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    Three-Home Residential Income Property Title is generated by Realmo AI

    34442 Millwood Drive, Woodlake, CA 93286

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    Claim this Listing
    New
    For Sale
    $449,900

    MULTI_FAMILY - Woodlake, CA

    Property size:
    2,700 SF
    Lot size:
    0.56 Acres
    Price / SF:
    $166/SF
    Added:
    Jun 12, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 15 at 5:06 am

    Property Features for 34442 Millwood Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4
    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

    We can help!

    Listing Contact
    Elisa G Bahena

    Listing agent Elisa G Bahena License #02156080

    Listing office Century 21 Select Real Estate 2300 W Whitendale Ave, Visalia, CA

    Listing date Jun 12, 2026

    MLS# 242293 Listing URL

    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.

    HighLights

    • Three separate homes on a 0.56‑acre lot, each with 2 bedrooms and 1 bathroom
    • Shared well currently services the property; a new well has been installed with final plumbing and electrical connections pending
    • Sewer provided by a septic tank
    • Wall furnace heating
    • Year built: 1957

    Overview

    This property consists of three separate homes on a single 0.56-acre lot. Each home is configured with 2 bedrooms and 1 bathroom, providing self-contained living arrangements for tenants. The offering is sold as-is, and the homes are currently occupied, so please do not disturb tenants.

    The property is located at 34442 Millwood Drive in Woodlake, California (Tulare County). Water service is currently provided by a shared well; however, a new well has already been installed. The process of connecting the new well has been initiated, and only final plumbing and electrical connections remain to complete the changeover.

    For buyers seeking a residential income setup with multiple units under one ownership, the property’s three separate dwellings and consistent 2-bedroom, 1-bath layouts may offer straightforward tenant compatibility. The in-progress well connection work is an important item to account for during due diligence, particularly since the sale is being delivered on an as-is basis.

    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 $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 (±1% cap)
    NOI $24,397 @ 7.0% cap · market cap 5.42%
    Second Best
    Apartment 5plus
    $320.3K
    $280.3K – $373.7K (±1% cap)
    NOI $22,421 @ 7.0% cap · market cap 4.98%
    Theoretical Best
    Specialty Retail
    $820.1K
    $717.6K – $956.8K (±1% cap)
    NOI $57,409 @ 7.0% cap · market cap 12.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Building Supply Auto Repair Shop Big Box & Wholesale Store Storage Facility Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodlake
    County
    Tulare
    State
    California
    Longitude
    -119.137943
    Latitude
    36.414435

    FAQs

    What type of property is this?
    Triplex - Three separate 2-bedroom, 1-bath homes on a 0.56-acre lot, with a new well installed and pending final connections.
    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 on a 0.56‑acre lot, each with 2 bedrooms and 1 bathroom; Shared well currently services the property; a new well has been installed with final plumbing and electrical connections pending; Sewer provided by a septic tank
    More about this property
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