Updated Duplex with In-Unit
1 West 13th Street Newport, KY 41071
1 West 13th Street, Newport, KY, 41071
$275,000
For Sale
$275,000
Turnkey duplex with two updated 1-bed/1-bath units, each offering in-unit laundry and central HVAC.
Property Size1,472 SF
Price / SF$186.82
Days on Market56
Property Features for 1 West 13th Street
General Information
- Standard status
- Active
- Size
- 1,472 SF
- Property subtype
- Multi Family / Multi Family
Listing agency
Sparen Realty
(859) 757-6688
Listed by
Ryan Arey · License #252291
(859) 757-6688
Source
Compass
Added: May 28 Updated: Jul 22 at 3:36AM Checked: Jul 22 at 3:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sparen Realty
Investment Insights
Based on property information with market context.
Turnkey duplex at 1 West 13th Street featuring two updated 1-bed/1-bath units, each ready for immediate occupancy. Both units include in-unit laundry, central air, and central heat, designed for day-to-day convenience and straightforward operations.
The property offers Cincinnati skyline views and is positioned in Newport with convenient access to downtown Cincinnati, Newport on the Levee, and Monmouth Street. New luxury construction surrounds the area.
This configuration allows for flexible living and renting, with the duplex offering two independent, similarly appointed units.
The property offers Cincinnati skyline views and is positioned in Newport with convenient access to downtown Cincinnati, Newport on the Levee, and Monmouth Street. New luxury construction surrounds the area.
This configuration allows for flexible living and renting, with the duplex offering two independent, similarly appointed units.
Key Highlights
- Duplex with two updated 1‑bed/1‑bath units
- Each unit includes in‑unit laundry
- Each unit offers central air and central heat
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 | $20.7k | $14.04 |
| − Vacancy | −$1.7k | −$1.17 |
| EGI | $18.9k | $12.87 |
| − OpEx | −$5.7k | −$3.86 |
| NOI | $13.3k | $9.01 |
1,472 SF · lease $14.04/SF/yr · vacancy 8.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$189.4K
$165.7K – $221.0K
NOI $13,257 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$174.7K
$152.8K – $203.8K
NOI $12,227 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$403.7K
$353.3K – $471.0K
NOI $28,262 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex with two updated 1-bed/1-bath units, each offering in-unit laundry and central HVAC.
Where is this duplex located?
The property is located at 1 West 13th Street Newport, KY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Duplex with two updated 1‑bed/1‑bath units; Each unit includes in‑unit laundry; Each unit offers central air and central heat
