Two-Unit
For Sale
Contact for pricing
415 S Haley St, Bakersfield, CA 93307
Both residences offer three bedrooms and one-and-a-half bathrooms within a 2005-built duplex.
Property Size2,155 SF
Price / SF$199.54
Days on Market144
Property Features for 415 S Haley St
General Information
Standard status
Active
Size
2,155 SF
Property subtype
Multifamily
Zoning
R2
Additional Details
Gross Income
$27,000
Multifamily Units
2
Building Details
Year Built
2005
Stories
1
Units
2
Listing Agency:
Clemmer & Company Real Estate Services
(661) 477-2310
Listed By:
Mark Clemmer · License #01994471
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 1:14AM
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 Clemmer & Company Real Estate Services
Investment Insights
Based on property information with market context.
This Bakersfield duplex contains two residential units, each configured with three bedrooms and one-and-a-half bathrooms. The property encompasses 2,155 square feet and was built in 2005, providing a defined two-unit layout for residential income use.
The asset is located at 415 S Haley St in Bakersfield, California, and carries R2 zoning. Its unit configuration and established construction provide a straightforward multifamily property profile for buyers evaluating a duplex asset.
The asset is located at 415 S Haley St in Bakersfield, California, and carries R2 zoning. Its unit configuration and established construction provide a straightforward multifamily property profile for buyers evaluating a duplex asset.
Key Highlights
- Two‑unit duplex with 2,155 SF
- Each unit includes 3 bedrooms and 1.5 bathrooms
- Built in 2005
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
$27,419
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
6.38%
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%
$548,380
$548.4K
Cap Rate 7%
$391,700
$391.7K
Cap Rate 9%
$304,656
$304.7K
Market Conditions
NOI Build-Up for 2,155 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
$41.9K $19.44/SF
− Vacancy
−$2.7K −$1.26/SF
EGI
$39.2K $18.18/SF
− OpEx
−$11.8K −$5.45/SF
NOI
$27.4K $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 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%
$548,380
Cap Rate 7%
$391,700
Cap Rate 9%
$304,656
Alternative Uses
Best Use
Multifamily LT 5
$391.7K
$342.7K – $457.0K
NOI $27,419 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$352.2K
$308.2K – $410.9K
NOI $24,652 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$532.5K
$465.9K – $621.2K
NOI $37,274 @ 7.0% cap · market cap 8.67%
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
414
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms and one-and-a-half bathrooms within a 2005-built duplex.
Where is this duplex located?
The property is located at 415 S Haley St Bakersfield, CA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,155 SF; Each unit includes 3 bedrooms and 1.5 bathrooms; Built in 2005
