Triplex with Individual
For Sale
$295,000
Pending
217 Jessie, Hanford, CA 93230
Multi-Family, Hanford, CA
Property Size2,278 SF
Lot Size0.44 Acres
Days on Market98
Property Features for 217 Jessie
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
SC
Parking features
Open, Carport
Patio and Porch features
Porch
Interior features
Vaulted Ceiling(s), Walk In Closets
Fencing
Wood
Directions
Exit 198 at 9 1/4 Ave., north on 9 1/4 to Lacey, Lacey west to Jessie
Subdivision
North East Hanford
Standard status
Pending
APN
014213010000
Size
2,278 SF
Lot size
0.44 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Amenities
own laundry space
Building Details
Floors in Building
1
Flooring type
Carpet
Roof type
Composition
Listing Agency:
Lemoore Real Estate
(559) 924-8355
Listed By:
Gina N Tashima · License #01950540
(559) 381-0139
Added: Jul 1
Changed: Sep 18
Last Checked: Oct 6 at 4:06PM
MLS# 234554
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 triplex comprises 3 individual homes within one property, totaling 2,278 square feet on a 0.4399-acre lot. Each unit includes its own laundry space, while interior features include vaulted ceilings, walk-in closets, carpet flooring, and wall furnaces. The property also offers carport and open parking, porches, wood fencing, a composition roof, public water, and public sewer.
All 3 units have remained rented for over a decade, and each has been individually maintained. The property is located near Costco and downtown Hanford, with access to Visalia and connections to Highway 43 and Highway 198. Zoning is SC.
All 3 units have remained rented for over a decade, and each has been individually maintained. The property is located near Costco and downtown Hanford, with access to Visalia and connections to Highway 43 and Highway 198. Zoning is SC.
Key Highlights
- 3 individual homes within one property
- 2,278 square feet on a 0.4399‑acre lot
- All 3 units rented continuously for over a decade
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,905
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,100
$498.1K
Cap Rate 7%
$355,786
$355.8K
Cap Rate 9%
$276,722
$276.7K
Market Conditions
NOI Build-Up for 2,278 SF
Gross rent
$47.6K $20.88/SF
− Vacancy
−$2.3K −$1.00/SF
EGI
$45.3K $19.88/SF
− OpEx
−$20.4K −$8.94/SF
NOI
$24.9K $10.93/SF
Area
Kings County, CA
Vacancy
4.80%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,100
Cap Rate 7%
$355,786
Cap Rate 9%
$276,722
Alternative Uses
Best Use
Multifamily LT 5
$399.2K
$349.3K – $465.7K
NOI $27,942 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$355.8K
$311.3K – $415.1K
NOI $24,905 @ 7.0% cap · market cap 8.44%
Theoretical Best
Healthcare Medical
$719.7K
$629.8K – $839.7K
NOI $50,380 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,145
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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Cap Rate, Value Estimation, Potential NOI and more
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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?
Triplex - Three individual homes share one income-producing property, with dedicated laundry space in every unit.
Where is this triplex located?
The property is located at 217 Jessie Hanford, CA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 3 individual homes within one property; 2,278 square feet on a 0.4399‑acre lot; All 3 units rented continuously for over a decade
