200 Oregon, Bakersfield, CA 93305, Bakersfield, 93305 - 0 bed, 0 bath
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Bakersfield, CA 93305
This multifamily property presents a Strong Value Opportunity with a List Price of $349,900—positioned well below the $377,047 Fair Market Value by 7%. This valuation gap offers $27,147 in Instant Equity. Featuring a Fair Condition Rating, the asset offers significant upside through a 2-car garage ADU conversion and interior modernization. While local school ratings are low, the property’s 2,101 sqft footprint and duplex configuration provide a stable foundation for Buy-and-Hold Investors or Owner-Occupants seeking a house-hacking strategy.
Property is extensive renovation needed.
The property was built in 1925 (>30 years old) with no mention of recent renovations to major systems, kitchens, or baths. The exterior shows dated windows and older rooftop HVAC units, and the listing's emphasis on 'potential to renovate' and 'opportunity for investors' suggests the interior requires significant rehabilitation to meet modern standards.
As a duplex featuring a 1-bedroom and a 2-bedroom unit, this property offers immediate rental income or a flexible house-hacking opportunity for owner-occupants.
The existing 2-car garage presents a significant value-add opportunity to be converted into an Accessory Dwelling Unit (ADU), allowing for a third income stream on the same lot.
With 2,101 square feet of living area, the units provide a more spacious footprint than many older multi-family properties, increasing their appeal to potential tenants.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5993, other record lot size in square feet = 6098.
Built in 1925, the property may require substantial investment to modernize aging systems such as electrical, plumbing, and foundation to meet current building standards.
The assigned elementary and middle schools carry low ratings (2/10), which may limit the property's attractiveness to long-term family tenants and impact future appreciation.
This multifamily property is perfect for any investor or owner occupant. The well established property features 2 units. Unit 1 features 1 Bedroom and 1 Bathroom while Unit 2 features 2 Bedroom and 1 Bathroom. This property has the potential to renovate the 2 car garage into and ADU and generate another living space. There's many great features and an opportunity to expand the your investment.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,101 | - |
| Lot Size | 5,993 | - |
| Price | $339.9K | $549.6K |
| Price per sq ft | $162 | $176 |
| Built year | 1925 | 0 |
| HOA | $0 | $0 |
| Days on market | 76 | 79 |
Jun 30, 2026
$339,900
$349,900
-3% Price Drop
Initial Listing
May 8, 2026
$349,900
Initial Listing