Updated Duplex with Detached
For Sale
$319,950
2325 Verde Street, Bakersfield, CA 93304
Residential Income, Bakersfield, CA
Property Size1,199 SF
Lot Size0.14 Acres
Price / SF$266.85
Days on Market62
Property Features for 2325 Verde Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage
Subdivision
10
Standard status
Active
APN
12345678
Size
1,199 SF
Lot size
0.14 Acres
Amenities
covered patio
private backyard
Building Details
Year built
1947
Floors in Building
1
Number of units
2
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Shanti Brinsfield · License #01350420
(661) 978-7101
Added: Jul 8
Changed: Sep 4
Last Checked: Sep 7 at 1:06AM
MLS# 202609602
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 duplex comprises two residences on a 0.14-acre parcel totaling 1,199 square feet. The primary dwelling includes 2 bedrooms and 1 bathroom, along with updated interior and exterior paint, central heat and A/C, a remodeled kitchen, and a renovated bathroom. The second residence is a detached 1-bedroom, 1-bathroom unit. A covered patio, private backyard, and garage provide additional property features.
Built in 1947, the property is located in Bakersfield near schools, shopping, and Bakersfield High School. The residences are currently occupied under a month-to-month arrangement, with the tenant responsible for water. The sellers self-manage the property.
Built in 1947, the property is located in Bakersfield near schools, shopping, and Bakersfield High School. The residences are currently occupied under a month-to-month arrangement, with the tenant responsible for water. The sellers self-manage the property.
Key Highlights
- Two residences on one 0.14‑acre lot
- 1,199 square feet built in 1947
- Front home offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,760
$310.8K
Cap Rate 7%
$221,971
$222.0K
Cap Rate 9%
$172,644
$172.6K
Market Conditions
NOI Build-Up for 1,199 SF
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.
Gross rent
$23.7K $19.80/SF
− Vacancy
−$1.5K −$1.29/SF
EGI
$22.2K $18.51/SF
− OpEx
−$6.7K −$5.55/SF
NOI
$15.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$310,760
Cap Rate 7%
$221,971
Cap Rate 9%
$172,644
Alternative Uses
Best Use
Multifamily LT 5
$222.0K
$194.2K – $259.0K
NOI $15,538 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$206.2K
$180.4K – $240.5K
NOI $14,431 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$318.2K
$278.4K – $371.2K
NOI $22,273 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
956
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?
Duplex - Two separate residences share one parcel, with refreshed interiors, central climate control, and outdoor space.
Where is this duplex located?
The property is located at 2325 Verde Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $319,950.
What are key features of this property?
This property features: Two residences on one 0.14‑acre lot; 1,199 square feet built in 1947; Front home offers 2 bedrooms and 1 bathroom
