Multifamily Portfolio With
1223/1233 Clyde Elrod Avenue Kevil, KY 42053
For Sale
$1,400,000
MULTI_FAMILY - Kevil, KY
Property Size9,999 SF
Lot Size2.13 Acres
Price / SF$140.01
Days on Market148
Property Features for 1223/1233 Clyde Elrod Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 23
- Bathrooms
- 16
- Rooms
- Bedroom 8, Bedroom 10, Bathroom 10, Bedroom 1, Bathroom 8, Bedroom 6, Bedroom 15, Bedroom 16, Bedroom 3, Bathroom 3, Bedroom 22, Laundry Room, Bedroom 19, Bathroom 2, Bathroom 16, Bathroom 1, Bedroom 20, Bedroom 18, Bathroom 11, Bedroom 13, Bedroom 4, Bathroom 5, Bathroom 4, Bathroom 14, Bedroom 2, Bedroom 12, Bedroom 21, Bathroom 12, Bedroom 17, Bedroom 23, Bathroom 9, Bedroom 5, Bathroom 7, Bathroom 6, Bedroom 9, Bathroom 15, Bathroom 13, Bedroom 7, Bedroom 11, Bedroom 14
- Standard status
- Active
- Size
- 9,999 SF
- Lot size
- 2.13 Acres
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Number of units
- 12
Listing Agency:
Arnold Realty Group
(270) 558-1338
Listed By:
Jaime Abell · License #261465
(270) 703-0007
Added: Feb 25
Changed: Jul 17
Last Checked: Jul 23 at 3:06PM
MLS# 26017054
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 for-sale multifamily portfolio consists of five duplexes and two single-family homes, for a combined total of 12 units being sold together. Four units are configured as 2-bedroom, 2-bath units with a 1-car garage. One single-family dwelling offers a 2-bedroom, 1-bath layout with a 1-car garage, and the other single-family dwelling includes a 1-bedroom, 1-bath configuration. The remaining units are all 2-bedroom, 1-bath.
An on-site workshop is included and described as available for storage. The property is reported as very well maintained across the units.
The package totals approximately 9,999 square feet of property size on 2.13 acres, with the address listed at 1223/1233 Clyde Elrod Avenue in Kevil, Kentucky (Ballard County).
An on-site workshop is included and described as available for storage. The property is reported as very well maintained across the units.
The package totals approximately 9,999 square feet of property size on 2.13 acres, with the address listed at 1223/1233 Clyde Elrod Avenue in Kevil, Kentucky (Ballard County).
Key Highlights
- Investment package includes 5 duplexes and 2 single‑family homes sold together (12 total units)
- Unit mix: 4 units with 2 bedrooms, 2 bathrooms, and a 1‑car garage
- Unit mix: 1 single‑family home with 2 bedrooms, 1 bathroom, and a 1‑car garage
Financial Insights For Apartment 5plus
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 | $163.2k | $16.32 |
| − Vacancy | −$14.0k | −$1.40 |
| EGI | $149.1k | $14.92 |
| − OpEx | −$67.1k | −$6.71 |
| NOI | $82.0k | $8.20 |
9,999 SF · lease $16.32/SF/yr · vacancy 8.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,032 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.08M
$1.82M – $2.43M
NOI $145,835 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
FAQs
What type of property is this?
Apartment building - Package sale includes five duplexes and two single-family homes with a total of 12 units and on-site workshop storage.
Where is this apartment building located?
The property is located at 1223/1233 Clyde Elrod Avenue Kevil, KY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Investment package includes 5 duplexes and 2 single‑family homes sold together (12 total units); Unit mix: 4 units with 2 bedrooms, 2 bathrooms, and a 1‑car garage; Unit mix: 1 single‑family home with 2 bedrooms, 1 bathroom, and a 1‑car garage
