5-Unit Apartment
New
For Sale
$615,000
2207 River Boulevard, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size3,144 SF
Lot Size0.20 Acres
Price / SF$195.61
Days on Market2
Property Features for 2207 River Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage, Covered
Elementary school
Noble, Myra A.
Middle school
Washington
High school
East
Subdivision
31
Standard status
Active
APN
1263201
Size
3,144 SF
Lot size
0.20 Acres
Building Details
Year built
1952
Floors in Building
2
Number of units
5
Listing Agency:
Sanjeev Advani, Broker
Listed By:
Sunny Advani
(661) 770-7382
Added: Oct 21
Last Checked: Oct 22 at 5:06AM
MLS# 202611177
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 5-unit apartment property includes four 1BR/1BA units and a rear house with 3BR/2BA. The improvements total approximately 3,144 square feet on a 0.1975-acre lot. Built in 1952, the property has updated units and gated off-street parking, with garage and covered parking features.
GET bus service is nearby, and Bakersfield College is approximately 1.4 miles away.
GET bus service is nearby, and Bakersfield College is approximately 1.4 miles away.
Key Highlights
- Five units: four 1BR/1BA apartments and one rear 3BR/2BA house
- Approximately 3,144 square feet of improvements
- 0.1975‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,840
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,800
$756.8K
Cap Rate 7%
$540,571
$540.6K
Cap Rate 9%
$420,444
$420.4K
Market Conditions
NOI Build-Up for 3,144 SF
Gross rent
$73.2K $23.28/SF
− Vacancy
−$4.4K −$1.40/SF
EGI
$68.8K $21.88/SF
− OpEx
−$31.0K −$9.85/SF
NOI
$37.8K $12.04/SF
Area
Bakersfield, CA
Vacancy
6.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,800
Cap Rate 7%
$540,571
Cap Rate 9%
$420,444
Alternative Uses
Best Use
Apartment 5plus
$540.6K
$473.0K – $630.7K
NOI $37,840 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$834.3K
$730.0K – $973.4K
NOI $58,403 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines four one-bedroom apartments with a separate three-bedroom residence.
Where is this apartment building located?
The property is located at 2207 River Boulevard Bakersfield, CA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Five units: four 1BR/1BA apartments and one rear 3BR/2BA house; Approximately 3,144 square feet of improvements; 0.1975‑acre lot
