Two-Home Duplex
New
For Sale
$319,000
741 S Shafter Street, Shafter, CA 93263
Residential Income, Shafter, CA
Property Size1,216 SF
Lot Size0.22 Acres
Price / SF$262.34
Days on Market2
Property Features for 741 S Shafter Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered
Elementary school
Golden Oak
Middle school
Richland
High school
Shafter
Subdivision
95
Standard status
Active
APN
02621011
Size
1,216 SF
Lot size
0.22 Acres
Building Details
Year built
1920
Floors in Building
1
Number of units
2
Listing Agency:
Avalar Real Estate Alliance
(805) 815-9600
Listed By:
Carina A Ceja
(661) 586-8070
Added: Oct 19
Last Checked: Oct 20 at 2:06PM
MLS# 202611126
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex property at 741 S Shafter Street in Shafter includes two residences on a 0.22-acre parcel. The recorded building area is 1,216 square feet, and the property dates to 1920. Covered parking is available.
The residences can be used together as rentals or arranged for owner occupancy in one home while the other is rented.
The residences can be used together as rentals or arranged for owner occupancy in one home while the other is rented.
Key Highlights
- Two residences on a 0.22‑acre parcel
- 1,216 square feet of building area
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,178
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,560
$303.6K
Cap Rate 7%
$216,829
$216.8K
Cap Rate 9%
$168,644
$168.6K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$22.3K $18.36/SF
− Vacancy
−$643 −$0.53/SF
EGI
$21.7K $17.83/SF
− OpEx
−$6.5K −$5.35/SF
NOI
$15.2K $12.48/SF
Area
Kern County, CA
Vacancy
2.88%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,560
Cap Rate 7%
$216,829
Cap Rate 9%
$168,644
Alternative Uses
Best Use
Multifamily LT 5
$216.8K
$189.7K – $253.0K
NOI $15,178 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$200.1K
$175.1K – $233.5K
NOI $14,008 @ 7.0% cap · market cap 4.39%
Theoretical Best
Warehouse
$259.8K
$227.3K – $303.1K
NOI $18,184 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 93263, CA
22,341
Population
6,489
Households
3.4
Avg Household Size
29
Median Age
11%
College-Educated
72%
High-School Grad
92.2 sq mi
ZIP Area
242
Density / Sq Mi
$66,774
Median Household Income
$32,973
Median Earnings
$1,182
Median Rent
$301,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences share a parcel, with the option to occupy one and lease the other or rent both.
Where is this duplex located?
The property is located at 741 S Shafter Street Shafter, CA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two residences on a 0.22‑acre parcel; 1,216 square feet of building area; Built in 1920
