Triplex With Detached
For Sale
$700,000
Pending
1906 Filson St, Bakersfield, CA 93307
Three separately accessed residences include a detached rear unit with alley access.
Property Size3,215 SF
Days on Market196
Property Features for 1906 Filson St
General Information
Standard status
Pending
Size
3,215 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 4BR/3BA (1,520 SF), 1 x 2BR/1BA (1,178 SF), 1 x 3BR/2BA (494 SF)
Multifamily Units
3
Building Details
Buildings
2
Listing Agency:
Miramar International Calloway
(661) 384-6898
Listed By:
Luke Monroe Higdon
(661) 384-6898
Source:
Exprealty
Added: Jan 28
Changed: Aug 11
Last Checked: Aug 12 at 11:04AM
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 Miramar International Calloway
Investment Insights
Based on property information with market context.
This three-unit property is arranged across two buildings at 1906 Filson St in Bakersfield. The front structure contains a primary four-bedroom, three-bath residence and an attached guest house with its own entrance, offering a two-bedroom, one-bath layout. A detached rear ADU provides three bedrooms and two baths, with access from the alley.
All three residences are rented and generating income. Independent entry points create clear separation between the units, while the combination of larger bedroom counts and a detached dwelling also accommodates multigenerational living. The property’s configuration provides three distinct residential spaces on one parcel.
All three residences are rented and generating income. Independent entry points create clear separation between the units, while the combination of larger bedroom counts and a detached dwelling also accommodates multigenerational living. The property’s configuration provides three distinct residential spaces on one parcel.
Key Highlights
- Three residential units arranged across 2 buildings
- Front residence includes 4 bedrooms and 3 baths
- Attached guest house has a separate entrance, 2 bedrooms, and 1 bath
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
$40,906
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
5.84%
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%
$818,120
$818.1K
Cap Rate 7%
$584,371
$584.4K
Cap Rate 9%
$454,511
$454.5K
Market Conditions
NOI Build-Up for 3,215 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
$62.5K $19.44/SF
− Vacancy
−$4.1K −$1.26/SF
EGI
$58.4K $18.18/SF
− OpEx
−$17.5K −$5.45/SF
NOI
$40.9K $12.72/SF
Area
ZIP 93307
Vacancy
6.50%
Lease Rate
$19.44 /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%
$818,120
Cap Rate 7%
$584,371
Cap Rate 9%
$454,511
Alternative Uses
Best Use
Multifamily LT 5
$584.4K
$511.3K – $681.8K
NOI $40,906 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$525.4K
$459.7K – $613.0K
NOI $36,778 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$794.4K
$695.1K – $926.8K
NOI $55,608 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
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?
Triplex - Three separately accessed residences include a detached rear unit with alley access.
Where is this triplex located?
The property is located at 1906 Filson St Bakersfield, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Three residential units arranged across 2 buildings; Front residence includes 4 bedrooms and 3 baths; Attached guest house has a separate entrance, 2 bedrooms, and 1 bath
