Two-Home Duplex
For Sale
$629,900
2120 S M Street, Bakersfield, CA 93304
Separate gas and electric meters serve each residence, with water supplied through a shared master meter.
Property Size2,735 SF
Price / SF$230.31
Days on Market140
Property Features for 2120 S M Street
General Information
Standard status
Active
Size
2,735 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
R1
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Amenities
solar panels
Building Details
Building Size
2,735 SF
Year Built
2025
Buildings
2
Stories
1
Units
2
Listing Agency:
Sierra Central Real Estate
(661) 869-1501
Listed By:
Manuel Gomez · License #01711366
(661) 900-3000
Source:
Kasahomesrealty
Added: Jun 11
Changed: Oct 25
Last Checked: Oct 26 at 4:04AM
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 Sierra Central Real Estate
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Investment Insights
Based on property information with market context.
This duplex property comprises two detached homes on one lot, totaling 2,735 square feet. Both were built in 2025 and have three bedrooms and two bathrooms. The front home measures 1,525 square feet; the rear home measures 1,200 square feet. Each residence has a paid solar system, along with its own gas and electric meter. Water service runs through a master meter for the property.
The site is zoned R1. The two-home configuration and separate utility meters distinguish the property’s physical setup.
The site is zoned R1. The two-home configuration and separate utility meters distinguish the property’s physical setup.
Key Highlights
- Two detached homes on one lot, totaling 2,735 square feet
- Both residences were built in 2025 and have 3 bedrooms and 2 bathrooms
- Front home: 1,525 square feet; rear home: 1,200 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,443
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,860
$708.9K
Cap Rate 7%
$506,329
$506.3K
Cap Rate 9%
$393,811
$393.8K
Market Conditions
NOI Build-Up for 2,735 SF
Gross rent
$54.2K $19.80/SF
− Vacancy
−$3.5K −$1.29/SF
EGI
$50.6K $18.51/SF
− OpEx
−$15.2K −$5.55/SF
NOI
$35.4K $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 Rate 5%
$708,860
Cap Rate 7%
$506,329
Cap Rate 9%
$393,811
Alternative Uses
Best Use
Multifamily LT 5
$506.3K
$443.0K – $590.7K
NOI $35,443 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$470.3K
$411.5K – $548.6K
NOI $32,918 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$725.8K
$635.1K – $846.8K
NOI $50,805 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve each residence, with water supplied through a shared master meter.
Where is this duplex located?
The property is located at 2120 S M Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Two detached homes on one lot, totaling 2,735 square feet; Both residences were built in 2025 and have 3 bedrooms and 2 bathrooms; Front home: 1,525 square feet; rear home: 1,200 square feet
