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    908 Hamlet St Newport, KY 41071

    Sponsored
    For Sale
    $250,000

    MULTI_FAMILY - Newport, KY

    Property size:
    1,592 SF
    Lot size:
    0.05 Acres
    Days on Market:
    4
    Last Refresh:
    Jan 25 at 3:06 am

    Property Features for 908 Hamlet St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Vinyl Frames, Insulated Windows
    Rooms
    Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Basement
    Bedrooms
    2
    Bathrooms
    2
    APN
    999-99-02-365.00
    Parking features
    On Street
    Patio and Porch features
    Porch
    Interior features
    Built-in Features
    Fencing
    Fenced, Privacy
    Fireplace
    1
    Basement
    Partial
    Appliances
    Electric Range, Electric Oven, Refrigerator
    Size
    1,592 SF
    Lot size
    0.05 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Cooling system
    Central Air, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1886
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick
    Roof type
    Membrane

    We can help!

    Listing Contact
    Lorrie Hayes
    Lorrie Hayes

    Keller Williams Pinnacle Group Real Estate (513) 582-6744

    Listing agent Lorrie Hayes (513) 277-0996

    Listing date Jan 22, 2026

    MLS# 635418 Listing URL

    Copyright © 2026 Northern Kentucky MLS, Inc. 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

    Property Insight Report

    Overview

    Historic Duplex in East Row

    Located in the East Row Historic District, this brick duplex offers income potential and historic charm. The property features two spacious one-bedroom units. The first-floor unit has street-level access, while the upstairs unit occupies the entire second floor and includes upgraded central AC. Large replacement windows provide natural light throughout both units. The property's character is enhanced by its brick exterior and high ceilings. The main floor is cooled by a window unit. Residents can enjoy a front courtyard, a private back patio, and proximity to eateries and riverfront attractions. The property is located on a tree-lined street and offers the opportunity to live in one unit and lease the other, or to convert the building into a single-family residence. The lot size is 0.05 acres, and the property size is 1592 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Campbell
    State
    Kentucky
    Longitude
    -84.487044
    Latitude
    39.089731

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    FAQs

    What type of property is this?
    Duplex - Charming duplex in historic district with income potential.
    Where is this duplex located?
    The property is located at 908 Hamlet St Newport, KY.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Income potential as a duplex with two spacious one-bedroom units.; - Located in the desirable East Row Historic District.; - Versatile property: live in one unit and rent the other, or convert to a single-family home.
    (513) 277-0996
    Request Owner's contact information
    908 Hamlet St Newport, KY 41071
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    Newport, KY 41071
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    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
    908 Hamlet St Newport, KY 41071
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    We can help!
    Listing Contact
    Lorrie Hayes
    Lorrie Hayes
    Real Estate License ID: 219918
    (513) 277-0996
    Learn more
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