Duplex With Covered
For Sale
$335,000
110 Washington Avenue, Bakersfield, CA 93308
Residential Income, Bakersfield, CA
Property Size1,606 SF
Lot Size0.13 Acres
Price / SF$208.59
Days on Market111
Property Features for 110 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Covered
Elementary school
Standard
Middle school
Standard
High school
North
Subdivision
21
Standard status
Active
APN
11326106
Size
1,606 SF
Lot size
0.13 Acres
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Ramon Serrato
(559) 542-7520
Added: May 11
Changed: Aug 28
Last Checked: Aug 29 at 12:06AM
MLS# 202605206
Copyright © 2026 Golden Empire MLS, 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 duplex contains two residential units, each with two bedrooms and one bathroom, within a 1,606-square-foot property. Built in 1977, the asset includes covered parking and is currently generating rental income.
The property is located at 110 Washington Avenue in Bakersfield, California, within ZIP Code 93308 and Kern County. Its 0.13-acre lot supports a straightforward two-unit residential layout suited to a small multifamily ownership strategy.
The property is located at 110 Washington Avenue in Bakersfield, California, within ZIP Code 93308 and Kern County. Its 0.13-acre lot supports a straightforward two-unit residential layout suited to a small multifamily ownership strategy.
Key Highlights
- Two 2bed/1bath residential units
- 1,606 square feet of property size
- Covered parking included
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
$20,812
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
6.21%
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%
$416,240
$416.2K
Cap Rate 7%
$297,314
$297.3K
Cap Rate 9%
$231,244
$231.2K
Market Conditions
NOI Build-Up for 1,606 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
$31.8K $19.80/SF
− Vacancy
−$2.1K −$1.29/SF
EGI
$29.7K $18.51/SF
− OpEx
−$8.9K −$5.55/SF
NOI
$20.8K $12.96/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$416,240
Cap Rate 7%
$297,314
Cap Rate 9%
$231,244
Alternative Uses
Best Use
Multifamily LT 5
$297.3K
$260.2K – $346.9K
NOI $20,812 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$276.1K
$241.6K – $322.2K
NOI $19,329 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$426.2K
$372.9K – $497.2K
NOI $29,833 @ 7.0% cap · market cap 8.91%
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
524
Businesses Nearby
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
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 - Two residential units offer a compact multifamily configuration with covered parking in Bakersfield.
Where is this duplex located?
The property is located at 110 Washington Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two 2bed/1bath residential units; 1,606 square feet of property size; Covered parking included
