Townhouse-Style Duplex with
For Sale
$520,000
5716 Castlegate Lane, Bakersfield, CA 93308
Two townhouse-style units offer attached garages, three bedrooms, two-and-a-half bathrooms, and laundry hookups in each residence.
Property Size2,782 SF
Price / SF$186.92
Days on Market42
Property Features for 5716 Castlegate Lane
General Information
Standard status
Active
Size
2,782 SF
Total Parking Spaces
4
Property subtype
Duplex
Financials
Asking Price
$560,000
Gross Income
$43,320
Average Monthly Rent
$1,805
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Parking per Unit
2
Amenities
Central AC
Central Heat
Building Details
Year Built
2003
Buildings
1
Stories
2
Listing Agency:
ASU Commercial
(661) 889-6597
Listed By:
Marc Thurston · License #01099353
(661) 889-6597
Source:
Kw
Added: Jul 18
Changed: Aug 25
Last Checked: Aug 26 at 3:36PM
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 ASU Commercial
Investment Insights
Based on property information with market context.
Built in 2003, this duplex contains approximately 2,782 square feet across two townhouse-style residences. Each unit includes three bedrooms, two-and-a-half bathrooms, an attached two-car garage, and laundry hookups. The property is configured for separate residential occupancy within one income-producing asset.
A neighboring duplex at 5706-5708 Castlegate Lane is also available, allowing an acquisition that would combine two adjacent duplex properties and four total units at the same location.
A neighboring duplex at 5706-5708 Castlegate Lane is also available, allowing an acquisition that would combine two adjacent duplex properties and four total units at the same location.
Key Highlights
- Approximately 2,782 square feet in a duplex configuration
- Built in 2003
- Two townhouse‑style units, each with 3 bedrooms and 2.5 bathrooms
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
$36,052
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
6.93%
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%
$721,040
$721.0K
Cap Rate 7%
$515,029
$515.0K
Cap Rate 9%
$400,578
$400.6K
Market Conditions
NOI Build-Up for 2,782 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
$55.1K $19.80/SF
− Vacancy
−$3.6K −$1.29/SF
EGI
$51.5K $18.51/SF
− OpEx
−$15.5K −$5.55/SF
NOI
$36.1K $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%
$721,040
Cap Rate 7%
$515,029
Cap Rate 9%
$400,578
Alternative Uses
Best Use
Multifamily LT 5
$515.0K
$450.7K – $600.9K
NOI $36,052 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$478.3K
$418.5K – $558.1K
NOI $33,483 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$738.3K
$646.0K – $861.3K
NOI $51,678 @ 7.0% cap · market cap 9.94%
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
262
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 townhouse-style units offer attached garages, three bedrooms, two-and-a-half bathrooms, and laundry hookups in each residence.
Where is this duplex located?
The property is located at 5716 Castlegate Lane Bakersfield, CA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Approximately 2,782 square feet in a duplex configuration; Built in 2003; Two townhouse‑style units, each with 3 bedrooms and 2.5 bathrooms
