Triplex With Private
New
For Sale
$660,000
1300 McDonald Way, Bakersfield, CA 93309
Residential Income, Bakersfield, CA
Property Size4,010 SF
Lot Size0.29 Acres
Price / SF$164.59
Days on Market7
Property Features for 1300 McDonald Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
3
Parking features
Carport, Garage
Elementary school
Munsey, Millie
Middle school
Curran
High school
West
Elementary school district
Bakersfield City
Subdivision
52
Standard status
Active
APN
16427005
Size
4,010 SF
Lot size
0.29 Acres
Amenities
private garage
outdoor patio
Building Details
Year built
1975
Floors in Building
1
Number of units
3
Listing Agency:
Keller Williams Realty
(661) 617-6500
Listed By:
Julie G Domlao
(661) 778-7251
Added: Sep 11
Changed: Sep 12
Last Checked: Sep 17 at 11:06AM
MLS# 202609818
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 4,010-square-foot triplex contains three residential units and was built in 1975. The front residence offers 3 bedrooms and 2 bathrooms, while the two rear units each provide 2 bedrooms and 2 bathrooms. Private garages and outdoor patios accompany the units, with additional parking identified as carport parking.
The property is located on McDonald Way in Southwest Bakersfield, within the 93309 postal area. Shopping, restaurants, and schools are located nearby, adding convenience for residents. The combination of distinct unit layouts, private exterior space, and on-site parking creates a clearly defined multifamily configuration.
The property is located on McDonald Way in Southwest Bakersfield, within the 93309 postal area. Shopping, restaurants, and schools are located nearby, adding convenience for residents. The combination of distinct unit layouts, private exterior space, and on-site parking creates a clearly defined multifamily configuration.
Key Highlights
- 4,010 square feet of rentable space
- Three‑unit residential property built in 1975
- Front unit includes 3 bedrooms and 2 bathrooms
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
$51,966
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
7.87%
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%
$1,039,320
$1.0M
Cap Rate 7%
$742,371
$742.4K
Cap Rate 9%
$577,400
$577.4K
Market Conditions
NOI Build-Up for 4,010 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
$79.4K $19.80/SF
− Vacancy
−$5.2K −$1.29/SF
EGI
$74.2K $18.51/SF
− OpEx
−$22.3K −$5.55/SF
NOI
$52.0K $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%
$1,039,320
Cap Rate 7%
$742,371
Cap Rate 9%
$577,400
Alternative Uses
Best Use
Multifamily LT 5
$742.4K
$649.6K – $866.1K
NOI $51,966 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.06M
$931.1K – $1.24M
NOI $74,490 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
Explore this area
Business Placement
Demographics for 93309, CA
61,079
Population
23,546
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
10.5 sq mi
ZIP Area
5,817
Density / Sq Mi
$62,143
Median Household Income
$36,281
Median Earnings
$1,268
Median Rent
$286,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with varied layouts, private patios, and proximity to shopping, restaurants, and schools.
Where is this triplex located?
The property is located at 1300 McDonald Way Bakersfield, CA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 4,010 square feet of rentable space; Three‑unit residential property built in 1975; Front unit includes 3 bedrooms and 2 bathrooms
