Tenant-Occupied Triplex
713 Iris Street Bakersfield, CA 93308
New
For Sale
$449,000
MULTI_FAMILY - Bakersfield, CA
Property Size2,407 SF
Lot Size0.15 Acres
Price / SF$186.54
Days on Market4
Property Features for 713 Iris Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered
Standard status
Active
APN
11811318
Size
2,407 SF
Lot size
0.15 Acres
Building Details
Year built
1963
Floors in Building
1
Number of units
3
Listing Agency:
LPT Realty. Inc.
(877) 366-2213
Listed By:
Salvador Flores
(818) 437-2037
Added: Jul 24
Last Checked: Jul 27 at 6:06PM
MLS# 202608018
Copyright © 2026 Bakersfield Association of Realtors. 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 well-maintained triplex includes three separate units, each configured as 2 bedrooms and 1 bathroom. All three units are currently tenant occupied, providing ongoing rental income. The property is presented as a residential income multifamily asset for buyers seeking a turnkey, occupied setup.
Located at 713 Iris Street in Bakersfield, California (93308) in Kern County, the site is described as being conveniently near schools, shopping, dining, and major transportation routes.
The offering totals approximately 2,407 square feet on a lot of about 0.1475 acres, providing a compact multifamily footprint with three individual rental units.
Located at 713 Iris Street in Bakersfield, California (93308) in Kern County, the site is described as being conveniently near schools, shopping, dining, and major transportation routes.
The offering totals approximately 2,407 square feet on a lot of about 0.1475 acres, providing a compact multifamily footprint with three individual rental units.
Key Highlights
- Triplex built in 1963 with three 2‑bedroom, 1‑bathroom units
- All three units are currently tenant occupied
- Covered parking included
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.7k | $19.80 |
| − Vacancy | −$3.1k | −$1.29 |
| EGI | $44.6k | $18.51 |
| − OpEx | −$13.4k | −$5.55 |
| NOI | $31.2k | $12.96 |
2,407 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$445.6K
$389.9K – $519.9K
NOI $31,193 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$413.9K
$362.1K – $482.8K
NOI $28,970 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$638.7K
$558.9K – $745.2K
NOI $44,712 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three 2-bedroom, 1-bath units, all tenant occupied, offering an income-producing residential income asset.
Where is this triplex located?
The property is located at 713 Iris Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Triplex built in 1963 with three 2‑bedroom, 1‑bathroom units; All three units are currently tenant occupied; Covered parking included
