825/827 Independence Dr Madisonville, KY 42431
MULTI_FAMILY - Madisonville, KY
Property Features for 825/827 Independence Dr
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2
- Window features
- Double Pane Windows
- Interior features
- Mini-Blinds
- Appliances
- Range-Electric, Refrigerator
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.36 Acres
Utilities
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1977
- Number of units
- 2
- Building materials
- 1 Story, Brick
- Roof type
- Metal
Listing agent Ben Bolinger License #246976 (270) 889-7848
Listing office Bolinger Real Estate & Auction 110 John Rives Road, Hopkinsville, KY (270) 632-8882
Listing date Jan 15, 2026
Copyright © 2026 Madisonville-Hopkins County Board of Realtors. 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.
The property is located at 825/827 Independence Dr in Madisonville, Kentucky (Hopkins County). The duplex configuration supports straightforward operation as a two-unit residential income property, with each unit maintained under its respective lease terms.
For investors or owner-operators seeking a residential income asset, the existing leases provide an operational baseline with both flexibility and longer-term structure. Because one unit is month-to-month, it may offer more adaptability over time, while the other unit’s year lease signed 9/30/25 provides defined tenancy for the current term. This is a practical fit for buyers looking for a small, manageable duplex format with documented in-place leasing details.
Key Highlights
- Two units with current leases: one at $500 and one at $775
- Lease terms: one unit month‑to‑month; the other has a year lease signed 9/30/25
- 1‑story brick construction with a metal roof, built in 1977
Local 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 | $15.3k | $10.20 |
| − Vacancy | −$765 | −$0.51 |
| EGI | $14.5k | $9.69 |
| − OpEx | −$4.4k | −$2.91 |
| NOI | $10.2k | $6.78 |
