Separately Metered
For Sale
$289,000
319 Ethrum Avenue, Bakersfield, CA 93307
Each residence has its own gas and electric service meters.
Property Size2,100 SF
Price / SF$137.62
Days on Market11
Property Features for 319 Ethrum Avenue
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R2
Units
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Additional Details
Utilities to Site
Yes
Building Details
Building Size
2,100 SF
Year Built
1984
Stories
1
Units
2
Listing Agency:
Miramar Realty
(661) 381-6500
Listed By:
Joy Gebarah
(661) 777-7774
Source:
Kasahomesrealty
Added: Oct 18
Changed: Oct 25
Last Checked: Oct 26 at 4:04AM
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 Miramar Realty
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Investment Insights
Based on property information with market context.
Built in 1984, this 2,100-square-foot duplex contains two independent residences with no shared walls. HVAC serves both units, and each has separate gas and electric meters. The R2-zoned property offers distinct layouts across the front and rear dwellings.
The front unit has two bedrooms and one bathroom, with a converted garage currently used as a third bedroom. The rear unit includes one bedroom, one bathroom, a bonus room, and a carport.
The front unit has two bedrooms and one bathroom, with a converted garage currently used as a third bedroom. The rear unit includes one bedroom, one bathroom, a bonus room, and a carport.
Key Highlights
- 2,100‑square‑foot duplex built in 1984
- Two separate residences with no shared walls
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,023
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,460
$480.5K
Cap Rate 7%
$343,186
$343.2K
Cap Rate 9%
$266,922
$266.9K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$46.4K $22.08/SF
− Vacancy
−$2.7K −$1.28/SF
EGI
$43.7K $20.80/SF
− OpEx
−$19.7K −$9.36/SF
NOI
$24.0K $11.44/SF
Area
ZIP 93307
Vacancy
5.80%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,460
Cap Rate 7%
$343,186
Cap Rate 9%
$266,922
Alternative Uses
Best Use
Multifamily LT 5
$381.7K
$334.0K – $445.3K
NOI $26,719 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$343.2K
$300.3K – $400.4K
NOI $24,023 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$518.9K
$454.0K – $605.4K
NOI $36,322 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
501
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own gas and electric service meters.
Where is this duplex located?
The property is located at 319 Ethrum Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 2,100‑square‑foot duplex built in 1984; Two separate residences with no shared walls; Separate gas and electric meters for each unit
