2-Unit Duplex with Separate
For Sale
$289,500
2912 Kentucky St, Bakersfield, CA 93305
Two separately metered residences provide distinct utility management for the property owner.
Property Size1,373 SF
Price / SF$210.85
Days on Market64
Property Features for 2912 Kentucky St
General Information
Standard status
Active
Size
1,373 SF
Property subtype
Residential Income
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Listing Agency:
Executive, REALTORS
(661) 836-5015
Listed By:
Felix C. Diaz · License #01981655
(661) 889-3201
Source:
Exprealty
Added: Aug 11
Changed: Oct 7
Last Checked: Oct 11 at 11:34AM
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 Executive, REALTORS
Investment Insights
Based on property information with market context.
This Bakersfield duplex includes two separate residences on one lot with a combined 1,373 SF. The front unit is vacant and measures approximately 860 SF, with two bedrooms and one bathroom. The rear residence contains approximately 513 SF and also provides two bedrooms and one bathroom. Both units are separately metered for electricity and gas, supporting straightforward utility allocation between the residences.
Located at 2912 Kentucky St in Bakersfield, CA 93305, the property offers a two-unit residential configuration with one residence currently unoccupied. The front unit may be leased or otherwise repositioned by the new owner, while the existing layout provides separate living spaces within a single property.
Located at 2912 Kentucky St in Bakersfield, CA 93305, the property offers a two-unit residential configuration with one residence currently unoccupied. The front unit may be leased or otherwise repositioned by the new owner, while the existing layout provides separate living spaces within a single property.
Key Highlights
- Two separate residences occupy one lot
- Combined property size of 1,373 SF
- Front residence: approximately 860 SF with 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,793
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,860
$355.9K
Cap Rate 7%
$254,186
$254.2K
Cap Rate 9%
$197,700
$197.7K
Market Conditions
NOI Build-Up for 1,373 SF
Gross rent
$27.2K $19.80/SF
− Vacancy
−$1.8K −$1.29/SF
EGI
$25.4K $18.51/SF
− OpEx
−$7.6K −$5.55/SF
NOI
$17.8K $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%
$355,860
Cap Rate 7%
$254,186
Cap Rate 9%
$197,700
Alternative Uses
Best Use
Multifamily LT 5
$254.2K
$222.4K – $296.6K
NOI $17,793 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$236.1K
$206.6K – $275.4K
NOI $16,525 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$364.4K
$318.8K – $425.1K
NOI $25,505 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences provide distinct utility management for the property owner.
Where is this duplex located?
The property is located at 2912 Kentucky St Bakersfield, CA.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: Two separate residences occupy one lot; Combined property size of 1,373 SF; Front residence: approximately 860 SF with 2 bedrooms and 1 bathroom
