Well-Maintained 7-Plex
For Sale
$475,000
1961 Kelly Avenue, Merced, CA 95340
Two adjacent buildings total a 7-plex with studio and 1-bedroom units, plus 3-bedroom 1.5-bath apartments.
Property SizeContact for details
Days on Market54
Property Features for 1961 Kelly Avenue
General Information
Standard status
Active
Property subtype
Multi-Family
Amenities
Central Forced Air
Public Utilities, Water - Public, Composition
Building Details
Year Built
1980
Listing Agency:
Astute Realty Inc
(408) 859-7539
Listed By:
Karen Fangfang Xu · License #01783775
(408) 859-7539
Source:
Kw
Added: Jun 18
Changed: Aug 9
Last Checked: Aug 9 at 12:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Astute Realty Inc
Investment Insights
Based on property information with market context.
A well-maintained 7-plex apartment complex presented as two adjacent buildings that must be sold together (1961 Kelly Avenue and 1971 Kelly Avenue). The property features a mix of units including, in each building, five 3-bedroom 1.5-bath apartments, one studio unit, and one 1-bedroom unit. The complex is currently managed by a professional property manager.
The complex is located near Central Yosemite Highway and Highway 99, and is within walking distance to Joe Herb Community Park and nearby shopping locations.
The current unit mix provides multiple apartment configurations across the two buildings, and the property is operating with an existing rental demand profile, including a wait list of potential tenants.
The complex is located near Central Yosemite Highway and Highway 99, and is within walking distance to Joe Herb Community Park and nearby shopping locations.
The current unit mix provides multiple apartment configurations across the two buildings, and the property is operating with an existing rental demand profile, including a wait list of potential tenants.
Key Highlights
- Two adjacent buildings totaling a 7‑plex: 5 three‑bedroom 1.5‑bath units, 1 studio unit, and 1 one‑bedroom unit
- Well maintained apartment complex managed by a professional property manager
- Year built: 1980
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 95340, CA
38,606
Population
13,553
Households
2.8
Avg Household Size
33
Median Age
26%
College-Educated
86%
High-School Grad
52.0 sq mi
ZIP Area
742
Density / Sq Mi
$65,141
Median Household Income
$35,165
Median Earnings
$1,204
Median Rent
$383,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent buildings total a 7-plex with studio and 1-bedroom units, plus 3-bedroom 1.5-bath apartments.
Where is this apartment building located?
The property is located at 1961 Kelly Avenue Merced, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two adjacent buildings totaling a 7‑plex: 5 three‑bedroom 1.5‑bath units, 1 studio unit, and 1 one‑bedroom unit; Well maintained apartment complex managed by a professional property manager; Year built: 1980
