Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Two-Unit Duplex With Updated Systems Title is generated by Realmo AI

    221 Shenandoah Pl., Henderson, KY 42420

    View on Map
    Claim this Listing
    New
    For Sale
    $123,456

    Multi-Unit (2-4) - Henderson, KY

    Property size:
    1,974 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $62/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for 221 Shenandoah Pl.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    600
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Garage
    Standard status
    Active
    Size
    1,974 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Year built
    1973
    Year renovated
    1973
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Kevin Herron
    Kevin Herron

    Listing agent Kevin Herron

    Listing office Herron Auction & Realty 431 2nd Street, Henderson, KY

    Listing date Jun 3, 2026

    MLS# 11800248 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1973‑built duplex with 1,974 sq ft living space on a 95' x 75' lot
    • 2‑bedroom, 1‑bath layout on each side of the duplex
    • Roof replaced in 2020
    • HVAC on side B replaced in 2018
    • Garage parking

    Overview

    This duplex consists of two mirrored units, each with 2 bedrooms and 1 bathroom. The property is set on a 95' x 75' lot, with 1,974 square feet of living space total. Recent improvements include a roof replacement in 2020 and HVAC replacement on the side B in 2018.

    Located at 221 Shenandoah Pl. in Henderson, Kentucky 42420, the property is offered for sale. Additional information and photos are expected to be added soon.

    For tenants, the layout provides two independently configured sides, each with its own bedroom and bath arrangement. For buyers or investors, the property offers a straightforward duplex configuration with documented system updates, which can help reduce near-term capital concerns while generating rental-ready space on day one.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Henderson
    County
    Henderson
    State
    Kentucky
    Longitude
    -87.572849
    Latitude
    37.875234

    Nearby Similar for Sale

    • $500,000
      2,799 SF

      Corner General Business Building

      Highly visible corner lot with alley access and an unused building on General Business zoning in downtown Henderson.
      701 & 713 N Green St, Henderson, KY 42420
      View Details
    • $465,000

      Three-Level Spa and Wellness Facility

      Three-level spa layout includes multiple massage rooms and a light-filled studio space ready for new concepts.
      1228 N Elm Street, Henderson, KY 42420
      View Details
    • $123,456
      2,672 SF

      Fourplex with Updated Roofing

      Four-unit property with roof replacement in 2024 and multiple HVAC replacements across the building.
      207 Barker Rd., Henderson, KY 42420
      View Details
    • $123,456
      3,222 SF

      Two-Sided Duplex with Two-Car Garages

      Duplex on a corner lot with two 3-bedroom, 2-bath homes and two-car garages, plus recent roof and HVAC updates.
      144 William & Mary Ct., Henderson, KY 42420
      View Details
    • $123,456
      3,224 SF

      Duplex with Two 3BR Units

      Two 3-bedroom, 1.5-bath residences provide straightforward rental income potential on a sizable lot.
      102 William & Mary Ct., Henderson, KY 42420
      View Details
    • $123,456
      3,651 SF

      Duplex with Two-Car Garages

      Well-maintained duplex on a 0.78-acre lot featuring mirrored 3-bedroom, 2-bath units and two-car garages on each side.
      139 William & Mary Ct., Henderson, KY 42420
      View Details
    • $123,456
      2,824 SF

      Duplex with Updated Roof

      Two side-by-side units offer matching two-bedroom living layouts with recent roof and HVAC improvements.
      126 William & Mary Ct., Henderson, KY 42420
      View Details
    • $123,456

      Income-Producing Storage Facility

      Well-maintained storage facility with multiple unit sizes and fresh interior paint.
      217 N Alvasia St., Henderson, KY 42420
      View Details
    • $123,456
      3,222 SF

      Duplex with Two-Car Garages

      Duplex on a corner lot offering a 3-bedroom, 2-bath layout with a two-car garage on each side.
      143 William & Mary Ct., Henderson, KY 42420
      View Details
    • $1,800,000
      4,800 SF

      Henderson, KY Commercial Opportunity

      Corner-lot commercial property on high-traffic corridor in Henderson, KY.
      1650 N Green St, Henderson, KY 42420
      View Details
    • $123,456
      3,182 SF

      Duplex with Two-Car Garage

      Two-unit duplex on a sizable lot with a 3-bedroom, 2-bath side and a separate 1-bedroom, 1-bath side.
      133 William & Mary Ct., Henderson, KY 42420
      View Details
    • $123,456
      2,511 SF

      Duplex with Updated HVAC

      Duplex offers two mirrored 2-bedroom, 1-bath units, with HVAC replacements on both sides dated 2020 and 2026.
      132 William & Mary Ct., Henderson, KY 42420
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with two mirrored 2-bedroom, 1-bath units on a single lot, including roof replacement and HVAC updates.
    Where is this duplex located?
    The property is located at 221 Shenandoah Pl. Henderson, KY.
    What is the asking price?
    The asking price for this property is $123,456.
    What are key features of this property?
    This property features: 1973‑built duplex with 1,974 sq ft living space on a 95' x 75' lot; 2‑bedroom, 1‑bath layout on each side of the duplex; Roof replaced in 2020
    (270) 826-6216
    We can help!
    Listing Contact
    Kevin Herron
    Kevin Herron
    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

    Thank You for Inquiry
    221 Shenandoah Pl., Henderson, KY 42420
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!