Rented Duplex Investment
500-502 E Chestnut St Nicholasville, KY 40356
New
For Sale
$180,000
MULTI_FAMILY - Nicholasville, KY
Property Size1,770 SF
Lot Size0.25 Acres
Price / SF$101.69
Days on Market2
Property Features for 500-502 E Chestnut St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Bedrooms
4
Bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Laundry Room, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3
Parking features
Open
Standard status
Active
APN
058202505500
Size
1,770 SF
Lot size
0.25 Acres
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Charles Collins Real Estate
(859) 885-9446
Listed By:
Bobby Perkins
(859) 338-5449
Added: Jul 28
Last Checked: Jul 29 at 10:06AM
MLS# 26020119
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.
This duplex at 500-502 E Chestnut St offers two rental units with both sides currently rented. Per the current listing, the units stay occupied at all times and showings require 24-hour notice.
The property is located in Nicholasville, KY, in Jessamine County, and is zoned R-2. The total lot size is listed as 0.25 acres, with a total property size of 1,770 square feet.
For buyers seeking an income-producing residential property, the duplex presents a straightforward two-unit configuration with current tenancy in place and a confirmed showing protocol.
The property is located in Nicholasville, KY, in Jessamine County, and is zoned R-2. The total lot size is listed as 0.25 acres, with a total property size of 1,770 square feet.
For buyers seeking an income-producing residential property, the duplex presents a straightforward two-unit configuration with current tenancy in place and a confirmed showing protocol.
Key Highlights
- Both sides currently rented (units stay occupied at all times)
- 24‑hour notice required for showings
- Year built: 1976
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 | $22.5k | $12.72 |
| − Vacancy | −$941 | −$0.53 |
| EGI | $21.6k | $12.19 |
| − OpEx | −$6.5k | −$3.66 |
| NOI | $15.1k | $8.53 |
1,770 SF · lease $12.72/SF/yr · vacancy 4.18% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$215.7K
$188.8K – $251.7K
NOI $15,101 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$193.0K
$168.9K – $225.2K
NOI $13,513 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$448.6K
$392.5K – $523.4K
NOI $31,401 @ 7.0% cap · market cap 17.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with both sides currently rented, requiring 24-hour notice as units remain occupied at all times.
Where is this duplex located?
The property is located at 500-502 E Chestnut St Nicholasville, KY.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Both sides currently rented (units stay occupied at all times); 24‑hour notice required for showings; Year built: 1976
