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.
Multi-familyProperty Type
1947Year Built
0.41 acresLot Size
$527Est. Price/Sq.Ft.
2 garage spacesParking
Listed by Mark Yandow•DRE #00594950• Yandow Realty Group
Bought with Mark Yandow•DRE #00594950• Yandow Realty Group
BRING YOUR HAMMER AND NAILS! THIS PROPERTY HAS THE POTENTIAL TO BE A GREAT INCOME PROPERTY. THREE DETACHED HOMES WITH A DETACHED GARAGE OR SHOP ON ONE LOT. FIRST HOUSE IS A 3BR/1BA, SECOND HOUSE IS A 2BR/1BA AND THE THIRD HOUSE IS A 1BR/BA FOR GREAT RENTAL.
CRMLS #MC9030398
Sep 30, 2009
Listing Removed
—
Mar 30, 2009
Listed
$69,900
$65/sq ft
Public Records
Aug 3, 2001
Sold
$140,000
$130/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,597 (+5.7%)
$22,601 + $213,523
$236,124
2024
$2,456 (+1.4%)
$22,158 + $209,337
$231,495
2023
$2,422 (+1.4%)
$21,724 + $205,233
$226,957
2022
$2,390 (+0.2%)
$21,299 + $201,209
$222,508
2021
$2,384 (−0.7%)
$20,882 + $197,264
$218,146
2020
$2,402 (+1.7%)
$20,473 + $193,397
$213,870
2019
$2,362 (+9.6%)
$20,264 + $191,414
$211,678
2018
$2,156 (−3.6%)
$19,867 + $187,661
$207,528
2017
$2,237 (+1.6%)
$19,097 + $180,375
$199,472
2016
$2,202 (+1.6%)
$19,097 + $180,375
$199,472
2015
$2,167 (+2.2%)
$18,723 + $176,839
$195,562
2014
$2,121 (+2.8%)
$18,081 + $170,771
$188,852
2013
$2,063 (+213.1%)
$18,081 + $170,771
$188,852
2012
$659 (+0.1%)
$18,000 + $170,000
$188,000
2011
$658 (−34.5%)
$10,200 + $47,940
$58,140
2010
$1,005 (−37.5%)
$10,000 + $47,000
$57,000
2009
$1,610 (+3.0%)
$20,000 + $68,000
$88,000
2008
$1,563
$34,412 + $114,371
$148,783
Tax history for 2181 Keely Ave
Year
Property tax
Land + Additions
Assessment*
2025
$2,597 (+5.7%)
$22,601 + $213,523
$236,124
2024
$2,456 (+1.4%)
$22,158 + $209,337
$231,495
2023
$2,422 (+1.4%)
$21,724 + $205,233
$226,957
2022
$2,390 (+0.2%)
$21,299 + $201,209
$222,508
2021
$2,384 (−0.7%)
$20,882 + $197,264
$218,146
2020
$2,402 (+1.7%)
$20,473 + $193,397
$213,870
2019
$2,362 (+9.6%)
$20,264 + $191,414
$211,678
2018
$2,156 (−3.6%)
$19,867 + $187,661
$207,528
2017
$2,237 (+1.6%)
$19,097 + $180,375
$199,472
2016
$2,202 (+1.6%)
$19,097 + $180,375
$199,472
2015
$2,167 (+2.2%)
$18,723 + $176,839
$195,562
2014
$2,121 (+2.8%)
$18,081 + $170,771
$188,852
2013
$2,063 (+213.1%)
$18,081 + $170,771
$188,852
2012
$659 (+0.1%)
$18,000 + $170,000
$188,000
2011
$658 (−34.5%)
$10,200 + $47,940
$58,140
2010
$1,005 (−37.5%)
$10,000 + $47,000
$57,000
2009
$1,610 (+3.0%)
$20,000 + $68,000
$88,000
2008
$1,563
$34,412 + $114,371
$148,783
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.41 Acres
Year renovated
—
Sq. Ft.
1,528
Year built
1944
Style
Other
County
Merced County
APN
034121019000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 26, 2026.
R-2
Two-Family Residential Zone
The purpose of the R-2 Two-Family Residential Zone is to provide for areas with a full range of urban services for two residential dwellings per parcel in the form of two detached single-family dwellings, duplexes, town houses, and other forms of medium-density residential development, and to maintain a residential character similar to that found in single-family neighborhoods. The intent is to ensure compatibility of duplex-type development with surrounding multi-and single-family residences and the local neighborhoods. This zone implements the Medium Density Residential MDR land use designation in the General Plan.
Permitted uses
Include but are not limited to:
Agriculture
Day care facility
Housing-Single unit
Housing-Senior
Housing-Other
Office-Other
Educational/school
Agriculture-Cropland
Park & open space
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 2
Assigned
Has Parking
# of Parking Spaces: 5
Interior
Heating Information
Wall Heater
Has Heating
Interior Features
Levels: One
Exterior
Lot Information
Lot Size Source: Assessor's Data
Property Information
Total # of Units: 3
Parcel Number: 034121019000
Year Built Source: Estimated
Financial
Lease / Rental Details
Operating Expense: $6,490
Tenant Pays: Exterior Maintenance, Gas, Gardener
Location
Unit Type 1 Information
Unit Key Numeric: 1137201
Listing Key Numeric: 6010323
Actual Rent: $550
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 1
Furnished: Unfurnished
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 1137202
Listing Key Numeric: 6010323
Actual Rent: $745
Area Units: Square Feet
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 2
Attached Garage: Yes
# of Garage Spaces: 1
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 6010323
Unit Key Numeric: 1137203
Actual Rent: $950
Area Units: Square Feet
Total # of Baths: 2
Attached Garage: Yes
Total # of Beds: 4
# of Garage Spaces: 2
Furnished: Unfurnished
Total # of Units: 1
Expenses
Trash: $460
Insurance: $1,000
Water Sewer: $2,280
New Taxes: $2,000
Multi-Unit Information
# of Units With Refrigerator: 3
# of Units With Range: 3
# of Units With Carpet: 3
Net Operating Income: $20,000
Average 3 Bed Area: 1,500
Average 2 Bed Area: 900
Average 1 Bed Area: 600
Total Building Area: 1,080
Gross Scheduled Income: $26,490
Gross Income: $2,245
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 3
# Of Separate Electric Meters: 3
# Of Buildings: 3
Location Information
Latitude: 37.29639400
Longitude: -120.45414000
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,528
Stories: 1.0
Lot Size: 0.41 acres
Style: Other
Year Built: 1944
Year Renovated: —
County: Merced County
APN: 034121019000
Home facts updated by county records on Aug 26, 2026
Other
Listing Information
Days Active in MLS: 120
Continuous Days Active in MLS: 120
Listing Agent Information
List Agent First Name: Mark
List Agent Last Name: Yandow
Listing Office Information
List Office Name: Yandow Realty Group
Selling Agent Information
Buyer Agent First Name: Mark
Buyer Agent Last Name: Yandow
Selling Office Information
Buyer Office Name: Yandow Realty Group
Around this home
Schools
Charles Wright Elementary School
Public K-6 • Assigned • 0.5mi
4/10
Herbert Hoover Middle School
Public 7-8 • Assigned • 0.8mi
5/10
Golden Valley High School
Public 9-12 • Assigned • 0.6mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
7/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 104° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
34 unhealthy days expected this year, 35 days in 30 years
Provided by First Street
Historical weather
Merced, CA • 95340
Average low and high temperatures (°F)
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63
46
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43
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$541,000 – $655,000
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