Three-Home Residential Income
For Sale
$449,900
34442 Millwood Drive, Woodlake, CA 93286
MULTI_FAMILY - Woodlake, CA
Property Size2,700 SF
Lot Size0.56 Acres
Price / SF$166.63
Days on Market49
Property Features for 34442 Millwood Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 6, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2
Directions
Head East on ave 328/millwood, homes are on the right
Subdivision
WoodLake
Standard status
Active
APN
059170002000
Size
2,700 SF
Lot size
0.56 Acres
Utilities
Sewer type
Septic Tank
Heating system
Wall Furnace
Water source
Well
Building Details
Year built
1957
Floors in Building
1
Number of units
3
Listing Agency:
Century 21 Select Real Estate · Century 21 Real Estate
(559) 733-9696
Listed By:
Elisa G Bahena · License #02156080
(559) 510-6082
Added: Jun 12
Changed: Jul 30
Last Checked: Jul 30 at 5:06PM
MLS# 242293
Copyright © 2026 Tulare County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property consists of three separate homes on a single 0.56-acre lot. Each home is configured with 2 bedrooms and 1 bathroom, providing self-contained living arrangements for tenants. The offering is sold as-is, and the homes are currently occupied, so please do not disturb tenants.
The property is located at 34442 Millwood Drive in Woodlake, California (Tulare County). Water service is currently provided by a shared well; however, a new well has already been installed. The process of connecting the new well has been initiated, and only final plumbing and electrical connections remain to complete the changeover.
For buyers seeking a residential income setup with multiple units under one ownership, the property’s three separate dwellings and consistent 2-bedroom, 1-bath layouts may offer straightforward tenant compatibility. The in-progress well connection work is an important item to account for during due diligence, particularly since the sale is being delivered on an as-is basis.
The property is located at 34442 Millwood Drive in Woodlake, California (Tulare County). Water service is currently provided by a shared well; however, a new well has already been installed. The process of connecting the new well has been initiated, and only final plumbing and electrical connections remain to complete the changeover.
For buyers seeking a residential income setup with multiple units under one ownership, the property’s three separate dwellings and consistent 2-bedroom, 1-bath layouts may offer straightforward tenant compatibility. The in-progress well connection work is an important item to account for during due diligence, particularly since the sale is being delivered on an as-is basis.
Key Highlights
- Three separate homes on a 0.56‑acre property, each with 2 bedrooms and 1 bathroom
- Shared well currently services the property; a new well has been installed with final plumbing and electrical connections needed
- Heating includes wall furnaces
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.3k | $13.80 |
| − Vacancy | −$2.4k | −$0.89 |
| EGI | $34.9k | $12.91 |
| − OpEx | −$10.5k | −$3.87 |
| NOI | $24.4k | $9.04 |
2,700 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$348.5K
$305.0K – $406.6K
NOI $24,397 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$320.3K
$280.3K – $373.7K
NOI $22,421 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$820.1K
$717.6K – $956.8K
NOI $57,409 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 93286, CA
9,735
Population
3,074
Households
3.2
Avg Household Size
33
Median Age
12%
College-Educated
61%
High-School Grad
72.6 sq mi
ZIP Area
134
Density / Sq Mi
$47,242
Median Household Income
$28,711
Median Earnings
$983
Median Rent
$288,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate 2-bedroom, 1-bath homes on a 0.56-acre lot, with a new well installed and pending final connections.
Where is this triplex located?
The property is located at 34442 Millwood Drive Woodlake, CA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three separate homes on a 0.56‑acre property, each with 2 bedrooms and 1 bathroom; Shared well currently services the property; a new well has been installed with final plumbing and electrical connections needed; Heating includes wall furnaces
