Triplex With Three Two-Bedroom
For Sale
$449,900
34442 Millwood Drive, Woodlake, CA 93286
MULTI_FAMILY - Woodlake, CA
Property Size2,700 SF
Lot Size0.56 Acres
Price / SF$166.63
Days on Market51
Property Features for 34442 Millwood Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 3
Directions
Head East on ave 328/millwood, homes are on the right
Subdivision
WoodLake
Standard status
Active
APN
059170002000
Size
2,700 SF
Lot size
0.56 Acres
Utilities
Sewer type
Septic Tank
Heating system
Wall Furnace
Water source
Well
Building Details
Year built
1957
Floors in Building
1
Number of units
3
Listing Agency:
Century 21 Select Real Estate · Century 21 Real Estate
(559) 733-9696
Listed By:
Elisa G Bahena · License #02156080
(559) 510-6082
Added: Jun 12
Changed: Jul 31
Last Checked: Aug 1 at 8:06PM
MLS# 242293
Copyright © 2026 Tulare County MLS. 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 consists of three separate homes, each with two bedrooms and one bathroom. The property is on a .56-acre lot and was built in 1957. Heating is provided by wall furnaces, and the sewer system is a septic tank.
Water service is currently provided by a shared well. A new well has already been installed, and the process of connecting the new well has been initiated; the remaining work requires final plumbing and electrical connections to complete the changeover. The property is sold as-is, and tenants should not be disturbed.
The homes provide a straightforward residential income configuration in Woodlake, located at 34442 Millwood Drive.
Water service is currently provided by a shared well. A new well has already been installed, and the process of connecting the new well has been initiated; the remaining work requires final plumbing and electrical connections to complete the changeover. The property is sold as-is, and tenants should not be disturbed.
The homes provide a straightforward residential income configuration in Woodlake, located at 34442 Millwood Drive.
Key Highlights
- Three separate homes, each with two bedrooms and one bathroom
- .56‑acre lot for the triplex at 34442 Millwood Drive
- New well installed; connection initiated with final plumbing and electrical still required
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 | $37.3k | $13.80 |
| − Vacancy | −$2.4k | −$0.89 |
| EGI | $34.9k | $12.91 |
| − OpEx | −$10.5k | −$3.87 |
| NOI | $24.4k | $9.04 |
2,700 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$348.5K
$305.0K – $406.6K
NOI $24,397 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$320.3K
$280.3K – $373.7K
NOI $22,421 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$820.1K
$717.6K – $956.8K
NOI $57,409 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 93286, CA
9,735
Population
3,074
Households
3.2
Avg Household Size
33
Median Age
12%
College-Educated
61%
High-School Grad
72.6 sq mi
ZIP Area
134
Density / Sq Mi
$47,242
Median Household Income
$28,711
Median Earnings
$983
Median Rent
$288,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex on a .56-acre lot with three separate two-bedroom, one-bath homes and shared well service plus septic.
Where is this triplex located?
The property is located at 34442 Millwood Drive Woodlake, CA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three separate homes, each with two bedrooms and one bathroom; .56‑acre lot for the triplex at 34442 Millwood Drive; New well installed; connection initiated with final plumbing and electrical still required
