Building Details

Year built 1984

Floors in Building 1

Number of units 2

Listing Agency: Miramar Realty d***@gmail.com Show Phone

Listed By: Joy Gebarah Show Phone

Added: Oct 18 Last Checked: Oct 19 at 1:06AM

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MLS# 202611087

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.

Built in 1984, this 2,100-square-foot duplex contains two separate residences with no shared walls. Each unit has its own gas and electric meter and HVAC. The front residence includes two bedrooms and one bathroom, plus a converted garage now used as a third bedroom. The rear residence has one bedroom, one bathroom, a bonus room, and a carport.

The property occupies a 0.1722-acre parcel at 319 Ethrum Avenue in Bakersfield, California. Garage parking is also listed among the property features.

Key Highlights

• Two separate residences with no shared walls
• Separate gas and electric meters for each unit; both have HVAC
• Front unit: 2 bedrooms, 1 bathroom, and converted garage used as a third bedroom

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

Is this asking price fair?

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 (±1% cap)

NOI $26,719 @ 7.0% cap · market cap 9.25%

Second Best

Apartment 5plus

$343.2K

$300.3K – $400.4K (±1% cap)

NOI $24,023 @ 7.0% cap · market cap 8.31%

Theoretical Best

Office A

$518.9K

$454.0K – $605.4K (±1% cap)

NOI $36,322 @ 7.0% cap · market cap 12.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences have independent gas and electric meters, along with HVAC.

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: Two separate residences with no shared walls; Separate gas and electric meters for each unit; both have HVAC; Front unit: 2 bedrooms, 1 bathroom, and converted garage used as a third bedroom