Single-Level Fourplex with Garage
For Sale
Contact for pricing
6701 Klamath Way, Bakersfield, CA 93309
Built in 1983, this fourplex offers one 3-bedroom/2-bath unit and three 2-bedroom/1-bath units with garage parking.
Property Size4,128 SF
Price / SF$181.44
Days on Market123
Property Features for 6701 Klamath Way
General Information
Standard status
Active
Size
4,128 SF
Property subtype
Multifamily
Building Details
Year Built
1983
Listing Agency:
ASU Commercial
(661) 889-6597
Listed By:
Marc Thurston · License #CA 01099353
Source:
Crexi
Added: Apr 2
Changed: Jul 23
Last Checked: Jul 24 at 4:15PM
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 1983, 6701 Klamath Way is a well-maintained, single-level fourplex featuring one 3-bedroom/2-bath unit and three 2-bedroom/1-bath units. Each unit includes garage parking and convenient laundry hookups, supporting everyday tenant functionality.
The property is situated on a highly desirable fourplex street in Bakersfield, with mature trees and distinctive architecture that give the surrounding homes their own character.
For investors or owner-operators seeking a straightforward small multifamily configuration, the unit mix is designed around two-bedroom living for three households, complemented by a larger 3-bedroom/2-bath layout within the same building.
The property is situated on a highly desirable fourplex street in Bakersfield, with mature trees and distinctive architecture that give the surrounding homes their own character.
For investors or owner-operators seeking a straightforward small multifamily configuration, the unit mix is designed around two-bedroom living for three households, complemented by a larger 3-bedroom/2-bath layout within the same building.
Key Highlights
- Built in 1983, single‑level 4‑plex totaling approximately 4,128 SF.
- Unit mix: one 3‑bedroom/2‑bath unit and three 2‑bedroom/1‑bath units.
- All units include garage parking and convenient laundry hookups.
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 | $81.7k | $19.80 |
| − Vacancy | −$5.3k | −$1.29 |
| EGI | $76.4k | $18.51 |
| − OpEx | −$22.9k | −$5.55 |
| NOI | $53.5k | $12.96 |
4,128 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$764.2K
$668.7K – $891.6K
NOI $53,495 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$709.8K
$621.1K – $828.1K
NOI $49,684 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.10M
$958.5K – $1.28M
NOI $76,682 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 93309, CA
61,079
Population
23,546
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
10.5 sq mi
ZIP Area
5,817
Density / Sq Mi
$62,143
Median Household Income
$36,281
Median Earnings
$1,268
Median Rent
$286,600
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?
Quadplex - Built in 1983, this fourplex offers one 3-bedroom/2-bath unit and three 2-bedroom/1-bath units with garage parking.
Where is this quadplex located?
The property is located at 6701 Klamath Way Bakersfield, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Built in 1983, single‑level 4‑plex totaling approximately 4,128 SF.; Unit mix: one 3‑bedroom/2‑bath unit and three 2‑bedroom/1‑bath units.; All units include garage parking and convenient laundry hookups.
