Duplex with Private
For Sale
$340,000
1991 Parker Place, Hanford, CA 93230
Multi Family, Hanford, CA
Property Size1,560 SF
Lot Size0.17 Acres
Price / SF$217.95
Days on Market55
Property Features for 1991 Parker Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Carport
Exterior features
Stucco, Wood
High school district
Hanford Schools
Directions
Take 10th Ave exit and head North. Continue on 10th Ave for about 1.5 miles. Turn right (east) onto Carey Ave. Go about 0.3 miles. Turn left on Parker Place.
Subdivision
230
Standard status
Active
APN
014342014000
Size
1,560 SF
Lot size
0.17 Acres
Amenities
laundry area
private yard
Building Details
Year built
1967
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
London Properties, Ltd.
(559) 436-4000
Listed By:
Nivia Lourenco · License #01265233
(855) 450-0442
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 6 at 9:06PM
MLS# 653567
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.
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each with 2 bedrooms, 1 bath, approximately 780 sq ft, a private laundry area, carport, and yard. The property provides 1,560 sq ft of building area on a 0.1685-acre lot. Exterior materials include stucco and wood, with a composition roof, and the improvements date to 1967.
The property is located in Hanford, CA, with access to schools, shopping, and everyday amenities. Its separate unit configuration and individual outdoor and parking features support both multifamily ownership and owner-occupancy considerations.
The property is located in Hanford, CA, with access to schools, shopping, and everyday amenities. Its separate unit configuration and individual outdoor and parking features support both multifamily ownership and owner-occupancy considerations.
Key Highlights
- Two units, each with 2 bedrooms, 1 bath, and approximately 780 sq ft
- 1,560 sq ft duplex on a 0.1685‑acre lot
- Private laundry area, carport, and yard for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,135
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,700
$382.7K
Cap Rate 7%
$273,357
$273.4K
Cap Rate 9%
$212,611
$212.6K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$28.6K $18.36/SF
− Vacancy
−$1.3K −$0.84/SF
EGI
$27.3K $17.52/SF
− OpEx
−$8.2K −$5.26/SF
NOI
$19.1K $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%
$382,700
Cap Rate 7%
$273,357
Cap Rate 9%
$212,611
Alternative Uses
Best Use
Multifamily LT 5
$273.4K
$239.2K – $318.9K
NOI $19,135 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$243.6K
$213.2K – $284.3K
NOI $17,055 @ 7.0% cap · market cap 5.02%
Theoretical Best
Healthcare Medical
$492.9K
$431.3K – $575.0K
NOI $34,501 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
174
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units include private laundry areas, individual carports, and separate outdoor yards.
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 $340,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bath, and approximately 780 sq ft; 1,560 sq ft duplex on a 0.1685‑acre lot; Private laundry area, carport, and yard for each unit
