2148 Keely, Merced, California 95340, Merced, 95340 - 3 bed, 1 bath
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Merced, California 95340
This Value-Add Residential Asset offers a strategic entry into the Merced market with a List Price of $275,000. Characterized by a Condition Rating of 5, the home requires comprehensive renovation but sits on an expansive 9,975 sq ft Lot, providing significant potential for an ADU or expansion within the Merced Union district. The property currently generates immediate cash flow via long-term tenants, making it a turnkey addition to a rental portfolio. This "as-is" opportunity is perfectly suited for Buy-and-Hold Investors or Contractors focused on forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2148 Keely Subject | $225,000* List Price | 3 | 1 | 1,120 | $141 | - |
A 557 Barney Street Sold | $279,000 | 4 | 2 | 1,339 | $208 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1944, this property shows significant deferred maintenance and physical depreciation. Exterior images reveal peeling paint, boarded-up sections on the porch, and aged roofing. The listing explicitly states the home 'needs TLC' and is being sold 'as-is,' suggesting that major systems and cosmetic elements require substantial rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9975, living area = 1120.
The property features long-term tenants who wish to remain, offering an immediate turnkey investment opportunity with established cash flow for a portfolio buyer.
Situated on a nearly 10,000 square foot lot, the property provides ample space for potential expansion, outdoor living, or the addition of an Accessory Dwelling Unit (ADU).
The home is being sold in 'as-is' condition and requires repairs, which will necessitate additional capital investment and may limit traditional financing options.
With three bedrooms but only one bathroom, the layout may be less desirable for modern families and could impact future resale value compared to homes with a second bath.
Modest home, needs TLC, 3 Bedroom, 1 Bath 1,120 sq ft home Built in 1944, as per public records. As is, Where is sale! DO NOT GO TO THE DOOR. Long term tenants that would like to stay.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 1,120 | 1,571 | 14% |
| Lot Size | 9,975 | 7,500 | 79% |
| Price | $225.0K | $376.0K | 5% |
| Price per sq ft | $201 | $246 | 15% |
| Built year | 1944 | 1964 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 96 | 161 | 31% |
Mar 28, 2026
$225,000
$275,000
-18% Price Drop
Initial Listing
Jan 16, 2026
$275,000
Initial Listing
Mar 15, 2005
$178,000
Public Record
Jun 13, 2002
$99,500
Public Record
Dec 1, 1998
$51,000
Public Record
Oct 21, 1997
$20,000
Public Record