Single-Story Patio Home
For Sale
$299,500
512 Unit 712 Old Lovers Lane, Bowling Green, KY 42103
Residential/Farm, Duplex, Bowling Green, KY
Property Size1,510 SF
Price / SF$198.34
Days on Market36
Property Features for 512 Unit 712 Old Lovers Lane
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Split Bedroom Floor Plan, Tray Ceiling(s), Vaulted Ceiling(s), Walk-in Closet(s)
Exterior features
Concrete Walks, Covered Patio, Landscaping, Patio
Appliances
Smoke Detector(s)
Subdivision
The Village at Mount Victor
Lot features
Sidewalks, Subdivision
Elementary school
Briarwood
Middle school
Drakes Creek
High school
Greenwood
Directions
From Lover's Lane, turn on Old Lovers Lane. Turn right into The Villages at Mount Victor. Duplex is in the back of the development.
Standard status
Active
Size
1,510 SF
Utilities
Heating system
Central
Cooling system
Electric, Central Air
Building Details
Year built
2025
Flooring type
Hardwood
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams First Choice R · Keller Williams Realty
(270) 782-1811
Listed By:
Chapell Volkert · License #287270
(270) 796-0001
Added: Aug 7
Changed: Sep 3
Last Checked: Sep 11 at 5:06AM
MLS# RA20264756
Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. 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 under-construction duplex presents a single-story patio home layout with 1,510 square feet of property size. The described residence includes two bedrooms, two bathrooms, and a dedicated study, with a split-bedroom arrangement, vaulted and tray ceilings, and two walk-in closets in the primary suite. Interior finishes include quartz countertops, hardwood flooring, and a tiled primary shower. Central heating and central air conditioning support year-round comfort.
Exterior features include a covered patio, additional patio space, concrete walks, and landscaping. The property was built in 2025 and includes a shingle roof, smoke detectors, and ceiling fans. Its one-level configuration and dedicated study provide a practical residential layout within a duplex setting.
Exterior features include a covered patio, additional patio space, concrete walks, and landscaping. The property was built in 2025 and includes a shingle roof, smoke detectors, and ceiling fans. Its one-level configuration and dedicated study provide a practical residential layout within a duplex setting.
Key Highlights
- Single‑story duplex with patio home configuration
- 1,510 square feet of property size
- Two bedrooms, two bathrooms, and a dedicated study
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
$14,203
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
4.74%
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%
$284,060
$284.1K
Cap Rate 7%
$202,900
$202.9K
Cap Rate 9%
$157,811
$157.8K
Market Conditions
NOI Build-Up for 1,510 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
$21.6K $14.28/SF
− Vacancy
−$1.3K −$0.84/SF
EGI
$20.3K $13.44/SF
− OpEx
−$6.1K −$4.03/SF
NOI
$14.2K $9.41/SF
Area
Warren County, KY
Vacancy
5.90%
Lease Rate
$14.28 /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%
$284,060
Cap Rate 7%
$202,900
Cap Rate 9%
$157,811
Alternative Uses
Best Use
Multifamily LT 5
$202.9K
$177.5K – $236.7K
NOI $14,203 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$189.4K
$165.7K – $220.9K
NOI $13,255 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$333.5K
$291.8K – $389.1K
NOI $23,344 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 42103, KY
22,106
Population
10,339
Households
2.1
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
70.4 sq mi
ZIP Area
314
Density / Sq Mi
$84,624
Median Household Income
$45,598
Median Earnings
$1,104
Median Rent
$303,700
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 - Under-construction duplex with hardwood floors, quartz countertops, and a covered patio.
Where is this duplex located?
The property is located at 512 Unit 712 Old Lovers Lane Bowling Green, KY.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: Single‑story duplex with patio home configuration; 1,510 square feet of property size; Two bedrooms, two bathrooms, and a dedicated study
