Three-Unit Multifamily
220 F St, Bakersfield, CA 93304
For Sale
$525,000
Uniform two-bedroom, one-bathroom residences are complemented by on-site garage parking.
Property Size2,690 SF
Price / SF$195.17
Days on Market102
Property Features for 220 F St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Building Details
Tenancy
Listing Agency:
Central Valley Property Advisors
Listed By:
Eric VanDenk · License #02071696
(661) 376-0575
Source:
Exprealty
Added: Jul 29
Changed: Oct 25
Last Checked: Nov 6 at 2:53PM
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 Central Valley Property Advisors
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Investment Insights
Based on property information with market context.
This 2,690-square-foot triplex at 220 F St contains three residential units with a consistent two-bedroom, one-bathroom configuration. The uniform floor plans provide a straightforward physical layout across the property, while two garages add dedicated parking and storage capacity. The asset is situated in Bakersfield’s Oleander neighborhood, an established residential area characterized by tree-lined streets. Downtown shopping, dining, and everyday conveniences are located nearby, placing routine services within the surrounding area. The combination of three matching residences, garage improvements, and an established neighborhood setting defines the property’s core configuration.
Key Highlights
- Three 2‑bedroom, 1‑bathroom multifamily units
- 2,690 square feet of building area
- Two garages included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,860
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$697,200
$697.2K
Cap Rate 7%
$498,000
$498.0K
Cap Rate 9%
$387,333
$387.3K
Market Conditions
NOI Build-Up for 2,690 SF
Gross rent
$53.3K $19.80/SF
− Vacancy
−$3.5K −$1.29/SF
EGI
$49.8K $18.51/SF
− OpEx
−$14.9K −$5.55/SF
NOI
$34.9K $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%
$697,200
Cap Rate 7%
$498,000
Cap Rate 9%
$387,333
Alternative Uses
Best Use
Multifamily LT 5
$498.0K
$435.8K – $581.0K
NOI $34,860 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$462.5K
$404.7K – $539.6K
NOI $32,376 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$713.8K
$624.6K – $832.8K
NOI $49,969 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
971
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
$228,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Bakersfield, CA
Properties on Market for Triplexes in Bakersfield
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Uniform two-bedroom, one-bathroom residences are complemented by on-site garage parking.
Where is this triplex located?
The property is located at 220 F St Bakersfield, CA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bathroom multifamily units; 2,690 square feet of building area; Two garages included
