Two-Parcel Mixed-Use
For Sale
$645,000
815 E 5Th Street, Hanford, CA 93230
Multi Family, Hanford, CA
Property Size4,100 SF
Lot Size0.38 Acres
Price / SF$157.32
Days on Market47
Property Features for 815 E 5Th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 6
Parking features
Carport, Covered
Exterior features
Stucco
High school district
Hanford Schools
Directions
From Hwy 198, exit 10th Ave. Head north on 10th Ave, turn right on E 5th St. Property is on the right.
Subdivision
230
Standard status
Active
APN
016021008000
Size
4,100 SF
Lot size
0.38 Acres
Building Details
Year built
1950
Floors in Building
1
Number of units
3
Roof type
Composition
Listing Agency:
All State Homes
(559) 475-0583
Listed By:
Rudy Alderette · License #01517470
(559) 916-8617
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 1 at 12:06PM
MLS# 655345
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.
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Investment Insights
Based on property information with market context.
This two-parcel mixed-use property includes a duplex with 2,450 square feet across two three-bedroom units. One unit has two bathrooms, while the other has one. A separate parcel contains a 1,500-square-foot combination of commercial shop space, an office, and a one-bedroom apartment.
The property was built in 1950 and has stucco exterior finishes and a composition roof. Covered carport parking is also present.
The property was built in 1950 and has stucco exterior finishes and a composition roof. Covered carport parking is also present.
Key Highlights
- Two parcels with a duplex and a separate shop, office, and apartment property
- Duplex contains 2,450 square feet and two three‑bedroom units
- Duplex unit configurations include 2 bedrooms?
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,824
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,480
$896.5K
Cap Rate 7%
$640,343
$640.3K
Cap Rate 9%
$498,044
$498.0K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$85.6K $20.88/SF
− Vacancy
−$4.1K −$1.00/SF
EGI
$81.5K $19.88/SF
− OpEx
−$36.7K −$8.94/SF
NOI
$44.8K $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%
$896,480
Cap Rate 7%
$640,343
Cap Rate 9%
$498,044
Alternative Uses
Best Use
Apartment 5plus
$640.3K
$560.3K – $747.1K
NOI $44,824 @ 7.0% cap · market cap 6.95%
Second Best
Mixed Use
$593.0K
$518.9K – $691.9K
NOI $41,513 @ 7.0% cap · market cap 6.44%
Theoretical Best
Healthcare Medical
$1.30M
$1.13M – $1.51M
NOI $90,675 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
927
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - The offering combines a duplex with a separate parcel containing shop, office, and apartment space.
Where is this mixed-use property located?
The property is located at 815 E 5Th Street Hanford, CA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Two parcels with a duplex and a separate shop, office, and apartment property; Duplex contains 2,450 square feet and two three‑bedroom units; Duplex unit configurations include 2 bedrooms?
