Remodeled Triplex with Two
523 E 11th Street Hanford, CA 93230
New
For Sale
$449,900
MULTI_FAMILY - Hanford, CA
Property Size2,710 SF
Lot Size0.17 Acres
Price / SF$166.01
Days on Market2
Property Features for 523 E 11th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Open
Standard status
Active
APN
010214021000
Size
2,710 SF
Lot size
0.17 Acres
Building Details
Floors in Building
1
Listing Agency:
Legacy Real Estate, Inc
Listed By:
John R Murray Jr
(559) 572-9610
Added: Jul 27
Last Checked: Jul 28 at 10:06AM
MLS# 234691
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 multi-family property is configured as a triplex with two separate APNs. The front APN includes a remodeled 3-bedroom, 1.5-bath home, updated approximately six years ago. The back APN features two remodeled 1-bedroom, 1-bath units that were also remodeled around the same time.
Located at 523 E 11th Street in Hanford, California, this income-producing setup offers two APNs supporting the front and back portions of the property.
The existing layout provides three separate residential units under one ownership, split between the front and back parcels.
Located at 523 E 11th Street in Hanford, California, this income-producing setup offers two APNs supporting the front and back portions of the property.
The existing layout provides three separate residential units under one ownership, split between the front and back parcels.
Key Highlights
- Two separate APNs: front APN includes a remodeled 3‑bedroom, 1.5‑bath home
- Back APN includes two remodeled 1‑bedroom, 1‑bath units
- Front home remodeled approximately 6 years ago; back units remodeled around the same time
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 | $49.8k | $18.36 |
| − Vacancy | −$2.3k | −$0.84 |
| EGI | $47.5k | $17.52 |
| − OpEx | −$14.2k | −$5.26 |
| NOI | $33.2k | $12.27 |
2,710 SF · lease $18.36/SF/yr · vacancy 4.56% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$474.9K
$415.5K – $554.0K
NOI $33,241 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$423.3K
$370.4K – $493.8K
NOI $29,628 @ 7.0% cap · market cap 6.59%
Theoretical Best
Healthcare Medical
$856.2K
$749.2K – $998.9K
NOI $59,934 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Triplex featuring a remodeled 3-bedroom home and two remodeled 1-bedroom units on separate APNs.
Where is this triplex located?
The property is located at 523 E 11th Street Hanford, 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: Two separate APNs: front APN includes a remodeled 3‑bedroom, 1.5‑bath home; Back APN includes two remodeled 1‑bedroom, 1‑bath units; Front home remodeled approximately 6 years ago; back units remodeled around the same time
