Two-Unit Duplex
New
For Sale
$600,000
115 W Elm Street, Hanford, CA 93230
MULTI_FAMILY - Hanford, CA
Property Size2,313 SF
Lot Size0.19 Acres
Price / SF$259.40
Days on Market4
Property Features for 115 W Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
OR
Parking features
Garage
Patio and Porch features
Patio
Fencing
Wood
Directions
North on Douty and West on Elm. Home is on the right hand side.
Subdivision
North East Hanford
Standard status
Active
APN
010184004000
Size
2,313 SF
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Water source
Public
Building Details
Floors in Building
1
Flooring type
Carpet, Vinyl
Roof type
Composition
Listing Agency:
Keller Williams Realty Antelope Valley
Listed By:
Holley McKay
(559) 707-2226
Added: Aug 3
Last Checked: Aug 6 at 1:06AM
MLS# 234730
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 duplex contains two units within 2,313 square feet, with each unit configured with two bedrooms and two bathrooms. Both units include an individual garage with laundry hookups. Interior finishes include carpet and vinyl flooring, while central natural-gas heating serves the property. Additional features include a patio, wood fencing, and a composition roof.
The 0.194-acre property is served by public water and public sewer and carries OR zoning. Located in Hanford, California, the asset provides a defined two-unit configuration with dedicated garage space for each unit.
The 0.194-acre property is served by public water and public sewer and carries OR zoning. Located in Hanford, California, the asset provides a defined two-unit configuration with dedicated garage space for each unit.
Key Highlights
- Two‑unit duplex with 2,313 square feet of property size
- Each unit has 2 bedrooms and 2 bathrooms
- Private garage and laundry hookups for each unit
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 | $42.5k | $18.36 |
| − Vacancy | −$1.9k | −$0.84 |
| EGI | $40.5k | $17.52 |
| − OpEx | −$12.2k | −$5.26 |
| NOI | $28.4k | $12.27 |
2,313 SF · lease $18.36/SF/yr · vacancy 4.56% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$405.3K
$354.6K – $472.9K
NOI $28,371 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$361.2K
$316.1K – $421.5K
NOI $25,287 @ 7.0% cap · market cap 4.21%
Theoretical Best
Healthcare Medical
$730.8K
$639.4K – $852.6K
NOI $51,154 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,829
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each unit includes two bedrooms, two bathrooms, a private garage, and laundry hookups.
Where is this duplex located?
The property is located at 115 W Elm Street Hanford, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,313 square feet of property size; Each unit has 2 bedrooms and 2 bathrooms; Private garage and laundry hookups for each unit
