Two-Unit Duplex For
For Sale
$239,000
1128-1130 Dale Drive, Winchester, KY 40391
MULTI_FAMILY - Winchester, KY
Property Size2,072 SF
Lot Size0.15 Acres
Price / SF$115.35
Days on Market197
Property Features for 1128-1130 Dale Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 4
Parking
5
Subdivision
Hale Heights
High school
GRC
Elementary school district
Clark County - 7
Middle school district
Clark County - 7
High school district
Clark County - 7
Directions
Winchester Bypass to East on Fulton Road to Right on Dale Drive. Home is on the Left
Standard status
Active
APN
043-1005-018-00
Size
2,072 SF
Lot size
0.15 Acres
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1980
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Coldwell Banker McMahan
(859) 266-1800
Listed By:
Brian T Hatfield · License #193737
(859) 621-5853
Added: Jan 14
Changed: Jul 20
Last Checked: Jul 30 at 10:06PM
MLS# 26000922
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 duplex is offered for sale as a single package with both units included. Each side has a vaulted great room that opens to the kitchen, along with two bedrooms, 1.5 baths, a dedicated laundry room, and a 1-car garage.
The property includes a private backyard area for the side, with lots of trees noted in the remarks. Addressed as 1128-1130 Dale Drive in Winchester, Kentucky, it has an area of 0.15 acres and a total size of 2,072 square feet.
According to the seller’s remarks, unit 1130 has a new HVAC. The property is being sold as-is, with inspections welcome.
The property includes a private backyard area for the side, with lots of trees noted in the remarks. Addressed as 1128-1130 Dale Drive in Winchester, Kentucky, it has an area of 0.15 acres and a total size of 2,072 square feet.
According to the seller’s remarks, unit 1130 has a new HVAC. The property is being sold as-is, with inspections welcome.
Key Highlights
- Duplex being sold as a single package (both units included)
- Each unit features a vaulted great room open to the kitchen, plus 2 bedrooms and 1.5 baths
- Each unit includes a laundry room and a 1‑car garage
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 | $26.4k | $12.72 |
| − Vacancy | −$1.1k | −$0.53 |
| EGI | $25.3k | $12.19 |
| − OpEx | −$7.6k | −$3.66 |
| NOI | $17.7k | $8.53 |
2,072 SF · lease $12.72/SF/yr · vacancy 4.18% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$252.5K
$221.0K – $294.6K
NOI $17,678 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$226.0K
$197.7K – $263.7K
NOI $15,819 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$525.1K
$459.5K – $612.7K
NOI $36,759 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Explore this area
Business Placement
Demographics for 40391, KY
36,461
Population
16,125
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
90%
High-School Grad
237.3 sq mi
ZIP Area
154
Density / Sq Mi
$67,910
Median Household Income
$40,323
Median Earnings
$884
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two paired units, each featuring vaulted great rooms, 2 bedrooms, 1.5 baths, and a 1-car garage.
Where is this duplex located?
The property is located at 1128-1130 Dale Drive Winchester, KY.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Duplex being sold as a single package (both units included); Each unit features a vaulted great room open to the kitchen, plus 2 bedrooms and 1.5 baths; Each unit includes a laundry room and a 1‑car garage
