Hanford Triplex with Alley
110 E 2nd Street Hanford, CA 93230
110 E 2nd Street, Hanford, CA, 93230
$565,000
For Sale
$565,000
MULTI_FAMILY - Hanford, CA
Property Size3,131 SF
Lot Size0.17 Acres
Price / SF$180.45
Days on Market47
Property Features for 110 E 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- RM3
- Parking features
- Open
- Fencing
- Fenced, Wood
- Standard status
- Active
- APN
- 012125019000
- Size
- 3,131 SF
- Lot size
- 0.17 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 1
- Roof type
- Composition
Listing Agency
Hoekstra & Associates Inc
CA
Listed by
Jaime Martinez
(310) 849-1528
Added: Jun 2 Checked: Jul 18 at 4:06 am
MLS# 234353
Listing URL
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.
Investment Insights
Based on property information with market context.
This Hanford triplex is offered for sale for the first time since 2006 and sits on a single parcel. The property consists of three full-size units: a front house with three bedrooms and two bathrooms facing E 2nd Street, plus a rear building containing two additional three-bedroom, two-bath units. The two rear units each have their own access from the alley, providing practical separation of entries. Recent upgrades include a new roof and new windows, and all units include laundry hookups.
The front home faces 2nd Street, while the rear units are reached via alley access. The property’s configuration on one parcel with dedicated entry points supports day-to-day manageability and tenant privacy. With rents currently below market, the setup is positioned for straightforward income improvement through basic management.
For investors or owner-operators seeking a small residential income asset, this triplex offers an efficient ownership structure with three separate units and shared exterior improvements that reduce near-term capex concerns. The below-market rent posture suggests potential upside without requiring major repositioning, making it a practical fit for buyers prepared to run disciplined leasing and regular maintenance.
The front home faces 2nd Street, while the rear units are reached via alley access. The property’s configuration on one parcel with dedicated entry points supports day-to-day manageability and tenant privacy. With rents currently below market, the setup is positioned for straightforward income improvement through basic management.
For investors or owner-operators seeking a small residential income asset, this triplex offers an efficient ownership structure with three separate units and shared exterior improvements that reduce near-term capex concerns. The below-market rent posture suggests potential upside without requiring major repositioning, making it a practical fit for buyers prepared to run disciplined leasing and regular maintenance.
Key Highlights
- Hanford triplex on a single parcel with three full‑size units
- Front house: 3 bed, 2 bath facing 2nd Street
- Rear building: two 3 bed, 2 bath units with alley access
Local 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 | $57.5k | $18.36 |
| − Vacancy | −$2.6k | −$0.84 |
| EGI | $54.9k | $17.52 |
| − OpEx | −$16.5k | −$5.26 |
| NOI | $38.4k | $12.27 |
3,131 SF · lease $18.36/SF/yr · vacancy 4.56% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-maintained triplex with updated roof and windows, featuring three full-size units and in-unit laundry hookups.
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: Hanford triplex on a single parcel with three full‑size units; Front house: 3 bed, 2 bath facing 2nd Street; Rear building: two 3 bed, 2 bath units with alley access
