
Bakersfield, CA 93301
This Residential Income Duplex represents a High-Potential Investment Opportunity, listed at a List Price of $485,000, which is currently priced slightly above the $478,224 Fair Market Value. While the property lacks an immediate equity gap, it offers a stable, turnkey Dual Income Stream with both units currently occupied at market rates. Featuring a Condition Rating of 4, the structure requires modernization to maximize long-term yield. This is a reliable, income-producing asset ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate, stabilized cash flow in Central Bakersfield.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2112 C St Subject | $485,000* List Price | 0 | 0 | 1,967 | $243 | - |
A 2124 E ABC Pending | $520,000 List Price | 0 | 0 | 2,035 | $256 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1909, this century-old duplex is functional and currently rented, but shows clear signs of age. The exterior siding and porch exhibit wear typical of a property that has not had a major renovation in over 20 years. With no mention of updated HVAC, electrical systems, or modern kitchen/bath remodels, the property is considered dated and will likely require minor repairs and modernization to maintain market competitiveness.
The property features two separate 2-bedroom, 1-bath homes on a single parcel, offering a rare configuration that maximizes rental yield and reduces vacancy risk.
Both units are currently occupied at market-rate rents, providing investors with stabilized, turnkey income from the day of acquisition without requiring a value-add period.
Situated in an established Central Bakersfield neighborhood, the property benefits from consistent rental demand and proximity to local amenities, ensuring long-term occupancy.
Built in 1909, the structures may require higher-than-average maintenance costs or capital expenditures for aging systems such as plumbing, electrical, and roofing.
The current list price of $485,000 represents a very modest increase over the 2021 sale price of $475,000, suggesting slower equity growth in the current market cycle.
Rare Central Bakersfield Multifamily Opportunity Opportunities to own two separate 2-bedroom, 1-bath homes on a single parcel rarely come available in Central Bakersfield. Both units are currently rented at market rate, offering an investor immediate income from an established property. The two-structure setup provides flexibility that is hard to find, hold both units for dual rental income, improve and reposition the property over time, or take advantage of future exit opportunities. Located in an established Central Bakersfield neighborhood with consistent rental demand, this property is well suited for buy-and-hold investors, portfolio builders, and 1031 exchange buyers looking for stabilized income without the need for a major value-add project. Two homes. One parcel. Immediate income. A hard-to-find investment opportunity in Central Bakersfield.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 1,967 | 3,255.25 |
| Lot Size | 6,997 | 9,020 |
| Price | $485.0K | $503.0K |
| Price per sq ft | $247 | $185 |
| Built year | 1909 | 1968 |
| HOA | $0 | $0 |
| Days on market | 23 | 83 |
Aug 17, 2026
$485,000
Initial Listing
May 27, 2021
$475,000
Public Record
Jul 12, 2012
$255,000
Public Record
Feb 23, 1996
$150,000
Public Record