Two-Unit Duplex Income
New
For Sale
$375,000
2320 MICHAEL Street, Bakersfield, CA 93307
MULTI_FAMILY - Bakersfield, CA
Property Size2,148 SF
Lot Size0.17 Acres
Price / SF$174.58
Days on Market3
Property Features for 2320 MICHAEL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Covered
Elementary school
Wayside
Middle school
Sequoia
High school
South
Subdivision
51
Standard status
Active
APN
16626112
Size
2,148 SF
Lot size
0.17 Acres
Building Details
Year built
1980
Floors in Building
1
Number of units
2
Listing Agency:
Avalar Real Estate Alliance
(805) 815-9600
Listed By:
Elvia E Alvarez
(661) 596-3404
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 6:06PM
MLS# 202608117
Copyright © 2026 Bakersfield Association of Realtors. 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 duplex consists of two separate 3-bedroom, 1-bath units. The first unit is described as rented for $1,350 per month, and the second unit is described as rented for $1,250 per month. The property is presented as a residential income opportunity.
The duplex is located at 2320 MICHAEL Street in Bakersfield, CA 93307, in Kern County.
With 2,148 square feet total property size on a 0.1724-acre lot, this is a straightforward two-unit configuration designed for dual rental income.
The duplex is located at 2320 MICHAEL Street in Bakersfield, CA 93307, in Kern County.
With 2,148 square feet total property size on a 0.1724-acre lot, this is a straightforward two-unit configuration designed for dual rental income.
Key Highlights
- Duplex built in 1980
- Unit A: 3 bed, 1 bath rented for $1,350
- Unit B: 3 bed, 1 bath rented for $1,250
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 | $41.8k | $19.44 |
| − Vacancy | −$2.7k | −$1.26 |
| EGI | $39.0k | $18.18 |
| − OpEx | −$11.7k | −$5.45 |
| NOI | $27.3k | $12.72 |
2,148 SF · lease $19.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.4K
$341.6K – $455.5K
NOI $27,330 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$351.0K
$307.2K – $409.5K
NOI $24,572 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$530.7K
$464.4K – $619.2K
NOI $37,152 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
429
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 3-bedroom, 1-bath units currently described with monthly rents.
Where is this duplex located?
The property is located at 2320 MICHAEL Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex built in 1980; Unit A: 3 bed, 1 bath rented for $1,350; Unit B: 3 bed, 1 bath rented for $1,250
