Duplex With Garage
For Sale
$299,000
411 Lincoln Avenue, Bakersfield, CA 93308
Two homes occupy one parcel, with garage space and evaporative cooling.
Property Size1,526 SF
Days on Market208
Property Features for 411 Lincoln Avenue
General Information
Standard status
Active
Size
1,526 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2bd 1ba, 1 x 1bd 1ba
Multifamily Units
2
Amenities
Evaporative
Building Details
Building Size
1,526 SF
Year Built
1950
Stories
1
Listing Agency:
St. Clair Realty
(661) 377-6124
Listed By:
Joshua Perez
(661) 377-6124
Source:
Kw
Added: Feb 4
Changed: Aug 30
Last Checked: Aug 30 at 10:36PM
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 St. Clair Realty
Investment Insights
Based on property information with market context.
This duplex property includes two homes on a single lot: one residence offers two bedrooms and one bathroom, while the second provides one bedroom and one bathroom. Built in 1950, the property includes evaporative cooling and additional garage space.
The garage may offer potential for rental use or conversion, subject to applicable zoning, permits, and buyer verification. The configuration provides two separate residential units within one property, with the existing garage adding another functional component for evaluation.
The garage may offer potential for rental use or conversion, subject to applicable zoning, permits, and buyer verification. The configuration provides two separate residential units within one property, with the existing garage adding another functional component for evaluation.
Key Highlights
- Two homes situated on one lot
- Unit mix includes 2bd 1ba and 1bd 1ba homes
- Garage space may be rentable or convertible, subject to zoning and permits
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
$19,776
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
6.61%
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%
$395,520
$395.5K
Cap Rate 7%
$282,514
$282.5K
Cap Rate 9%
$219,733
$219.7K
Market Conditions
NOI Build-Up for 1,526 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
$30.2K $19.80/SF
− Vacancy
−$2.0K −$1.29/SF
EGI
$28.3K $18.51/SF
− OpEx
−$8.5K −$5.55/SF
NOI
$19.8K $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 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%
$395,520
Cap Rate 7%
$282,514
Cap Rate 9%
$219,733
Alternative Uses
Best Use
Multifamily LT 5
$282.5K
$247.2K – $329.6K
NOI $19,776 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$262.4K
$229.6K – $306.1K
NOI $18,367 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$405.0K
$354.3K – $472.5K
NOI $28,347 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
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?
Duplex - Two homes occupy one parcel, with garage space and evaporative cooling.
Where is this duplex located?
The property is located at 411 Lincoln Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two homes situated on one lot; Unit mix includes 2bd 1ba and 1bd 1ba homes; Garage space may be rentable or convertible, subject to zoning and permits
