Fourplex with Garage
New
For Sale
$700,000
Pending
1906 Filson St Unit A B C, Bakersfield, CA 93306
A 3-bedroom home and three 2-bedroom units provide a varied residential mix, with all four currently occupied.
Property Size5,059 SF
Days on Market6
Property Features for 1906 Filson St Unit A B C
General Information
Standard status
Pending
Size
5,059 SF
Property subtype
Multifamily
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
Property may need updating.
Units
Unit Mix
1 x 3BR/1.75BA, 3 x 2BR/1.75BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1972
Stories
1
Listing Agency:
Watson Realty
Listed By:
Miriam Alqaisi · License #02117249
(661) 748-9068
Source:
Besthomesbakersfield
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 30 at 2:44PM
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 Watson Realty
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Investment Insights
Based on property information with market context.
This connected fourplex contains 5,059 square feet across a front residence with 3 bedrooms and 1.75 baths and three rear residences, each with 2 bedrooms and 1.75 baths. Every unit has a primary suite with a 0.75 bath and a private patio. The front home includes an attached garage; each rear unit has a detached garage accessed from the alley. Built in 1972, the property may require cosmetic updates and repairs.
All four units are occupied. The shortest current tenancy began in 2020. The property is located at 4701 Columbus St in Bakersfield, California.
All four units are occupied. The shortest current tenancy began in 2020. The property is located at 4701 Columbus St in Bakersfield, California.
Key Highlights
- Four units: one 3‑bedroom, 1.75‑bath home and three 2‑bedroom, 1.75‑bath units
- 5,059 square feet; built in 1972
- Each residence includes a primary suite with a 0.75 bath and a private patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,508
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,160
$1.2M
Cap Rate 7%
$850,114
$850.1K
Cap Rate 9%
$661,200
$661.2K
Market Conditions
NOI Build-Up for 5,059 SF
Gross rent
$114.1K $22.56/SF
− Vacancy
−$5.9K −$1.17/SF
EGI
$108.2K $21.39/SF
− OpEx
−$48.7K −$9.62/SF
NOI
$59.5K $11.76/SF
Area
ZIP 93306
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,160
Cap Rate 7%
$850,114
Cap Rate 9%
$661,200
Alternative Uses
Best Use
Multifamily LT 5
$946.6K
$828.3K – $1.10M
NOI $66,261 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$850.1K
$743.9K – $991.8K
NOI $59,508 @ 7.0% cap · market cap 8.50%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,659 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
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Business Placement
Demographics for 93306, CA
74,623
Population
23,789
Households
3.1
Avg Household Size
32
Median Age
18%
College-Educated
77%
High-School Grad
97.3 sq mi
ZIP Area
767
Density / Sq Mi
$66,988
Median Household Income
$35,696
Median Earnings
$1,219
Median Rent
$290,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - A 3-bedroom home and three 2-bedroom units provide a varied residential mix, with all four currently occupied.
Where is this quadplex located?
The property is located at 1906 Filson St Unit A B C 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: Four units: one 3‑bedroom, 1.75‑bath home and three 2‑bedroom, 1.75‑bath units; 5,059 square feet; built in 1972; Each residence includes a primary suite with a 0.75 bath and a private patio
