605 Lincoln Avenue, Bakersfield, CA 93308, Bakersfield, 93308 - 5 bed, 4 bath
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Bakersfield, CA 93308
This Multi-Unit Residential Income Property offers a versatile layout featuring a detached 2-bedroom front house and three 1-bedroom units. Listed at $595,000, the property is priced competitively relative to its $546,943 Fair Market Value, accounting for its turnkey status and unique parking assets. Boasting a Condition Rating of 4, the property includes a private 2-car garage and covered parking, significantly enhancing tenant desirability. This well-maintained asset is a strategic choice for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hack in Bakersfield.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 605 Lincoln Avenue Subject | $595,000* List Price | 5 | 4 | 2,340 | $234 | - |
A 820 Woodrow Sold | $539,000 | 0 | 0 | 2,256 | $239 | 0.4 mi |
B 326 Beardsley Avenue Active | $424,999 List Price | 0 | 0 | 2,168 | $196 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this property shows a mix of conditions. While it has been maintained with newer laminate flooring and some updated bathroom tiling, the kitchen cabinetry is dated and the units rely on older wall heaters and window AC units rather than modern central HVAC systems.
The property features a unique layout with a detached 2-bedroom front house and three 1-bedroom units, offering excellent flexibility for owner-occupants or investors seeking diversified rental income.
Unlike many multi-family properties, this site provides a private 2-car garage for the main house and covered parking for the rear units, significantly increasing tenant desirability and retention.
The property has been well-maintained and thoughtfully updated with numerous upgrades, reducing the immediate need for capital expenditures and allowing for immediate cash flow.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6596, other record lot size in square feet = 6534. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Originally constructed in 1950, the property may require ongoing maintenance or future capital improvements to aging systems despite recent cosmetic and functional upgrades.
The local elementary and middle schools carry lower performance ratings (ranging from 2 to 4), which may limit the appeal for long-term family tenants and impact future appreciation.
Investment Opportunity is knocking! Welcome to this well maintained quadruplex located at 605 Lincoln Ave in Bakersfield. This versatile property has been thoughtfully updated with numerous upgrades, offering both comfort and income potential. The front house features a spacious 2 bedroom, 1 bath layout, complete with its own private 2 car garage perfect for an owner occupant seeking privacy and convenience. Behind the main home, you'll find three additional 1 bedroom, 1 bath units. Each unit includes a comfortable living room, functional kitchen, and a cozy dining area, making them highly desirable for tenants. Units A and B are located upstairs and enjoy access to covered parking, while Unit C is situated downstairs with convenient alley access. Whether you're looking to live in the front and generate rental income from the back units, or expand your investment portfolio, this property offers excellent flexibility and strong income potential. Don't miss this opportunity to own a multi unit property in a convenient Bakersfield location!
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 80% |
| Baths | 4.0 | 0.0 | 80% |
| Square foot | 2,340 | 2,256 | 60% |
| Lot Size | 6,596 | 6,534 | 60% |
| Price | $595.0K | $539.0K | 60% |
| Price per sq ft | $254 | $193 | 80% |
| Built year | 1950 | 1939 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 114 | 20% |
Mar 25, 2026
$595,000
Initial Listing
Dec 15, 2023
$475,000
Public Record