Two-Unit Duplex with
For Sale
$435,000
227 Simon Drive, Bakersfield, CA 93307
Residential Income, Bakersfield, CA
Property Size2,172 SF
Lot Size0.18 Acres
Price / SF$200.28
Days on Market106
Property Features for 227 Simon Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Carport
Middle school
Sequoia
High school
Mira Monte
Subdivision
41
Standard status
Active
APN
16705123
Size
2,172 SF
Lot size
0.18 Acres
Building Details
Year built
2007
Floors in Building
1
Number of units
2
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Desiree Caywood
(661) 699-7273
Added: Jun 23
Changed: Sep 24
Last Checked: Oct 6 at 2:06PM
MLS# 202606779
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.
Investment Insights
Based on property information with market context.
This 2007 duplex contains two 3-bedroom, 2-bath residences totaling 2,172 square feet. Each unit includes a large living room, dining space, kitchen, indoor laundry, and a primary suite. One residence also includes a generously sized backyard, while carport parking serves the property. Both air-conditioning units were replaced this year.
The property is located in Bakersfield near schools, shopping, and everyday amenities. Both units are tenant occupied, and the reported 9% cap rate provides an additional point of reference for evaluating the income-producing asset.
The property is located in Bakersfield near schools, shopping, and everyday amenities. Both units are tenant occupied, and the reported 9% cap rate provides an additional point of reference for evaluating the income-producing asset.
Key Highlights
- Two 3‑bedroom, 2‑bath units totaling 2,172 square feet
- Both units are tenant occupied
- Each residence includes indoor laundry and a primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,635
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,700
$552.7K
Cap Rate 7%
$394,786
$394.8K
Cap Rate 9%
$307,056
$307.1K
Market Conditions
NOI Build-Up for 2,172 SF
Gross rent
$42.2K $19.44/SF
− Vacancy
−$2.7K −$1.26/SF
EGI
$39.5K $18.18/SF
− OpEx
−$11.8K −$5.45/SF
NOI
$27.6K $12.72/SF
Area
ZIP 93307
Vacancy
6.50%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$552,700
Cap Rate 7%
$394,786
Cap Rate 9%
$307,056
Alternative Uses
Best Use
Multifamily LT 5
$394.8K
$345.4K – $460.6K
NOI $27,635 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$355.0K
$310.6K – $414.1K
NOI $24,847 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$536.7K
$469.6K – $626.1K
NOI $37,568 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Explore this area
Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with spacious layouts, private laundry, carport parking, and a backyard serving one residence.
Where is this duplex located?
The property is located at 227 Simon Drive Bakersfield, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bath units totaling 2,172 square feet; Both units are tenant occupied; Each residence includes indoor laundry and a primary suite
