2512 Niles, Bakersfield, CA 93306, Bakersfield, 93306 - 4 bed, 3 bath
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2512 Niles
Bakersfield, CA 93306
ACTIVE
CONDITION: POOR
4Beds
3Baths
1,976Sq Ft
6,509Lot Size
Property Price
LIST PRICE$325,000
EST. MARKET VALUE
$332,380
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well below the $349,880 Fair Market Value (effectively at market). While the property requires a comprehensive rehab due to its Fair Condition Rating and aging systems, the versatile triplex layout provides immediate rental income. The asset offers a stable foundation for forced appreciation through strategic renovations. This is a value-add acquisition ideal for Buy-and-Hold Investors or experienced contractors looking to maximize yield in a walkable Bakersfield location.
Estimated Market Value
$332,380
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2512 Niles Subject 4 bd · 3 ba · 1,976 sqft · $168 | $325,000* List Price | 4 | 3 | 1,976 | $168 | - |
A 2819 Monterey Active 6 bd · 4 ba · 2,054 sqft · $192 · 0.4 mi | $395,000 List Price | 6 | 4 | 2,054 | $192 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property is over 30 years old and shows significant deferred maintenance. Interior images reveal safety concerns including exposed electrical wiring for a ceiling fan and visible ceiling patches. The kitchen is dated and cramped, and the presence of window/swamp coolers suggests a lack of modern central HVAC. Overall, the units require a comprehensive rehab to address structural and system aging.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Configuration
The property features a versatile triplex layout including a stand-alone cottage and a separate duplex, offering diversified rental income streams and enhanced privacy for tenants.
- Immediate Cash Flow
With all units currently tenant-occupied, this investment provides immediate rental income from the date of acquisition, eliminating initial vacancy concerns.
- Walkable Location
Situated in a desirable and walkable Bakersfield neighborhood, the property is well-positioned to attract and retain long-term tenants seeking proximity to local amenities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Operational Constraints
Full tenant occupancy may restrict the buyer's ability to perform immediate upgrades or reposition the asset without navigating existing lease agreements.
- Rapid Valuation Increase
The current list price represents a significant jump from the 2023 sale price of $175,000, which may necessitate a thorough review of market comps and property improvements.
About 2512 Niles
A fantastic investment opportunity awaits at 2512 Niles St! This well-established triplex offers a solid blend of space and income potential in a desirable, walkable Bakersfield location. The property features 4 total bedrooms across two single-story buildings, with a spacious stand-alone charming 1 bedroom, 1 bathroom; duplex with a 2 bedroom, 1 bathroom and the other unit is 1 bedroom, 1 bathroom, all set on a generous 6,509 sq ft lot. There is also an oasis area. All units are tenant occupied.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 0
- Lot Size
- 6,509 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 7.5 |
| Baths | 3.0 | 4.0 |
| Square foot | 1,976 | 3,050.111 |
| Lot Size | 6,509 | 8,743.333 |
| Price | $325.0K | $480.4K |
| Price per sq ft | $164 | $188 |
| Built year | 0 | 1966 |
| HOA | $0 | $0 |
| Days on market | 31 | 84 |
Pricing History
Listed for Sale
Oct 18, 2026
$325,000
$350,000
-7% Price Drop
Initial Listing
Price Change
Sep 23, 2026
$350,000
Initial Listing
Sold
Sep 6, 2023
$175,000
Public Record
Sold
Oct 2, 2002
$75,000
Public Record