Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    209-211 Strange Street Stanton, KY 40380

    View on Map
    For Sale
    $199,900

    MULTI_FAMILY - Stanton, KY

    Property size:
    1,300 SF
    Lot size:
    0.19 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    31
    Last Refresh:
    Apr 2 at 10:06 pm

    Property Features for 209-211 Strange Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1
    Parking
    10
    Standard status
    Active
    Size
    1,300 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Electric

    Building Details

    Year built
    1995
    Floors in Building
    1
    Number of units
    8
    Roof type
    Metal

    We can help!

    Listing Contact
    Brooke Martin
    Brooke Martin

    Listing agent Brooke Martin License #252238

    Listing office RO&CO Real Estate 153 Moore Dr, Lexington, KY

    Listing date Mar 2, 2026

    MLS# 26003824

    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.

    Overview

    Stanton Multifamily Investment Opportunity

    This portfolio features four well-maintained duplexes, presenting an investment opportunity near Red River Gorge. Each of the eight units includes 2 bedrooms, 1 bathroom, and 650 sq. ft. of living space. The properties have a rental history with a 4.9-star Airbnb rating. The 2025 revenue was $20,000+ per short-term rental, and 2026 revenue is projected at $160,000+. The property is located in Stanton, KY, and the lot size is 0.185 acres. The total property size is 1300 sq. ft. The location is noted for its proximity to outdoor destinations, supported by year-round tourism.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Stanton
    County
    Powell
    State
    Kentucky
    Longitude
    -83.864118
    Latitude
    37.848893

    Nearby Similar for Sale

    • $749,000
      5,200 SF

      Stanton Multifamily Investment Opportunity

      Portfolio of four duplexes near Red River Gorge.
      167-229 Strange Street, Stanton, KY 40380
      View Details
    • $369,000
      1,800 SF

      Stanton Mixed-Use Commercial Opportunity

      Versatile commercial property in downtown Stanton near Red River Gorge.
      101 N Main Street, Stanton, KY 40380
      View Details
    • $630,000
      1,400 SF

      Red River Gorge Cabins Investment

      Three cabins near Red River Gorge with income potential.
      1922 Star Gap Road, Stanton, KY 40380
      View Details
    • $190,000
      900 SF

      Versatile Commercial/Residential Property in Stanton

      Adaptable commercial space or residential home with proven success.
      793 Breckenridge St, Stanton, KY 40380
      View Details
    • $199,900
      1,300 SF

      Stanton Multifamily Investment Opportunity

      Four well-maintained duplexes near Red River Gorge.
      167-169 Strange Street, Stanton, KY 40380
      View Details
    • $199,900
      1,300 SF

      Stanton Multifamily Investment Opportunity

      Four well-maintained duplexes near Red River Gorge with strong rental history.
      187-189 Strange Street, Stanton, KY 40380
      View Details
    • $199,900
      1,300 SF

      Stanton Multifamily Investment Opportunity

      Four duplexes near Red River Gorge with strong rental history.
      227-229 Strange Street, Stanton, KY 40380
      View Details
    • $529,900

      Stanton Mixed-Use Commercial Property

      Main Street commercial property with storefront, apartment, and short-term rental.
      494 & 488 N Main Street, Stanton, KY 40380
      View Details
    • $5,490,000

      Profitable RV Park Near Red River Gorge

      High-performing RV park near Red River Gorge with income growth.
      10137 Campton Rd, Stanton, KY 40380
      View Details
    • $900,000
      932 SF

      Stanton Multifamily Investment Opportunity

      Multifamily property in Stanton, Kentucky, with long-term tenants.
      11 and 13 Miller Drive lot: 11-58, Stanton, KY 40380
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Portfolio of four duplexes near Red River Gorge.
    Where is this short term rental property located?
    The property is located at 209-211 Strange Street Stanton, KY.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Projected $160,000+ overall revenue in 2026 from short‑term rentals.; Proven rental history with an excellent 4.9‑star Airbnb rating.; Portfolio of four well‑maintained duplexes (eight units total).
    (606) 484-3844
    We can help!
    Listing Contact
    Brooke Martin
    Brooke Martin
    Real Estate License ID: 252238
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!