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    Remodeled Triplex with Flex Office Title is generated by Realmo AI

    129 E Main Street, Danville, KY 40422

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    For Sale
    $349,500

    MULTI_FAMILY - Danville, KY

    Property size:
    1,715 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $203/SF
    Added:
    Aug 14, 2025
    Days on Market:
    297
    Last Refresh:
    Jun 6 at 3:06 am

    Property Features for 129 E Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-1C
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Laundry Room, Bathroom 1, Bedroom 2
    Standard status
    Active
    APN
    D08-009-037
    Size
    1,715 SF
    Lot size
    0.26 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Natural Gas
    Cooling system
    Window Unit(s), Central Air

    Building Details

    Floors in Building
    2
    Roof type
    Metal

    We can help!

    Listing Contact
    Ella Mae Dexter
    Ella Mae Dexter

    Listing agent Ella Mae Dexter License #195877

    Listing office Dexter Real Estate 116 E Main St, Danville, KY

    Listing date Aug 14, 2025

    MLS# 25500623 Listing URL

    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.

    HighLights

    • Configured into 3 living units at 129 E. Main, including a main‑floor apartment with full kitchen, full bath, and 2 bedrooms
    • Large space on‑site currently used as a hair salon, with potential for other uses such as an office
    • Extensively remodeled in 2000; roof is metal
    • Heating: natural gas; cooling includes central air and window unit(s)
    • Adjacent to a brick commercial strip mall (Dominoes Pizza, Dollar General, martial arts studio) with the U.S. Post Office across the street
    • Two contractors estimated tear down and removal at $20,000–$30,000 and site grading at another $20,000–$30,000

    Overview

    This property is a 3-unit triplex configured for multiple living arrangements. The main-floor apartment includes a full kitchen, a full bath, and two bedrooms. In addition to the residential units, there is a large space currently being used as a hair salon that could potentially be adapted for the office setup you need. The building, likely around 80 years old, was extensively remodeled in 2000 and is in great shape.

    Set at 129 E Main Street in Danville, KY (Boyle County), the site sits adjacent to a brick commercial strip mall that includes Domino’s Pizza, Dollar General, and a martial arts studio. Across the street is the U.S. Post Office and several busy commercial buildings, including one directly across the way that is approximately the same lot size and sold earlier this year.

    For buyers seeking rental income, the property’s three living units and strong condition support a straightforward multi-tenant strategy. For those with a redevelopment mindset, the seller notes tear down and removal estimates of $20,000 to $30,000, with additional site grading estimated at $20,000 to $30,000, and indicates they discussed construction considerations with city stakeholders. Zoning is listed as R-1C; interested parties should confirm plans and requirements with the city.
    Property Profile Location Intelligence

    Current Use by Public Records

    Changez Design Team Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Boyle
    State
    Kentucky
    Longitude
    -84.768816
    Latitude
    37.645725

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    FAQs

    What type of property is this?
    Triplex - Three-unit income property with a remodeled interior and a large flexible space currently used as a hair salon.
    Where is this triplex located?
    The property is located at 129 E Main Street Danville, KY.
    What is the asking price?
    The asking price for this property is $349,500.
    What are key features of this property?
    This property features: Configured into 3 living units at 129 E. Main, including a main‑floor apartment with full kitchen, full bath, and 2 bedrooms; Large space on‑site currently used as a hair salon, with potential for other uses such as an office; Extensively remodeled in 2000; roof is metal
    (859) 319-4608
    We can help!
    Listing Contact
    Ella Mae Dexter
    Ella Mae Dexter
    Real Estate License ID: 195877
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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