Three-Unit Multifamily
New
For Sale
$545,000
220 F St, Bakersfield, CA 93304
Uniform two-bedroom, one-bathroom residences are complemented by on-site garage parking.
Property Size2,690 SF
Price / SF$202.60
Days on Market5
Property Features for 220 F St
General Information
Standard status
Active
Size
2,690 SF
Total Parking Spaces
2
Property subtype
Residential Income
Building Details
Tenancy
Multi
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Eric VanDenk
(661) 376-0575
Source:
Exprealty
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 2 at 5:33AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.3k | $19.80 |
| − Vacancy | −$3.5k | −$1.29 |
| EGI | $49.8k | $18.51 |
| − OpEx | −$14.9k | −$5.55 |
| NOI | $34.9k | $12.96 |
2,690 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$498.0K
$435.8K – $581.0K
NOI $34,860 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$462.5K
$404.7K – $539.6K
NOI $32,376 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$713.8K
$624.6K – $832.8K
NOI $49,969 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
911
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?
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 $545,000.
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
