Two-Story Duplex with Attached
For Sale
$410,000
Pending
236-238 Brookside Drive, Georgetown, KY 40324
Residential Income, Georgetown, KY
Property Size2,945 SF
Lot Size0.34 Acres
Days on Market48
Property Features for 236-238 Brookside Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 2, Laundry Room, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 6, Bathroom 2, Bathroom 1, Bathroom 5, Bedroom 5, Bedroom 6, Bedroom 4
Parking features
Covered
Subdivision
Brookview
Elementary school
Garth
Middle school
Georgetown
High school
Great Crossing
Elementary school district
Scott County - 5
Middle school district
Scott County - 5
High school district
Scott County - 5
Directions
From downtown Georgetown, take Main Street (US 460 W) toward Frankfort. Left on Hillside Drive, left onto Brookside Drive.. Property will be on the right.
Standard status
Pending
APN
140-20-366.000
Size
2,945 SF
Lot size
0.34 Acres
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump, Electric
Building Details
Year built
1996
Floors in Building
2
Number of units
2
Roof type
Shingle, Composition
Listing Agency:
Georgetown Real Estate Connection
(502) 570-5715
Listed By:
Megan F Mceuen · License #200247
(859) 312-4882
Added: Jul 27
Changed: Sep 12
Last Checked: Sep 12 at 7:06PM
MLS# 26020006
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.
Built in 1996, this two-story duplex contains 2,945 square feet on a 0.34-acre lot. The interior layout includes an upstairs bedroom level, two kitchens, dining areas, living rooms, pass-through laundry areas, and half baths. Each side is supported by an attached one-car garage and driveway parking, providing covered and off-street parking options.
Both residences have long-time tenants. Heating and cooling are provided by electric heat pump systems, and the property has composition shingle roofing. Located at 236-238 Brookside Drive in Georgetown, Kentucky, the duplex is designated R-2.
Both residences have long-time tenants. Heating and cooling are provided by electric heat pump systems, and the property has composition shingle roofing. Located at 236-238 Brookside Drive in Georgetown, Kentucky, the duplex is designated R-2.
Key Highlights
- Duplex with 2,945 square feet on a 0.34‑acre lot
- Two‑story layout with kitchens, dining areas, living rooms, laundry rooms, and half baths
- Attached one‑car garages and driveway parking provide covered and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,126
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$502,520
$502.5K
Cap Rate 7%
$358,943
$358.9K
Cap Rate 9%
$279,178
$279.2K
Market Conditions
NOI Build-Up for 2,945 SF
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.
Gross rent
$37.5K $12.72/SF
− Vacancy
−$1.6K −$0.53/SF
EGI
$35.9K $12.19/SF
− OpEx
−$10.8K −$3.66/SF
NOI
$25.1K $8.53/SF
Area
Scott County, KY
Vacancy
4.18%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$502,520
Cap Rate 7%
$358,943
Cap Rate 9%
$279,178
Alternative Uses
Best Use
Multifamily LT 5
$358.9K
$314.1K – $418.8K
NOI $25,126 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$321.2K
$281.1K – $374.7K
NOI $22,484 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$746.4K
$653.1K – $870.8K
NOI $52,247 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 40324, KY
51,035
Population
20,570
Households
2.5
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
155.1 sq mi
ZIP Area
329
Density / Sq Mi
$83,012
Median Household Income
$47,619
Median Earnings
$1,188
Median Rent
$262,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - R-2-zoned duplex with covered parking, attached garage access, and established occupants in both residences.
Where is this duplex located?
The property is located at 236-238 Brookside Drive Georgetown, KY.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Duplex with 2,945 square feet on a 0.34‑acre lot; Two‑story layout with kitchens, dining areas, living rooms, laundry rooms, and half baths; Attached one‑car garages and driveway parking provide covered and off‑street parking
