Sign Up Successful!
You now have access to more from Realmo!
    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

    405-407 Maryrose Dr Nicholasville, KY 40356

    Sponsored
    For Sale
    $339,900

    MULTI_FAMILY - Nicholasville, KY

    Property size:
    2,232 SF
    Lot size:
    0.12 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 14 at 5:06 pm

    Property Features for 405-407 Maryrose Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bathroom 2, Laundry Room, Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 1
    Bedrooms
    4
    Bathrooms
    3
    APN
    057-20-13-004.00 057-20-13-003.00
    Parking
    4
    Size
    2,232 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Electric (Heating)
    Cooling system
    Electric, Heat Pump

    Building Details

    Year built
    1998
    Floors in Building
    2
    Roof type
    Shingle

    We can help!

    Listing Contact
    Amelia Clark
    Amelia Clark

    National Real Estate (859) 300-1415

    Listing agent Amelia Clark (859) 300-1415

    Listing date Feb 12, 2026

    MLS# 26002491 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.

    Learn more

    Overview

    Nicholasville Duplex Investment Opportunity

    This duplex presents an opportunity for owner-occupancy or investment. Each townhome features 2 bedrooms, 1.5 baths, a spacious kitchen, and first-floor laundry. Recent improvements include new roofs on both units, newly constructed decks, new French doors on both units, and a dual storage shed. The property is conveniently located with easy access to Lexington and close to shopping, dining and everyday amenities. The property size is 2232 square feet and the lot size is 0.1175 acres. Both townhomes are being sold together, but each unit has its own parcel number. There is no HOA.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Nicholasville
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.570918
    Latitude
    37.896596

    Nearby Similar for Sale

    • $1,164,000
      9,721 SF

      Nicholasville Office/Commercial Building For Sale

      9700 sq ft commercial space with customization opportunity in Nicholasville.
      812 Wilmore Rd, Nicholasville, KY 40356
      View Details
    • New
      $385,000
      2,843 SF

      Spacious Ranch with Walk-Out Basement

      5-bedroom, 3-bathroom ranch-style home ideal for multi-generational living.
      103 Willow Dr, Nicholasville, KY 40356
      View Details
    • $339,000
      Pending

      Nicholasville Duplex with Walkout Basement

      Custom-built duplex featuring oversized garages and walkout basement.
      112 A-B Meadowlark, Nicholasville, KY 40356
      View Details
    • New
      $329,900
      2,176 SF

      New Duplex in Nicholasville, KY

      New duplex with two bedrooms and modern amenities in Nicholasville.
      510-512 N Central Ave, Nicholasville, KY 40356
      View Details
    • $2,399,000
      8,576 SF

      Nicholasville Commercial Property For Sale

      High-visibility commercial property with multiple income streams in Nicholasville, KY.
      1001-1007 Elizabeth St, Nicholasville, KY 40356
      View Details
    • $809,000
      Pending

      Jessamine County Land with Barns

      16.44 acres with barns and tenant residence in Nicholasville.
      E Brannon Rd, Nicholasville, KY 40356
      View Details
    • $1,250,000
      6,895 SF

      Nicholasville Warehouse with Development Potential

      Warehouse building and parking lot with development potential along Lexington Road.
      2019 Lexington Rd, Nicholasville, KY 40356
      View Details
    • $229,000
      1,656 SF

      Garage-o-minium Unit with Mezzanine

      Personal storage warehouse unit with mezzanine for flexible use.
      1070 Elizabeth St, Nicholasville, KY 40356
      View Details
    • $50,000
      Pending

      Nicholasville Land with Garage

      Land with a massive 2-car garage and storage shed.
      449 Young Dr, Nicholasville, KY 40356
      View Details
    • $950,000
      3.02 Acres

      Nicholasville Commercial Property For Sale

      Residence zoned for business, ideal for office or retail.
      2070 Vince Rd, Nicholasville, KY 41314
      View Details
    • $900,000
      1,961 SF

      Nicholasville Retail Development Opportunity

      Corner property with drive-thru, ideal for retail development or reuse.
      200 Blueberry Ln, Nicholasville, KY 40356
      View Details
    • $3,590,000
      30,667 SF

      Freestanding Building in Brannon Crossing

      30,667 SF building on 2.4 acres in Brannon Crossing.
      131 Marlene Dr, Nicholasville, KY 40356
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in Nicholasville with recent upgrades and convenient location.
    Where is this duplex located?
    The property is located at 405-407 Maryrose Dr Nicholasville, KY.
    What is the asking price?
    The asking price for this property is $339,900.
    What are key features of this property?
    This property features: - Opportunity for owner-occupancy with rental income potential.; - Each unit boasts 2 bedrooms, 1.5 baths, a spacious kitchen, and first-floor laundry.; - New roofs and newly constructed decks enhance the property.
    (859) 333-2160
    Request Owner's contact information
    405-407 Maryrose Dr Nicholasville, KY 40356
    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.
    405-407 Maryrose Dr
    Nicholasville, KY 40356
    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
    405-407 Maryrose Dr Nicholasville, KY 40356
    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

    We can help!
    Listing Contact
    Amelia Clark
    Amelia Clark
    (859) 333-2160 (859) 300-1415
    Learn more
    Google sign-in failed. Please try again or use another login method.