Three-Unit Property with Separate
New
For Sale
$530,000
3709 Jewett Avenue, Bakersfield, CA 93301
Residential Income, Bakersfield, CA
Property Size1,260 SF
Lot Size0.12 Acres
Price / SF$420.63
Days on Market5
Property Features for 3709 Jewett Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered
Elementary school
Hills, Stella
Middle school
Emerson
High school
Bakersfield
Subdivision
10
Standard status
Active
APN
12015004
Size
1,260 SF
Lot size
0.12 Acres
Amenities
separate unit entrances
individual utility meters
extensive paved parking
fenced outdoor spaces
shared lawn and patio areas
Building Details
Year built
1949
Floors in Building
1
Number of units
3
Listing Agency:
Keller Williams Realty
(661) 617-6500
Listed By:
Miguel Perez Gallardo
(661) 747-9674
Added: Aug 28
Changed: Aug 31
Last Checked: Sep 1 at 2:06AM
MLS# 202609353
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.
Investment Insights
Based on property information with market context.
This Bakersfield triplex contains 1,260 square feet across three units, with a separate entrance serving each residence. Individual utility meters support distinct unit-level service, while covered parking and extensive paved areas provide on-site vehicle accommodation. The property was built in 1949 and occupies a 0.1233-acre lot.
Outdoor features include fenced areas for the units, along with shared lawn and patio space. The property is located near shopping, dining, schools, and major transportation routes in Bakersfield, California. Its configuration combines multiple residential units with separate access, individual metering, and both private and shared exterior areas.
Outdoor features include fenced areas for the units, along with shared lawn and patio space. The property is located near shopping, dining, schools, and major transportation routes in Bakersfield, California. Its configuration combines multiple residential units with separate access, individual metering, and both private and shared exterior areas.
Key Highlights
- Three‑unit triplex with separate entrances
- 1,260 square feet on a 0.1233‑acre lot
- Individual utility meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,328
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,560
$326.6K
Cap Rate 7%
$233,257
$233.3K
Cap Rate 9%
$181,422
$181.4K
Market Conditions
NOI Build-Up for 1,260 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.9K $19.80/SF
− Vacancy
−$1.6K −$1.29/SF
EGI
$23.3K $18.51/SF
− OpEx
−$7.0K −$5.55/SF
NOI
$16.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$326,560
Cap Rate 7%
$233,257
Cap Rate 9%
$181,422
Alternative Uses
Best Use
Multifamily LT 5
$233.3K
$204.1K – $272.1K
NOI $16,328 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$216.6K
$189.6K – $252.8K
NOI $15,165 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$334.4K
$292.6K – $390.1K
NOI $23,406 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,748
Businesses Nearby
Explore this area
Business Placement
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Income property with individually metered units, covered parking, and fenced outdoor areas.
Where is this triplex located?
The property is located at 3709 Jewett Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Three‑unit triplex with separate entrances; 1,260 square feet on a 0.1233‑acre lot; Individual utility meters for each unit
