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Rehabbed Triplex in Bakersfield

722 S Williams Street Bakersfield, CA 93307

722 S Williams Street, Bakersfield, CA, 93307
$575,000
Pending
For Sale
Claim this Listing
$575,000
Pending

MULTI_FAMILY - Bakersfield, CA

Property Size2,700 SF
Lot Size0.17 Acres
AddedNov 28, 2025
Days on Market230
Last RefreshJul 16 at 12:06 am

Property Features for 722 S Williams Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Standard status
Pending
APN
019-121-02
Size
2,700 SF
Lot size
0.17 Acres

Utilities

Cooling system
Ductless

Building Details

Year built
1986
Number of units
3
Building materials
Stucco, Shingle Siding

Listing agent Guillermina Janov License #01795330

Listing office Kasa Homes Realty 2243 W Ave O, Palmdale, CA

Listing date Nov 28, 2025

MLS# 25008978 Listing URL

Copyright © 2026 Greater Antelope Valley 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 beautifully rehabbed triplex presents an exceptional investment opportunity. Each of the two-story townhouses features three bedrooms and one and a half baths. The units have been thoughtfully updated with modern finishes, fresh interior and exterior paint, new flooring, upgraded kitchens with contemporary cabinetry and countertops, and updated vanity bathrooms. Mini splits have been installed in all units, replacing swamp coolers. Each unit also has new security doors and mini blinds. Two units feature new water heaters. The property includes two-car parking spaces for each unit. A new fence surrounds the property, providing privacy for the tenants. This turnkey property is ready to generate immediate income. With month-to-month tenants, this triplex is ideal for new and seasoned investors. The property is located in Bakersfield, California, on a lot of approximately 0.17 acres. The building size is approximately 2700 square feet. The zoning is R-2.

Key Highlights

  • Turnkey triplex generating immediate income with month‑to‑month tenants.
  • Fully rehabbed units featuring modern finishes, new flooring, upgraded kitchens and bathrooms.
  • Each unit has 3 bedrooms and 1 1/2 baths.

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 $52.5k $19.44
− Vacancy −$3.4k −$1.26
EGI $49.1k $18.18
− OpEx −$14.7k −$5.45
NOI $34.4k $12.72
2,700 SF · lease $19.44/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$490.8K
$429.4K – $572.6K (±1% cap)
NOI $34,353 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$441.2K
$386.1K – $514.8K (±1% cap)
NOI $30,887 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$667.1K
$583.8K – $778.3K (±1% cap)
NOI $46,700 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Dental Office Skin Care Clinic Electrical Service Gym & Fitness Center Spa & Massage Center Locksmith Computer & Electronic Repair Acupuncture

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Updated triplex with modern finishes, ready for immediate income.
Where is this triplex located?
The property is located at 722 S Williams Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Turnkey triplex generating immediate income with month‑to‑month tenants.; Fully rehabbed units featuring modern finishes, new flooring, upgraded kitchens and bathrooms.; Each unit has 3 bedrooms and 1 1/2 baths.
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