Three-Unit Triplex with
241 Union Ave, Bakersfield, CA 93285
For Sale
$349,900
Each residence includes a fireplace, laundry hookups, and dedicated garage parking.
Property Size2,658 SF
Price / SF$131.64
Days on Market12
Property Features for 241 Union Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Amenities
decorative fireplace
washer/dryer hookups
Building Details
Year Built
Listing Agency:
Destiny Real Estate
Listed By:
Annette M Pounds · License #02192807
(760) 382-9893
Source:
Besthomesbakersfield
Added: Oct 29
Changed: Nov 8
Last Checked: Nov 8 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Destiny Real Estate
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Investment Insights
Based on property information with market context.
This triplex contains three separate residences, each with two bedrooms, two bathrooms, and approximately 886 square feet of living area. Decorative fireplaces and washer/dryer hookups are provided in each unit, along with attached two-car garages. The property was built in 1988 and contains 2,658 square feet overall.
The property is near local shops and a lake.
The property is near local shops and a lake.
Key Highlights
- Three 2‑bedroom, 2‑bath units
- Approximately 886 square feet per residence; 2,658 square feet total
- Attached 2‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,991
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,820
$639.8K
Cap Rate 7%
$457,014
$457.0K
Cap Rate 9%
$355,456
$355.5K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$61.9K $23.28/SF
− Vacancy
−$3.7K −$1.40/SF
EGI
$58.2K $21.88/SF
− OpEx
−$26.2K −$9.85/SF
NOI
$32.0K $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%
$639,820
Cap Rate 7%
$457,014
Cap Rate 9%
$355,456
Alternative Uses
Best Use
Multifamily LT 5
$492.1K
$430.6K – $574.1K
NOI $34,445 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$457.0K
$399.9K – $533.2K
NOI $31,991 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$705.4K
$617.2K – $822.9K
NOI $49,375 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
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Business Placement
Demographics for 93285, CA
2,457
Population
2,225
Households
1.1
Avg Household Size
60
Median Age
13%
College-Educated
86%
High-School Grad
54.4 sq mi
ZIP Area
45
Density / Sq Mi
$39,844
Median Household Income
$51,429
Median Earnings
$921
Median Rent
$202,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Bakersfield, CA
Properties on Market for Triplexes in Bakersfield
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes a fireplace, laundry hookups, and dedicated garage parking.
Where is this triplex located?
The property is located at 241 Union Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three 2‑bedroom, 2‑bath units; Approximately 886 square feet per residence; 2,658 square feet total; Attached 2‑car garage for each unit
