Duplex Updated After 2023
For Sale
$259,999
303 2nd Ave, Taft, CA 93268
MULTI_FAMILY - Taft, CA
Property Size2,028 SF
Lot Size0.14 Acres
Price / SF$128.20
Days on Market79
Property Features for 303 2nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Living Room, Bedroom 4, Bedroom 1, Bedroom 3
Lot features
Corner Lot
Elementary school district
Taft Union
Middle school district
Taft Union
High school district
Taft Union
Directions
From 5N Exit 228 Copus Rd Left on Copus Rd Right on Basic School Rd Continue onto Cadet Rd Right on CA 33 N Left on Wood St Right onto S 10th st Left on D St Right on 2nd Ave Corner Home on Left
Subdivision
TAFT - Taft
Standard status
Active
APN
03916509001
Size
2,028 SF
Lot size
0.14 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1919
Floors in Building
1
Number of units
2
Listing Agency:
KW Vision · Keller Williams Realty
(909) 628-9100
Listed By:
Sameena Ali · License #02231188
(909) 436-6228
Added: May 30
Changed: Aug 11
Last Checked: Aug 16 at 11:06PM
MLS# TR26117740
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income-producing duplex at 303 2nd Ave offers two separate homes with a total of four bedrooms and two bathrooms. The property includes 2,028 square feet of living space on a 0.1425-acre lot, built in 1919. One home was extensively rebuilt and updated following a fire in 2023.
Cooling is provided by window and wall/window unit(s). Public water and public sewer service support the property.
One unit is currently tenant-occupied, creating rental income from day one. The layout supports a variety of owner-occupant or investor approaches, including living in one home and renting the other.
Cooling is provided by window and wall/window unit(s). Public water and public sewer service support the property.
One unit is currently tenant-occupied, creating rental income from day one. The layout supports a variety of owner-occupant or investor approaches, including living in one home and renting the other.
Key Highlights
- One unit is currently tenant‑occupied for rental income from day one
- One home extensively rebuilt and updated following a 2023 fire
- 2,028 square feet total living space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,363
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$467,260
$467.3K
Cap Rate 7%
$333,757
$333.8K
Cap Rate 9%
$259,589
$259.6K
Market Conditions
NOI Build-Up for 2,028 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.8K $21.60/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$42.5K $20.95/SF
− OpEx
−$19.1K −$9.43/SF
NOI
$23.4K $11.52/SF
Area
Kern County, CA
Vacancy
3.03%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$467,260
Cap Rate 7%
$333,757
Cap Rate 9%
$259,589
Alternative Uses
Best Use
Multifamily LT 5
$361.6K
$316.4K – $421.9K
NOI $25,313 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$333.8K
$292.0K – $389.4K
NOI $23,363 @ 7.0% cap · market cap 8.99%
Theoretical Best
Warehouse
$433.2K
$379.1K – $505.5K
NOI $30,327 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 93268, CA
18,502
Population
6,289
Households
2.9
Avg Household Size
32
Median Age
9%
College-Educated
74%
High-School Grad
68.1 sq mi
ZIP Area
272
Density / Sq Mi
$55,473
Median Household Income
$28,563
Median Earnings
$998
Median Rent
$225,000
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?
Duplex - Duplex with public water and public sewer, one unit tenant-occupied, and updates to one home after a 2023 fire.
Where is this duplex located?
The property is located at 303 2nd Ave Taft, CA.
What is the asking price?
The asking price for this property is $259,999.
What are key features of this property?
This property features: One unit is currently tenant‑occupied for rental income from day one; One home extensively rebuilt and updated following a 2023 fire; 2,028 square feet total living space
