Triplex with Updated Roof and
For Sale
$565,000
110 E 2nd Street, Hanford, CA 93230
Multi-Family, Hanford, CA
Property Size3,131 SF
Lot Size0.17 Acres
Price / SF$180.45
Days on Market137
Property Features for 110 E 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM3
Parking features
Open
Fencing
Wood, Fenced
Directions
East on third street turn right on Douty left on 2nd
Subdivision
South East Hanford
Standard status
Active
APN
012125019000
Size
3,131 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
laundry hookups
Building Details
Floors in Building
1
Roof type
Composition
Listing Agency:
Hoekstra & Associates Inc
Listed By:
Jaime Martinez
(310) 849-1528
Added: Jun 2
Changed: Sep 17
Last Checked: Oct 16 at 8:06PM
MLS# 234353
Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This triplex comprises 3,131 square feet on a 0.1722-acre parcel. The front residence includes 3 bedrooms and 2 bathrooms and faces E 2nd Street, while the rear structure contains two additional 3-bedroom, 2-bathroom units with separate alley access. Each residence has laundry hookups, providing consistent functionality across the property. Recent capital improvements include a new roof and new windows.
The property is located in Hanford, CA, within RM3 zoning. Public water and public sewer serve the parcel. Exterior features include open parking, wood fencing, and a composition roof. The three-unit configuration combines a detached front home with a two-unit rear building on one parcel.
The property is located in Hanford, CA, within RM3 zoning. Public water and public sewer serve the parcel. Exterior features include open parking, wood fencing, and a composition roof. The three-unit configuration combines a detached front home with a two-unit rear building on one parcel.
Key Highlights
- 3,131‑square‑foot triplex on a 0.1722‑acre parcel
- Three 3‑bedroom, 2‑bathroom units
- Rear building provides separate alley access for two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,405
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,100
$768.1K
Cap Rate 7%
$548,643
$548.6K
Cap Rate 9%
$426,722
$426.7K
Market Conditions
NOI Build-Up for 3,131 SF
Gross rent
$57.5K $18.36/SF
− Vacancy
−$2.6K −$0.84/SF
EGI
$54.9K $17.52/SF
− OpEx
−$16.5K −$5.26/SF
NOI
$38.4K $12.27/SF
Area
Kings County, CA
Vacancy
4.56%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$768,100
Cap Rate 7%
$548,643
Cap Rate 9%
$426,722
Alternative Uses
Best Use
Multifamily LT 5
$548.6K
$480.1K – $640.1K
NOI $38,405 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$489.0K
$427.9K – $570.5K
NOI $34,230 @ 7.0% cap · market cap 6.06%
Theoretical Best
Healthcare Medical
$989.2K
$865.6K – $1.15M
NOI $69,245 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,165
Businesses Nearby
Explore this area
Business Placement
Demographics for 93230, CA
68,412
Population
23,149
Households
3
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
258.1 sq mi
ZIP Area
265
Density / Sq Mi
$73,558
Median Household Income
$44,074
Median Earnings
$1,208
Median Rent
$321,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three full-size residences with laundry hookups, public utilities, fenced grounds, and open parking.
Where is this triplex located?
The property is located at 110 E 2nd Street Hanford, CA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 3,131‑square‑foot triplex on a 0.1722‑acre parcel; Three 3‑bedroom, 2‑bathroom units; Rear building provides separate alley access for two units
