Two-Unit Residential
New
For Sale
$285,000
340 Kincaid Street, Bakersfield, CA 93307
Residential Income, Bakersfield, CA
Property Size1,463 SF
Lot Size0.14 Acres
Price / SF$194.81
Days on Market2
Property Features for 340 Kincaid Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Subdivision
Mayflower Subdivision
Elementary school
Fremont_Bak
High school
Mira Monte
Standard status
Active
APN
01814001
Size
1,463 SF
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
water, power
Building Details
Year built
1946
Floors in Building
1
Number of units
2
Buildings
2
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Alex Daredia · License #02035436
(661) 903-3183
Added: Oct 29
Last Checked: Oct 30 at 6:06AM
MLS# 202611396
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.
This duplex property comprises two homes totaling 1,463 square feet on a 0.144-acre parcel. The front residence has three bedrooms and one bathroom; the rear residence has two bedrooms and one bathroom. Each home has its own water and power service. A carport is also included, and the property was built in 1946.
The front home is occupied under a month-to-month agreement, while the rear home has a three-month lease. Together, the two residences offer distinct rental configurations and utility service.
The front home is occupied under a month-to-month agreement, while the rear home has a three-month lease. Together, the two residences offer distinct rental configurations and utility service.
Key Highlights
- Two homes with a combined 1,463 square feet
- Front residence: 3 bedrooms and 1 bathroom; month‑to‑month occupancy
- Rear residence: 2 bedrooms and 1 bathroom; 3‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,614
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,280
$372.3K
Cap Rate 7%
$265,914
$265.9K
Cap Rate 9%
$206,822
$206.8K
Market Conditions
NOI Build-Up for 1,463 SF
Gross rent
$28.4K $19.44/SF
− Vacancy
−$1.8K −$1.26/SF
EGI
$26.6K $18.18/SF
− OpEx
−$8.0K −$5.45/SF
NOI
$18.6K $12.72/SF
Area
ZIP 93307
Vacancy
6.50%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,280
Cap Rate 7%
$265,914
Cap Rate 9%
$206,822
Alternative Uses
Best Use
Multifamily LT 5
$265.9K
$232.7K – $310.2K
NOI $18,614 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$239.1K
$209.2K – $278.9K
NOI $16,736 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$361.5K
$316.3K – $421.8K
NOI $25,305 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
621
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two detached homes have separate water and electric utilities.
Where is this duplex located?
The property is located at 340 Kincaid Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two homes with a combined 1,463 square feet; Front residence: 3 bedrooms and 1 bathroom; month‑to‑month occupancy; Rear residence: 2 bedrooms and 1 bathroom; 3‑month lease
