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Sold on 08/31/2012
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2181 Keely Ave, Merced, CA 95340

$324,000

Last sold 08/31/2012 for $188K

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    bed

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    bath

Multi-family not for sale
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About 2181 Keely Ave

Property type Multi-family
Year built 1947
HOA fee $0/month
Lot size 0.41 Acre
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
This opportunity is for 3 houses on a single parcel. Each house has been completely remodeled since property was acquired on a short sale in 2010. There are three houses, one parcel, one APN. 1788 East 22nd 1 bedroom, rented at $ 550 2169 Keely, 2 bedroom, rent of $745 2181 Keely, 4 bd rented at $ 950 Under excellent local property management, monthly fee of $ 100. Water-sewer runs ~ $ 191 a month This is subject to inspection and the leases. Please do not disturb the tenants. Estimated net operating income is ~ $ 20,000, making this a 10% cap rate.
Listed by
Listing Agent - Mark Yandow
Listing Office - Yandow Realty Group
Source: CRMLS mls logo
MLS#MC12033402 • last updated 14 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style One
Type Residential Income
Status Closed
Lot Size (Acres) 0.41
Lot Size (SqFt) 17855
Year Built 1947
Exterior
Building Area 1080
Parking Assigned
# Parking Spaces 5
# Garage Spaces 2
Location
County Merced
APN 34121019000
Multifamily Details
Expense: Trash 460
Operating Expense 6490
Cap Rate 10
Expense: Insurance 1000
Expense: Water/ Sewer 2280
Gross Income 2245
Gross Scheduled Income 26490
$324K
Range: $288K-$359K
Last 30 days 
Rental est.: $1,101/month
Gross rent multiplier: 14.2
  • Sep 2012
    mls logo MLS # MC12033402
  • Sep 2, 2012 Sold
    $188,000
  • Mar 13, 2012 Listed
    $198,000 (+247.4%)
  • Aug 2012
    Public Records
  • Aug 31, 2012 Sold
    $188,000 (-5.1%)
  • Jun 2011
    mls logo MLS # MC3201562
  • Jun 14, 2011 Sold
    $57,000
  • Dec 30, 2009 Listed
    $69,900 (-50.1%)
  • Sep 2010
    Public Records
  • Sep 21, 2010 Sold
    $57,000 (-18.5%)
  • Aug 2001
    Public Records
  • Aug 3, 2001 Sold
    $140,000
  • Year Property taxes Tax assessment
  • 2024
    $2,456 +1.4%
    $231,495 +4.04%
  • 2023
    $2,422 +1.4%
    $222,508
  • 2022
    $2,390 +0.2%
    $222,508 +2.0%
  • 2021
    $2,384 -0.7%
    $218,146 +3.06%
  • 2020
    $2,402 +1.7%
    $211,678
  • 2019
    $2,362 +9.6%
    $211,678 +2.0%
  • 2018
    $2,156
    $207,528
  • 2181 Keely Ave
    $188K
  • —
  • 95340
    $430K +14% y/y
  • Merced
    $434K +2% y/y
No chart available
Statistics calculated by Movoto

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5/10
Golden Valley High School
public Grades 9-12
Merced Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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