Updated Three-Unit
For Sale
$499,999
218 Arvin St, Bakersfield, CA 93308
Three residences offer varied layouts, private outdoor areas, parking, and on-site laundry facilities.
Property Size2,426 SF
Price / SF$206.10
Days on Market55
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Property Features for 218 Arvin St
General Information
Standard status
Active
Size
2,426 SF
Property subtype
Residential Income
Listing Agency:
Uhler Mortgage Solutions Inc.
(661) 412-4182
Listed By:
Justin S. Yim
(818) 456-8877
Source:
Exprealty
Added: Aug 22
Changed: Oct 6
Last Checked: Oct 15 at 1:47AM
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 Uhler Mortgage Solutions Inc.
Investment Insights
Based on property information with market context.
This three-unit triplex includes a two-bedroom, two-bath front residence, a one-bedroom, one-bath second unit, and a two-bedroom, one-bath third unit. Interior improvements across the property include quartz countertops, stainless steel appliances, wood-look flooring, and updated bathrooms. Each kitchen is equipped for daily use, while private outdoor areas and grassy yards extend the living space beyond the interiors.
Additional property features include multiple parking spaces, laundry facilities, and a white picket fence along the front. The property is located on Arvin Street in Bakersfield, with access to shopping, schools, and major freeways noted in the property information.
Additional property features include multiple parking spaces, laundry facilities, and a white picket fence along the front. The property is located on Arvin Street in Bakersfield, with access to shopping, schools, and major freeways noted in the property information.
Key Highlights
- Three units with layouts of 2 bed/2 bath, 1 bed/1 bath, and 2 bed/1 bath
- Quartz countertops and stainless appliances in all kitchens
- Modern wood‑look flooring throughout the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,439
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,780
$628.8K
Cap Rate 7%
$449,129
$449.1K
Cap Rate 9%
$349,322
$349.3K
Market Conditions
NOI Build-Up for 2,426 SF
Gross rent
$48.0K $19.80/SF
− Vacancy
−$3.1K −$1.29/SF
EGI
$44.9K $18.51/SF
− OpEx
−$13.5K −$5.55/SF
NOI
$31.4K $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%
$628,780
Cap Rate 7%
$449,129
Cap Rate 9%
$349,322
Alternative Uses
Best Use
Multifamily LT 5
$449.1K
$393.0K – $524.0K
NOI $31,439 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$417.1K
$365.0K – $486.7K
NOI $29,199 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$643.8K
$563.3K – $751.1K
NOI $45,065 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer varied layouts, private outdoor areas, parking, and on-site laundry facilities.
Where is this triplex located?
The property is located at 218 Arvin St Bakersfield, CA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Three units with layouts of 2 bed/2 bath, 1 bed/1 bath, and 2 bed/1 bath; Quartz countertops and stainless appliances in all kitchens; Modern wood‑look flooring throughout the units
