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    Duplex with Private Backyards Title is generated by Realmo AI

    1991 Parker Place, Hanford, CA 93230

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    For Sale
    $345,000

    MULTI_FAMILY - Hanford, CA

    Property size:
    1,560 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $221/SF
    Added:
    Jun 26, 2026
    Days on Market:
    11
    Last Refresh:
    Jul 6 at 6:06 pm

    Property Features for 1991 Parker Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3
    Parking features
    Carport
    Exterior features
    Stucco, Wood
    Standard status
    Active
    APN
    014342014000
    Size
    1,560 SF
    Lot size
    0.17 Acres

    Building Details

    Year built
    1967
    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition

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    Nivia Lourenco

    Listing agent Nivia Lourenco

    Listing office Real Brokerage Technologies 1420 KETTNER BLVD #100, San Diego, CA

    Listing date Jun 26, 2026

    MLS# 651417 Listing URL

    Copyright © 2026 Fresno Association 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.

    HighLights

    • Duplex in North East Hanford with two 2‑bedroom, 1‑bath units
    • Each unit is approximately 780 SF for a total of about 1,560 SF living space
    • Both units include their own laundry area
    • Each unit has a covered carport and a private fenced backyard
    • Located on a 7,339 SF lot in an established neighborhood
    • Built in 1967 with stucco and wood exterior and a composition roof

    Overview

    This duplex consists of two separate 2-bedroom, 1-bath units. Each unit is approximately 780 square feet and includes its own laundry area, along with a covered carport. Both units also have private, fenced backyards, giving each household an outdoor space that stays separated from the other unit. The property sits on a 7,339 square foot lot.

    Located in North East Hanford within an established neighborhood, the address offers convenient access to everyday needs, including schools and shopping. The layout and site configuration are geared toward straightforward duplex operation, with parking and outdoor areas assigned to each unit.

    As a rental property, the building is designed to support occupancy in two distinct households while keeping common living functions separated, including laundry and yard space. For owner-occupants, the duplex format offers the option to live in one unit while renting the other, based on the two-unit, self-contained design. This is a for-sale property intended for buyers evaluating duplexes in a residential income setting.

    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 $28.6k $18.36
    − Vacancy −$1.3k −$0.84
    EGI $27.3k $17.52
    − OpEx −$8.2k −$5.26
    NOI $19.1k $12.27
    1,560 SF · lease $18.36/SF/yr · vacancy 4.56% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $273.4K
    $239.2K – $318.9K (±1% cap)
    NOI $19,135 @ 7.0% cap · market cap 5.55%
    Second Best
    Apartment 5plus
    $243.6K
    $213.2K – $284.3K (±1% cap)
    NOI $17,055 @ 7.0% cap · market cap 4.94%
    Theoretical Best
    Healthcare Medical
    $492.9K
    $431.3K – $575.0K (±1% cap)
    NOI $34,501 @ 7.0% cap · market cap 10.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Gym & Fitness Center Restaurant Kitchen & Bath Showroom Skin Care Clinic Hair Salon Accounting Firm Spa & Massage Center HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanford
    County
    Kings
    State
    California
    Longitude
    -119.63607
    Latitude
    36.347598

    FAQs

    What type of property is this?
    Duplex - Two 2-bedroom, 1-bath units each with its own laundry area, covered carport, and fenced backyard.
    Where is this duplex located?
    The property is located at 1991 Parker Place Hanford, CA.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: Duplex in North East Hanford with two 2‑bedroom, 1‑bath units; Each unit is approximately 780 SF for a total of about 1,560 SF living space; Both units include their own laundry area
    More about this property
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