Updated Duplex with Separate
For Sale
Contact for pricing
113 Harris Drive A & B, Bakersfield, CA 93308
Two 2BR/1BA homes on one lot, each with separate utilities and fenced yards for privacy.
Property Size1,314 SF
Price / SF$247.34
Days on Market99
Property Features for 113 Harris Drive A & B
General Information
Standard status
Active
Size
1,314 SF
Property subtype
Multifamily
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Building Details
Year Built
1934
Tenancy
Multi
Listing Agency:
CENTURY 21 Jordan Link & Company
Listed By:
Raymond Beasley · License #CalDre# 02032738
Source:
Crexi
Added: May 31
Changed: Aug 25
Last Checked: Sep 4 at 10:10PM
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 CENTURY 21 Jordan Link & Company
Investment Insights
Based on property information with market context.
This duplex offers two separate residences on one lot, with both homes configured as 2 bedrooms and 1 bathroom, each including a living room and dining room. Each home has its own inside laundry area. The front home is tenant occupied and described as updated and very clean. The rear home has been recently updated with new flooring, cabinets, granite counters, fresh paint, and new lighting, and is presented as move-in ready.
Both homes benefit from fenced front and rear yards, providing privacy and outdoor space tied to each residence. The property also includes plenty of room for parking. According to the listing, each property has its own separate utilities.
For investors, this layout provides two independently metered homes in a single package. For owner-occupants, the plan supports a live-in-and-rent approach, with one unit already tenant occupied while the other is updated and ready for occupancy. The property is presented for sale at 113 Harris Drive A & B in Bakersfield, CA 93308 and should be viewed in person to confirm condition and suitability for your goals.
Both homes benefit from fenced front and rear yards, providing privacy and outdoor space tied to each residence. The property also includes plenty of room for parking. According to the listing, each property has its own separate utilities.
For investors, this layout provides two independently metered homes in a single package. For owner-occupants, the plan supports a live-in-and-rent approach, with one unit already tenant occupied while the other is updated and ready for occupancy. The property is presented for sale at 113 Harris Drive A & B in Bakersfield, CA 93308 and should be viewed in person to confirm condition and suitability for your goals.
Key Highlights
- Two homes on one lot, each with 2 bedrooms and 1 bathroom
- Each home has separate utilities
- Fenced front and rear yards for privacy
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
$17,028
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
5.24%
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%
$340,560
$340.6K
Cap Rate 7%
$243,257
$243.3K
Cap Rate 9%
$189,200
$189.2K
Market Conditions
NOI Build-Up for 1,314 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
$26.0K $19.80/SF
− Vacancy
−$1.7K −$1.29/SF
EGI
$24.3K $18.51/SF
− OpEx
−$7.3K −$5.55/SF
NOI
$17.0K $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%
$340,560
Cap Rate 7%
$243,257
Cap Rate 9%
$189,200
Alternative Uses
Best Use
Multifamily LT 5
$243.3K
$212.9K – $283.8K
NOI $17,028 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$225.9K
$197.7K – $263.6K
NOI $15,815 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$348.7K
$305.1K – $406.8K
NOI $24,409 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
378
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 2BR/1BA homes on one lot, each with separate utilities and fenced yards for privacy.
Where is this duplex located?
The property is located at 113 Harris Drive A & B Bakersfield, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two homes on one lot, each with 2 bedrooms and 1 bathroom; Each home has separate utilities; Fenced front and rear yards for privacy
