Duplex with Garage
115 W Elm Street, Hanford, CA 93230
For Sale
$600,000
Multi-Family, Hanford, CA
Property Size2,313 SF
Lot Size0.19 Acres
Price / SF$259.40
Days on Market97
Property Features for 115 W Elm Street
General Information
Property type
Property subtype
Zoning
Parking features
Patio and Porch features
Fencing
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Sewer type
Heating system
Water source
Building Details
Floors in Building
Flooring type
Roof type
Listing Agency:
Keller Williams Realty Antelope Valley
Listed By:
Holley McKay · License #01155506
(559) 707-2226
Added: Aug 3
Changed: Oct 31
Last Checked: Nov 7 at 4:06PM
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.
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Investment Insights
Based on property information with market context.
This duplex contains two residences within 2,313 square feet on a 0.194-acre parcel. Each unit provides two bedrooms, two bathrooms, and its own garage with laundry hookups. Interior finishes include vinyl and carpet flooring, while central natural gas heating serves the property. A patio, wood fencing, and a composition roof are also included.
The property is located at 115 W Elm Street in Hanford, California, within the 93230 ZIP code. Public water and public sewer serve the site, and the property carries OR zoning.
The property is located at 115 W Elm Street in Hanford, California, within the 93230 ZIP code. Public water and public sewer serve the site, and the property carries OR zoning.
Key Highlights
- Two‑unit duplex totaling 2,313 square feet
- Each unit includes 2 bedrooms and 2 bathrooms
- Separate garage for each unit with laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,371
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,420
$567.4K
Cap Rate 7%
$405,300
$405.3K
Cap Rate 9%
$315,233
$315.2K
Market Conditions
NOI Build-Up for 2,313 SF
Gross rent
$42.5K $18.36/SF
− Vacancy
−$1.9K −$0.84/SF
EGI
$40.5K $17.52/SF
− OpEx
−$12.2K −$5.26/SF
NOI
$28.4K $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%
$567,420
Cap Rate 7%
$405,300
Cap Rate 9%
$315,233
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,780
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, two bathrooms, 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 totaling 2,313 square feet; Each unit includes 2 bedrooms and 2 bathrooms; Separate garage for each unit with laundry hookups
