Triplex With Garage
For Sale
$525,000
220 F Street, Bakersfield, CA 93304
Residential Income, Bakersfield, CA
Property Size2,690 SF
Lot Size0.15 Acres
Price / SF$195.17
Days on Market81
Property Features for 220 F Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage
Elementary school
Roosevelt_Bak
Middle school
Emerson
High school
Bakersfield
Subdivision
10
Standard status
Active
APN
00831321
Size
2,690 SF
Lot size
0.15 Acres
Building Details
Year built
1944
Floors in Building
2
Number of units
3
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Eric VanDenk · License #02223453
6613760575x1
Added: Jul 29
Changed: Oct 15
Last Checked: Oct 17 at 5:06PM
MLS# 202608153
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This triplex contains three residential units within a 2,690-square-foot property on a 0.15-acre lot. Each apartment is configured with two bedrooms and one bathroom, creating a consistent layout across the building. Two garages provide on-site parking, and the property was built in 1944.
The property is located at 220 F Street in Bakersfield’s Oleander neighborhood, an established residential area with tree-lined streets. Downtown shopping, dining, and everyday conveniences are nearby, adding practical access to the surrounding community.
The property is located at 220 F Street in Bakersfield’s Oleander neighborhood, an established residential area with tree-lined streets. Downtown shopping, dining, and everyday conveniences are nearby, adding practical access to the surrounding community.
Key Highlights
- Three‑unit multifamily property with 2,690 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Two garages provide on‑site parking
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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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
885
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
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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 residential units feature consistent two-bedroom, one-bath layouts with access to two garages.
Where is this triplex located?
The property is located at 220 F Street 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‑unit multifamily property with 2,690 square feet; Each unit includes 2 bedrooms and 1 bathroom; Two garages provide on‑site parking
