Two-Unit 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 Market107
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
central heat & A/C
Building Details
Year built
1947
Floors in Building
1
Number of units
2
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Shanti Brinsfield
(661) 978-7101
Added: Jul 8
Changed: Oct 12
Last Checked: Oct 22 at 3:06AM
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.
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Investment Insights
Based on property information with market context.
The 1,199-square-foot property dates to 1947 and includes two homes on a 0.14-acre lot. The front residence has two bedrooms and one bathroom, central heating and air conditioning, a remodeled kitchen, and an updated bathroom. Improvements also include newer interior and exterior paint. A detached rear residence provides one bedroom and one bathroom. The property also has a garage, covered patio, and private backyard.
The property is in Bakersfield, California. The residences are currently rented under a month-to-month arrangement; the tenant pays for water, and the owners manage the property themselves.
The property is in Bakersfield, California. The residences are currently rented under a month-to-month arrangement; the tenant pays for water, and the owners manage the property themselves.
Key Highlights
- Two residences on a 0.14‑acre lot
- 1,199 square feet total; built in 1947
- Front home has 2 bedrooms, 1 bathroom, central heat and A/C, and updated kitchen and bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,538
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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Lease Details
2
Residential units
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
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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?
Duplex - Two separate residences share a parcel, with updated interiors in the front home and a covered patio beside the rear yard.
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 a 0.14‑acre lot; 1,199 square feet total; built in 1947; Front home has 2 bedrooms, 1 bathroom, central heat and A/C, and updated kitchen and bath
