Two-Unit Duplex with
For Sale
$310,000
2114 2nd Street, Bakersfield, CA 93304
MULTI_FAMILY - Bakersfield, CA
Property Size1,639 SF
Lot Size0.14 Acres
Price / SF$189.14
Days on Market9
Property Features for 2114 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Elementary school
Roosevelt_Bak
Middle school
Emerson
High school
Bakersfield
Subdivision
10
Standard status
Active
APN
00826010
Size
1,639 SF
Lot size
0.14 Acres
Building Details
Year built
1929
Floors in Building
1
Number of units
2
Listing Agency:
Scott Rivera Real Estate Team, Inc.
(661) 589-2222
Listed By:
Suzanne L Munger · License #01788677
(661) 332-7367
Added: Aug 4
Changed: Aug 7
Last Checked: Aug 12 at 7:06PM
MLS# 202608100
Copyright © 2026 Bakersfield Association of Realtors. 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 duplex includes two separate residences on a 0.1417-acre corner lot. The front home contains 2 bedrooms, 1 bathroom, and approximately 1059 square feet. A detached rear home adds 1 bedroom, 1 bathroom, and approximately 580 square feet, for a combined property size of 1639 Square Feet. Both residences date to the 1929 construction year.
The property includes covered carport parking and access from the alley. Its two-home layout supports occupancy of one residence while leasing the other, or use as a two-unit rental property. The site is located in Bakersfield, California, within ZIP Code 93304.
The property includes covered carport parking and access from the alley. Its two-home layout supports occupancy of one residence while leasing the other, or use as a two-unit rental property. The site is located in Bakersfield, California, within ZIP Code 93304.
Key Highlights
- Two separate homes on a 0.1417‑acre corner lot
- Front residence: 2 bedrooms, 1 bathroom, approximately 1059 square feet
- Detached rear residence: 1 bedroom, 1 bathroom, approximately 580 square feet
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
$21,240
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
6.85%
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%
$424,800
$424.8K
Cap Rate 7%
$303,429
$303.4K
Cap Rate 9%
$236,000
$236.0K
Market Conditions
NOI Build-Up for 1,639 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
$32.5K $19.80/SF
− Vacancy
−$2.1K −$1.29/SF
EGI
$30.3K $18.51/SF
− OpEx
−$9.1K −$5.55/SF
NOI
$21.2K $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%
$424,800
Cap Rate 7%
$303,429
Cap Rate 9%
$236,000
Alternative Uses
Best Use
Multifamily LT 5
$303.4K
$265.5K – $354.0K
NOI $21,240 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$281.8K
$246.6K – $328.8K
NOI $19,727 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$434.9K
$380.6K – $507.4K
NOI $30,446 @ 7.0% cap · market cap 9.82%
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
499
Businesses Nearby
Explore this area
Business Placement
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
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 separate residences offer a flexible owner-occupant or rental configuration with alley access.
Where is this duplex located?
The property is located at 2114 2nd Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two separate homes on a 0.1417‑acre corner lot; Front residence: 2 bedrooms, 1 bathroom, approximately 1059 square feet; Detached rear residence: 1 bedroom, 1 bathroom, approximately 580 square feet
