New Duplex in Nicholasville,
510-512 N Central Avenue Nicholasville, KY 40356
For Sale
$329,900
MULTI_FAMILY - Nicholasville, KY
Property Size2,176 SF
Lot Size0.51 Acres
Price / SF$151.61
Days on Market183
Property Features for 510-512 N Central Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 1
Standard status
Active
APN
058-30-07-051.00
Size
2,176 SF
Lot size
0.51 Acres
Utilities
Utilities
Water Available
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
2024
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Creative Realty
(859) 422-2000
Listed By:
Maggie C Taylor · License #5e3678
(859) 396-2179
Added: Jan 27
Changed: Jul 27
Last Checked: Jul 29 at 5:06PM
MLS# 26001793
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 newly completed duplex, located in downtown Nicholasville, features two spacious bedrooms and 1.5 bathrooms on each side. The property offers an open living concept complemented by luxury vinyl plank flooring on the first level and beautiful cabinetry. Each unit has access to the rear yard. The structure is equipped with dimensional shingles, city sewer, city water, and an electric heat pump on each side, along with an electric water heater. The lot size of 0.514 acres is suitable for long-term tenants. The property is intended for multi-family or residential income use.
Key Highlights
- Newly completed duplex with open living concept on each side
- Each unit features 2 spacious bedrooms and 1.5 bathrooms
- Luxury vinyl plank flooring on the first level
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 | $27.7k | $12.72 |
| − Vacancy | −$1.2k | −$0.53 |
| EGI | $26.5k | $12.19 |
| − OpEx | −$8.0k | −$3.66 |
| NOI | $18.6k | $8.53 |
2,176 SF · lease $12.72/SF/yr · vacancy 4.18% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$265.2K
$232.1K – $309.4K
NOI $18,565 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$237.3K
$207.7K – $276.9K
NOI $16,613 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$551.5K
$482.6K – $643.4K
NOI $38,604 @ 7.0% cap · market cap 11.70%
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 - New duplex with two bedrooms and modern amenities in Nicholasville.
Where is this duplex located?
The property is located at 510-512 N Central Avenue Nicholasville, KY.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Newly completed duplex with open living concept on each side; Each unit features 2 spacious bedrooms and 1.5 bathrooms; Luxury vinyl plank flooring on the first level
