Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    102 Deacon Lane Russellville, KY 42276

    View on Map
    Claim this Listing
    New
    For Sale
    $750,000

    Multi-Family - Russellville, KY

    Type:Multi Family
    Lot size:
    4.00 Acres
    Added:
    May 6, 2026
    Days on Market:
    3
    Last Refresh:
    May 8 at 8:06 am

    Property Features for 102 Deacon Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Patio and Porch features
    Porch, Deck
    Interior features
    Ceiling Fan(s)
    Exterior features
    Deck, Exterior Lights, Porch
    Standard status
    Active
    APN
    000
    Lot size
    4.00 Acres

    Building Details

    Year built
    2025
    Number of units
    4
    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Douglas
    Mark Douglas

    Listing agent Mark Douglas License #208172

    Listing office Coldwell Banker Legacy Group 753 Bakerfields Way, Suite 102, Bowling Green, KY

    Listing date May 6, 2026

    MLS# RA20262667 Listing URL

    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.

    HighLights

    • Newly built in 2025, ensuring modern construction.
    • Turnkey investment property with immediate income.
    • Fully leased with strong rental income of $1,175/month per unit.
    • Each unit features 2 bedrooms and 2 full baths, including one with a walk‑in shower.
    • Includes all appliances and in‑unit washer/dryer for tenant convenience.
    • Convenient in‑town location near shopping, grocery, and dining.

    Overview

    Turnkey 4-Plex Investment Opportunity

    This turnkey 4-plex investment property is located in Russellville, KY, on a 4-acre lot. The newly built property, slated for completion in 2025, features four units, each with a modern, low-maintenance layout. Each unit includes 2 bedrooms and 2 full baths, with one bath featuring a walk-in shower. All appliances are included, and each unit has its own washer and dryer. The property is fully leased at $1,175 per unit per month. The location offers convenient access to shopping, grocery stores, and dining. This property presents an excellent income-producing opportunity with the potential for additional construction.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Russellville
    County
    Logan
    State
    Kentucky
    Longitude
    -86.8859
    Latitude
    36.8547

    Nearby Similar for Sale

    • $699,900

      Versatile Commercial Property, Russellville

      Spacious commercial property with high visibility and traffic.
      420 Farmers Drive, Russellville, KY 42276
      View Details
    • $450,000

      Commercial Warehouse on 1.37 Acres

      4,000 sq ft warehouse on 1.37 acres for sale.
      206 N Thurston Drive, Russellville, KY 42276
      View Details
    • $229,900

      Versatile Commercial Property in Russellville

      High-visibility commercial property with flexible layout and ample parking.
      114 Walker Lane, Russellville, KY 42276
      View Details
    • $484,999
      3,986 SF

      Residential Farm with Workshop and Guesthouse

      7.09-acre retreat featuring main house, guesthouse, and workshop.
      80 Donald Lane, Russellville, KY 42276
      View Details
    • $350,000
      1,892 SF

      Residential Farm with Modern Features

      Well-maintained home with modern amenities on a 1-acre lot.
      103 Deer Lane, Russellville, KY 42276
      View Details
    • $159,900

      Russellville Office Building For Sale

      Well-maintained office building in a prime, high-visibility location.
      101 W 5th Street, Russellville, KY 42276
      View Details
    • $235,000

      Prime Commercial Space, Russellville, KY

      High-traffic commercial property with flexible space in Russellville, Kentucky.
      120 SW Park Square, Russellville, KY 42276
      View Details
    • $749,000
      4,607 SF

      Modern Barndominium on 3.16 Acres

      Custom-built 5-bedroom home with modern design and standout features.
      1294 Edwards Road, Russellville, KY 42276
      View Details
    • $769,000

      Commercial Investment Property in Russellville

      Commercial property with multiple buildings and income-generating leases.
      244 W H Brown Road, Russellville, KY 42276
      View Details
    • $3,350,000

      Well-Maintained Apartment Complex Investment

      Well-maintained apartment complex in Russellville, KY, offering investment potential.
      101 Longview Drive, Russellville, KY 42276
      View Details
    • $1,049,000

      Storage, Apartment, and Expansion Potential

      Multi-use property with storage units, apartment, and expansion potential.
      1810 Lewisburg Road, Russellville, KY 42276
      View Details
    • $199,900
      3,000 SF

      Downtown Office Building for Sale

      3,000 SF office building in downtown location.
      147 E 5th Street, Russellville, KY 42276
      View Details

    FAQs

    What type of property is this?
    Quadplex - Newly built 4-unit property on 4 acres in Russellville.
    Where is this quadplex located?
    The property is located at 102 Deacon Lane Russellville, KY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Newly built in 2025, ensuring modern construction.; Turnkey investment property with immediate income.; Fully leased with strong rental income of $1,175/month per unit.
    (270) 792-1847
    We can help!
    Listing Contact
    Mark Douglas
    Mark Douglas
    Real Estate License ID: 208172
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    102 Deacon Lane, Russellville, KY 42276
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!