
2025-06-13
Quick Summary
- Location
- 1801 CHAPMAN Street, Merritt, British Columbia V1K1R6
- Price
- $1,749,900
- Status:
- For Sale
- Property Type:
- Multi-family
- Year of Construction:
- 1975
MLS®#10351721
Property Description
Discover 1801 Chapman Street in Merritt, BC — a fully rented 18-unit multifamily property generating approximately $204,000 in gross rental annual income. Formerly operated as a motel, this C-2 zoned property has been converted into long-term residential rentals and offers a rare blend of steady cash flow and future upside. Located just steps from downtown, tenants enjoy walkable access to shops, services, and transit. The building includes a shared coin laundry and on-site parking, with several units already updated. There’s significant value-add potential through further renovations and improved management, allowing new ownership to increase revenue over time. Merritt is a growing hub in the Southern Interior with strong rental demand, low vacancy, and improving economic fundamentals — making it an increasingly attractive destination for real estate investors. If you're looking for an affordable, income-generating asset with redevelopment potential and long-term growth, reach out today for more information. (id:32467)
Property Features
Building
- Fireplace: No
- Building Type: Multi-Family
- Utility Water: Municipal water
Land
- Land Size: 0.72 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by RE/MAX Real Estate (Kamloops)
Listing information last updated on: 2025-11-12 19:57:51
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $9,950 for properties under $900,000. For properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
Yes, and yes.
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