New Construction Duplex
Josephine Court & 101-103 Elkchester Circle Nicholasville, KY 40356
New
MULTI_FAMILY - Nicholasville, KY
Property size:
6,256 SFLot size:
0.52 AcresPrice / SF:
$167/SF- Added:
- Jul 8, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 10 at 3:06 pm
Property Features for Josephine Court & 101-103 Elkchester Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R-2
- Bedrooms
- 12
- Bathrooms
- 10
- Rooms
- Bedroom 6, Bedroom 9, Bathroom 8, Laundry Room, Bathroom 7, Bedroom 8, Bathroom 2, Bathroom 12, Bedroom 11, Bathroom 4, Bathroom 11, Bedroom 4, Bathroom 6, Bathroom 9, Bedroom 12, Bathroom 1, Bathroom 5, Bedroom 10, Bathroom 10, Bedroom 5, Bedroom 3, Bedroom 2, Bedroom 7, Bedroom 1, Bathroom 3
- Parking
- 4
- Standard status
- Active
- APN
- 058-40-18-011.00
- Size
- 6,256 SF
- Lot size
- 0.52 Acres
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Shingle
Listing agent Lauren Haggard (859) 338-8889
Listing office The Brokerage 505 Wellington Way St. 125, Lexington, KY (859) 983-7365
Listing date Jul 8, 2026
MLS# 26016658
Listing URL
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.
A package of two brand-new duplexes offers a consistent, easy-to-manage design across both properties, each built with a one-car attached garage, front porch, and back patio. Inside, the main level features a living/dining area, an upgraded kitchen with stainless steel appliances, ample cabinetry, a large walk-in pantry, and an island with bar seating. A sizable closet for additional storage and an oversized half bath complete the first floor. Upstairs, each unit provides three bedrooms, including a primary suite with 9-foot ceilings, an attached bathroom with a dual vanity, an easy-clean shower, and a walk-in closet. The second floor also includes two additional bedrooms with walk-in closets, a hallway bathroom with its own linen closet, and a designated laundry room.
The duplex package is located in Nicholasville, Kentucky, at 101-103 Elkchester Circle and 101-103 Josephine Court. Zoning is R-2.
This configuration can work well for an owner-occupant or investors looking for well-specified, low-maintenance rental homes. Construction warranties include a 10-year window warranty, 5-year roof labor and 30-year roof manufacturer’s warranty, plus 1-year coverage for HVAC labor, plumbing labor, and electrical labor. Individual duplexes are also available separately.
The duplex package is located in Nicholasville, Kentucky, at 101-103 Elkchester Circle and 101-103 Josephine Court. Zoning is R-2.
This configuration can work well for an owner-occupant or investors looking for well-specified, low-maintenance rental homes. Construction warranties include a 10-year window warranty, 5-year roof labor and 30-year roof manufacturer’s warranty, plus 1-year coverage for HVAC labor, plumbing labor, and electrical labor. Individual duplexes are also available separately.
Key Highlights
- Package of 2 new construction duplexes at 101–103 Elkchester Circle and 101–103 Josephine Court in Nicholasville
- Year built 2026; under construction with shingle roof and heat pump heating and cooling
- Duplex layout includes generous living/dining area and an upgraded kitchen with stainless steel appliances, island, and large walk‑in pantry
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 | $79.6k | $12.72 |
| − Vacancy | −$3.3k | −$0.53 |
| EGI | $76.3k | $12.19 |
| − OpEx | −$22.9k | −$3.66 |
| NOI | $53.4k | $8.53 |
6,256 SF · lease $12.72/SF/yr · vacancy 4.18% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$762.5K
$667.2K – $889.6K
NOI $53,375 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$682.3K
$597.0K – $796.0K
NOI $47,762 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $110,986 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two brand-new duplexes with attached garages, patios, and 3-bedroom layouts designed for straightforward, low-maintenance living.
Where is this duplex located?
The property is located at Josephine Court & 101-103 Elkchester Circle Nicholasville, KY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Package of 2 new construction duplexes at 101–103 Elkchester Circle and 101–103 Josephine Court in Nicholasville; Year built 2026; under construction with shingle roof and heat pump heating and cooling; Duplex layout includes generous living/dining area and an upgraded kitchen with stainless steel appliances, island, and large walk‑in pantry
