Two-Unit Duplex with
For Sale
Contact for pricing
1104 Gage St, Bakersfield, CA 93305
Newer construction duplex with in-unit laundry hookups, hard-surface finishes, and HVAC serving both residences.
Property Size1,920 SF
Price / SF$234.38
Days on Market193
Property Features for 1104 Gage St
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multifamily
Zoning
R4
Building Details
Year Built
2017
Stories
1
Units
2
Listing Agency:
Clemmer & Company Real Estate Services
Listed By:
Mark Clemmer · License #01994471
(661) 477-2310
Source:
Crexi
Added: Apr 10
Changed: Oct 10
Last Checked: Oct 16 at 9:07AM
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 Clemmer & Company Real Estate Services
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Investment Insights
Based on property information with market context.
Built in 2017, this duplex contains 2 residential units within approximately 1,920 square feet. Each residence provides 3 bedrooms and 2 bathrooms, along with interior laundry hookups, hard-surface finishes, and its own HVAC equipment. The two-unit configuration offers a straightforward multifamily layout with matching unit plans.
The property is located on Gage St in Bakersfield, California, and is identified as R4 zoning. Both residences include the core features outlined for practical day-to-day occupancy, including dedicated laundry connections and climate control.
The property is located on Gage St in Bakersfield, California, and is identified as R4 zoning. Both residences include the core features outlined for practical day-to-day occupancy, including dedicated laundry connections and climate control.
Key Highlights
- Two‑unit duplex built in 2017
- Each unit has 3 bedrooms and 2 bathrooms
- Approximately 1,920 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,881
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,620
$497.6K
Cap Rate 7%
$355,443
$355.4K
Cap Rate 9%
$276,456
$276.5K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$38.0K $19.80/SF
− Vacancy
−$2.5K −$1.29/SF
EGI
$35.5K $18.51/SF
− OpEx
−$10.7K −$5.55/SF
NOI
$24.9K $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 Rate 5%
$497,620
Cap Rate 7%
$355,443
Cap Rate 9%
$276,456
Alternative Uses
Best Use
Multifamily LT 5
$355.4K
$311.0K – $414.7K
NOI $24,881 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$330.1K
$288.9K – $385.2K
NOI $23,109 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$509.5K
$445.8K – $594.4K
NOI $35,666 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Newer construction duplex with in-unit laundry hookups, hard-surface finishes, and HVAC serving both residences.
Where is this duplex located?
The property is located at 1104 Gage St Bakersfield, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2017; Each unit has 3 bedrooms and 2 bathrooms; Approximately 1,920 square feet
