Duplexes with Attached
For Sale
$499,900
105-107 Elkchester Circle, Nicholasville, KY 40356
Residential, Nicholasville, KY
Property Size3,128 SF
Lot Size0.30 Acres
Price / SF$159.81
Days on Market30
Property Features for 105-107 Elkchester Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 5, Bedroom 5, Bedroom 1, Bathroom 2, Laundry Room, Bedroom 2, Bathroom 3, Bathroom 1, Bathroom 6
Parking features
Garage, Garage - Attached, Driveway
Window features
Screens
Interior features
Eat-in Kitchen, Walk-In Closet(s), Ceiling Fan(s)
Appliances
Dishwasher, Microwave, Refrigerator, Range, Dishwasher, Microwave, Refrigerator, Range
Subdivision
G N Miles
Elementary school
Warner
Middle school
East Jessamine Middle School
High school
East Jess HS
Elementary school district
Jessamine County - 9
Middle school district
Jessamine County - 9
High school district
Jessamine County - 9
Directions
Miles Road to Elkchester. Duplex on corner of Elkchester & Josephine
Standard status
Active
Size
3,128 SF
Lot size
0.30 Acres
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Flooring type
Vinyl, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
The Brokerage
(859) 983-7365
Listed By:
Lauren Haggard
(859) 338-8889
Added: Sep 8
Changed: Oct 6
Last Checked: Oct 7 at 2:06PM
MLS# 26024624
Copyright © 2026 ImagineMLS. 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 2026-built duplex property totals 3,128 square feet on 0.3037 acres and is under construction. Each residence has a main-floor living and dining area, an upgraded kitchen with stainless steel appliances, an island, pantry, and half bath. The upper level contains three bedrooms, two full bathrooms, walk-in closets, and a dedicated laundry room. An attached one-car garage, front porch, and rear patio serve each home; a privacy fence may be added.
The property is in Nicholasville, approximately 15 minutes from Lexington. Public water and sewer serve the site. Warranty coverage includes 10 years for windows, 5 years of roof labor and a 30-year roof manufacturer’s warranty, plus one year of labor coverage for HVAC, plumbing, and electrical systems.
The property is in Nicholasville, approximately 15 minutes from Lexington. Public water and sewer serve the site. Warranty coverage includes 10 years for windows, 5 years of roof labor and a 30-year roof manufacturer’s warranty, plus one year of labor coverage for HVAC, plumbing, and electrical systems.
Key Highlights
- Two three‑bedroom residences; 3,128 square feet total
- 0.3037‑acre property in Nicholasville, approximately 15 minutes from Lexington
- Each home has an attached one‑car garage, driveway, front porch, and rear patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,688
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,760
$533.8K
Cap Rate 7%
$381,257
$381.3K
Cap Rate 9%
$296,533
$296.5K
Market Conditions
NOI Build-Up for 3,128 SF
Gross rent
$39.8K $12.72/SF
− Vacancy
−$1.7K −$0.53/SF
EGI
$38.1K $12.19/SF
− OpEx
−$11.4K −$3.66/SF
NOI
$26.7K $8.53/SF
Area
Jessamine County, KY
Vacancy
4.18%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,760
Cap Rate 7%
$381,257
Cap Rate 9%
$296,533
Alternative Uses
Best Use
Multifamily LT 5
$381.3K
$333.6K – $444.8K
NOI $26,688 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$341.2K
$298.5K – $398.0K
NOI $23,881 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$792.8K
$693.7K – $924.9K
NOI $55,493 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
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 South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms, a private patio, and a covered front porch.
Where is this duplex located?
The property is located at 105-107 Elkchester Circle Nicholasville, KY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two three‑bedroom residences; 3,128 square feet total; 0.3037‑acre property in Nicholasville, approximately 15 minutes from Lexington; Each home has an attached one‑car garage, driveway, front porch, and rear patio
