Fourplex with Garage
New
For Sale
$700,000
4701 Columbus Street, Bakersfield, CA 93306
Residential Income, Bakersfield, CA
Property Size5,059 SF
Lot Size0.27 Acres
Price / SF$138.37
Days on Market4
Property Features for 4701 Columbus Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Garage
Elementary school
Eissler, Henry
Middle school
Chipman
High school
Highland
Subdivision
32
Standard status
Active
APN
14616006
Size
5,059 SF
Lot size
0.27 Acres
Amenities
private patio
Building Details
Year built
1972
Floors in Building
1
Number of units
4
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Miriam Alqaisi · License #02117249
(661) 748-9068
Added: Oct 12
Changed: Oct 14
Last Checked: Oct 15 at 3:06AM
MLS# 202610896
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 connected four-unit property contains a 3-bedroom, 1.75-bath front residence and three rear residences, each with 2 bedrooms and 1.75 baths. Every unit includes a primary suite with a 0.75 bath and a private patio. The front home has an attached garage; the three rear units have detached garages accessed from the alley. The building totals 5,059 square feet on a 0.2712-acre lot and was built in 1972.
The property is at 4701 Columbus Street in Bakersfield. All four units are occupied; the shortest current tenancy began in 2020. The configuration combines one larger front home with three similarly sized rear units, each with its own garage and patio.
The property is at 4701 Columbus Street in Bakersfield. All four units are occupied; the shortest current tenancy began in 2020. The configuration combines one larger front home with three similarly sized rear units, each with its own garage and patio.
Key Highlights
- Four‑unit property with a 3‑bedroom front home and three 2‑bedroom rear units
- Each residence has 1.75 baths, including a primary suite with a 0.75 bath
- 5,059‑square‑foot building on a 0.2712‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,508
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,160
$1.2M
Cap Rate 7%
$850,114
$850.1K
Cap Rate 9%
$661,200
$661.2K
Market Conditions
NOI Build-Up for 5,059 SF
Gross rent
$114.1K $22.56/SF
− Vacancy
−$5.9K −$1.17/SF
EGI
$108.2K $21.39/SF
− OpEx
−$48.7K −$9.62/SF
NOI
$59.5K $11.76/SF
Area
ZIP 93306
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,160
Cap Rate 7%
$850,114
Cap Rate 9%
$661,200
Alternative Uses
Best Use
Multifamily LT 5
$946.6K
$828.3K – $1.10M
NOI $66,261 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$850.1K
$743.9K – $991.8K
NOI $59,508 @ 7.0% cap · market cap 8.50%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,659 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 93306, CA
74,623
Population
23,789
Households
3.1
Avg Household Size
32
Median Age
18%
College-Educated
77%
High-School Grad
97.3 sq mi
ZIP Area
767
Density / Sq Mi
$66,988
Median Household Income
$35,696
Median Earnings
$1,219
Median Rent
$290,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are occupied, with a garage serving each unit.
Where is this quadplex located?
The property is located at 4701 Columbus Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four‑unit property with a 3‑bedroom front home and three 2‑bedroom rear units; Each residence has 1.75 baths, including a primary suite with a 0.75 bath; 5,059‑square‑foot building on a 0.2712‑acre lot
