Updated Duplex with Private
For Sale
$355,000
1236 Jeffrey St, Bakersfield, CA 93305
Two-unit residential property with private outdoor areas, dedicated parking, and a recently updated unit.
Property Size2,080 SF
Price / SF$170.67
Days on Market144
Property Features for 1236 Jeffrey St
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1.75BA
Multifamily Units
2
Amenities
dedicated parking
private yards
Building Details
Buildings
1
Listing Agency:
The Davis Group Real Estate
(661) 703-1592
Listed By:
Paris D. Davis · License #01376508
(661) 703-1592
Source:
Exprealty
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 6:43PM
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 The Davis Group Real Estate
Investment Insights
Based on property information with market context.
This 2,080-square-foot duplex contains two three-bedroom units, each with 1.75 bathrooms, dedicated parking, and a separate private yard. Unit B has received new flooring, window coverings, and interior paint, offering refreshed finishes throughout the living space.
Unit A is occupied by a long-term tenant at below-market rent. The property is located at 1236 Jeffrey St in Bakersfield, California.
Unit A is occupied by a long-term tenant at below-market rent. The property is located at 1236 Jeffrey St in Bakersfield, California.
Key Highlights
- Two‑unit duplex totaling 2,080 square feet
- Each unit includes 3 bedrooms and 1.75 bathrooms
- Separate private yards for both units
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
$26,955
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
7.59%
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%
$539,100
$539.1K
Cap Rate 7%
$385,071
$385.1K
Cap Rate 9%
$299,500
$299.5K
Market Conditions
NOI Build-Up for 2,080 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
$41.2K $19.80/SF
− Vacancy
−$2.7K −$1.29/SF
EGI
$38.5K $18.51/SF
− OpEx
−$11.6K −$5.55/SF
NOI
$27.0K $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%
$539,100
Cap Rate 7%
$385,071
Cap Rate 9%
$299,500
Alternative Uses
Best Use
Multifamily LT 5
$385.1K
$336.9K – $449.3K
NOI $26,955 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$357.6K
$312.9K – $417.2K
NOI $25,034 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$552.0K
$483.0K – $644.0K
NOI $38,638 @ 7.0% cap · market cap 10.88%
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
562
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
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-unit residential property with private outdoor areas, dedicated parking, and a recently updated unit.
Where is this duplex located?
The property is located at 1236 Jeffrey St Bakersfield, CA.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,080 square feet; Each unit includes 3 bedrooms and 1.75 bathrooms; Separate private yards for both units
