Versatile Multifamily Property in
615 Flower Street Bakersfield, CA 93305
615 Flower Street, Bakersfield, CA, 93305
$415,000
For Sale
$415,000
MULTI_FAMILY - Bakersfield, CA
Property Size1,913 SF
Lot Size0.26 Acres
Price / SF$216.94
Days on Market50
Property Features for 615 Flower Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage, Covered
- Standard status
- Active
- APN
- 01319004
- Size
- 1,913 SF
- Lot size
- 0.26 Acres
Building Details
- Year built
- 1913
- Floors in Building
- 1
- Number of units
- 3
Listing Agency
Miramar Realty
(661) 381-6500
9700 Stockdale Hwy, Suite 329, Bakersfield, CA
Listed by
Jessica Fuentes-Mata
(661) 378-8061
Added: May 29 Checked: Jul 17 at 8:06 am
MLS# 202605811
Listing URL
Copyright © 2026 Bakersfield Association of Realtors. 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 property in Bakersfield, California, presents a rare opportunity with three separate units. The main house features 3 bedrooms, 2 bathrooms, a spacious layout, and a detached 2-car garage. Behind the main residence is a duplex containing two additional units. Unit A is a full 1-bedroom, 1-bathroom unit with a living room, kitchen, and a newer mini-split system. Unit B is a studio-style unit with a kitchenette. All three units offer individual laundry hookups and private off-street parking. The property is situated on a 0.26-acre lot. The main house and duplex provide flexibility for multi-generational living, owner-occupancy with supplemental income, or investment. The property offers a total of 1913 square feet of living space. The property is located in Kern County.
Key Highlights
- 1913‑built property with 3 separate units: main home plus a duplex behind the residence
- Main home has 3 bedrooms and 2 bathrooms, plus a detached 2‑car garage
- Duplex includes Unit A: 1 bed, 1 bath with living room and kitchen, with a newer mini‑split system
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.9k | $19.80 |
| − Vacancy | −$2.5k | −$1.29 |
| EGI | $35.4k | $18.51 |
| − OpEx | −$10.6k | −$5.55 |
| NOI | $24.8k | $12.96 |
1,913 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$354.2K
$309.9K – $413.2K
NOI $24,791 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$328.9K
$287.8K – $383.7K
NOI $23,024 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$507.7K
$444.2K – $592.3K
NOI $35,536 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Three units: house, one-bedroom, and studio with income potential.
Where is this multifamily property located?
The property is located at 615 Flower Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 1913‑built property with 3 separate units: main home plus a duplex behind the residence; Main home has 3 bedrooms and 2 bathrooms, plus a detached 2‑car garage; Duplex includes Unit A: 1 bed, 1 bath with living room and kitchen, with a newer mini‑split system
