Duplex with Separate
For Sale
$315,000
515 Wilson Avenue, Bakersfield, CA 93308
Residential Income, Bakersfield, CA
Property Size980 SF
Lot Size0.13 Acres
Price / SF$321.43
Days on Market61
Property Features for 515 Wilson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Elementary school
Wingland
Middle school
Standard
High school
North
Elementary school district
Standard
Subdivision
21
Standard status
Active
APN
11308205
Size
980 SF
Lot size
0.13 Acres
Building Details
Year built
1930
Floors in Building
1
Number of units
2
Listing Agency:
Keller Williams Realty
(661) 617-6500
Listed By:
Phil M Jordan
(805) 453-8353
Added: Aug 7
Changed: Aug 26
Last Checked: Oct 6 at 7:06PM
MLS# 202608498
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 1930-built duplex property includes a primary residence and a separate studio at the rear of the lot. The main home has been expanded and reconfigured with additional living and sleeping areas, two full bathrooms, and a renovated basement with 6-foot ceilings and concrete flooring. The rear studio has its own private driveway and is physically separate from the front residence.
Both residences are tenant-occupied and have dedicated long tandem-parking driveways. The property also includes a carport, fenced front and rear outdoor areas, and a 0.13-acre lot. Located at 515 Wilson Avenue in Bakersfield, the property offers a two-residence configuration with independent access for the rear unit.
Both residences are tenant-occupied and have dedicated long tandem-parking driveways. The property also includes a carport, fenced front and rear outdoor areas, and a 0.13-acre lot. Located at 515 Wilson Avenue in Bakersfield, the property offers a two-residence configuration with independent access for the rear unit.
Key Highlights
- Two tenant‑occupied residences on a 0.13‑acre lot
- Main home includes expanded living and sleeping areas with two full bathrooms
- Renovated basement features 6‑foot ceilings and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,700
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,000
$254.0K
Cap Rate 7%
$181,429
$181.4K
Cap Rate 9%
$141,111
$141.1K
Market Conditions
NOI Build-Up for 980 SF
Gross rent
$19.4K $19.80/SF
− Vacancy
−$1.3K −$1.29/SF
EGI
$18.1K $18.51/SF
− OpEx
−$5.4K −$5.55/SF
NOI
$12.7K $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 Rate 5%
$254,000
Cap Rate 7%
$181,429
Cap Rate 9%
$141,111
Alternative Uses
Best Use
Multifamily LT 5
$181.4K
$158.8K – $211.7K
NOI $12,700 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$168.5K
$147.4K – $196.6K
NOI $11,795 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$260.1K
$227.6K – $303.4K
NOI $18,204 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
548
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
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
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 - Tenant-occupied duplex with an independent rear studio, fenced outdoor areas, private access, and tandem parking drives.
Where is this duplex located?
The property is located at 515 Wilson Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two tenant‑occupied residences on a 0.13‑acre lot; Main home includes expanded living and sleeping areas with two full bathrooms; Renovated basement features 6‑foot ceilings and concrete flooring
