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    Quadplex with In-Unit Laundry Rooms Title is generated by Realmo AI

    133-139 Grinder Court, Nicholasville, KY 40356

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    Claim this Listing
    New
    For Sale
    $495,000

    MULTI_FAMILY - Nicholasville, KY

    Property size:
    3,462 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $142/SF
    Added:
    Jun 15, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 16 at 3:06 pm

    Property Features for 133-139 Grinder Court

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Laundry Room
    Standard status
    Active
    APN
    047-30-13-025.00
    Size
    3,462 SF
    Lot size
    0.29 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    2001
    Floors in Building
    2
    Number of units
    4
    Roof type
    Shingle

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    Listing Contact
    Christina M Dudek
    Christina M Dudek

    Listing agent Christina M Dudek License #276308

    Listing office Coldwell Banker McMahan 2350 Regency Road, Ste C, Richmond, KY

    Listing date Jun 15, 2026

    MLS# 26013838 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

    • Quadraplex in Nicholasville with each unit offering 2 bedrooms and 1 bath
    • All units include their own laundry/utility room
    • Parking lot recently paved
    • Built in 2001
    • Electric heating and electric cooling
    • Shingle roof

    Overview

    This quadplex offers four separate units, each configured as a 2-bedroom, 1-bath layout. A key convenience for residents is that every unit includes its own laundry/utility room. The property also benefits from a parking lot that has been recently paved.

    The building is located at 133-139 Grinder Court in Nicholasville, Kentucky, just off Short Shun. The site sits on a compact lot, supporting straightforward on-site parking for tenants.

    For buyers seeking a small multifamily asset, the unit mix is consistent across all four homes, with the same 2-bedroom/1-bath design and in-unit laundry/utility room. This uniform configuration can simplify leasing and day-to-day management, while the recently paved parking lot helps support a clean, functional tenant experience.

    Local 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 $44.0k $12.72
    − Vacancy −$1.8k −$0.53
    EGI $42.2k $12.19
    − OpEx −$12.7k −$3.66
    NOI $29.5k $8.53
    3,462 SF · lease $12.72/SF/yr · vacancy 4.18% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $422.0K
    $369.2K – $492.3K (±1% cap)
    NOI $29,537 @ 7.0% cap · market cap 5.97%
    Second Best
    Apartment 5plus
    $377.6K
    $330.4K – $440.5K (±1% cap)
    NOI $26,431 @ 7.0% cap · market cap 5.34%
    Theoretical Best
    Office A
    $877.4K
    $767.7K – $1.02M (±1% cap)
    NOI $61,419 @ 7.0% cap · market cap 12.41%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Nicholasville
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.594311
    Latitude
    37.860578

    FAQs

    What type of property is this?
    Quadplex - Four 2-bedroom, 1-bath units each include a dedicated laundry/utility room and parking in a recently paved lot.
    Where is this quadplex located?
    The property is located at 133-139 Grinder Court Nicholasville, KY.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Quadraplex in Nicholasville with each unit offering 2 bedrooms and 1 bath; All units include their own laundry/utility room; Parking lot recently paved
    More about this property
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