Duplex with Attached
For Sale
$499,900
105-107 Elkchester Cir, Nicholasville, KY 40356
Move-in-ready duplex with stainless steel appliances, private outdoor areas, and no HOA.
Property Size3,128 SF
Price / SF$159.81
Days on Market52
Property Features for 105-107 Elkchester Cir
General Information
Standard status
Active
Size
3,128 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
The Brokerage
Listed By:
Lauren Haggard
(859) 338-8889
Source:
Centralkyhomefinder
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 26 at 4:17PM
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 The Brokerage
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Investment Insights
Based on property information with market context.
Built in 2026, this 3,128-square-foot duplex offers two attached residences designed for practical living and rental use. Each layout includes an open living and dining area, an upgraded kitchen with stainless steel appliances, extensive cabinetry, a walk-in pantry, and a main-level half bath. The upper level provides three bedrooms, including a primary suite with 9-foot ceilings, dual vanity, easy-clean shower, and walk-in closet. Additional features include walk-in closets, a large hall bathroom with linen storage, a dedicated laundry room, and one-car attached garages.
Exterior improvements include front porches, back patios, and the ability to add privacy fencing. The property has no HOA and is located in Nicholasville with access to area amenities and a stated 15-minute drive to Lexington. Coverage includes a 10-year window warranty, 5-year roof labor warranty, 30-year roof manufacturer’s warranty, and 1-year labor warranties for HVAC, plumbing, and electrical systems.
Exterior improvements include front porches, back patios, and the ability to add privacy fencing. The property has no HOA and is located in Nicholasville with access to area amenities and a stated 15-minute drive to Lexington. Coverage includes a 10-year window warranty, 5-year roof labor warranty, 30-year roof manufacturer’s warranty, and 1-year labor warranties for HVAC, plumbing, and electrical systems.
Key Highlights
- 3,128‑square‑foot duplex built in 2026
- Each residence includes a one‑car attached garage, front porch, and back patio
- Three‑bedroom layouts with primary suites, walk‑in closets, and dedicated laundry rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,688
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,760
$533.8K
Cap Rate 7%
$381,257
$381.3K
Cap Rate 9%
$296,533
$296.5K
Market Conditions
NOI Build-Up for 3,128 SF
Gross rent
$39.8K $12.72/SF
− Vacancy
−$1.7K −$0.53/SF
EGI
$38.1K $12.19/SF
− OpEx
−$11.4K −$3.66/SF
NOI
$26.7K $8.53/SF
Area
Jessamine County, KY
Vacancy
4.18%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,760
Cap Rate 7%
$381,257
Cap Rate 9%
$296,533
Alternative Uses
Best Use
Multifamily LT 5
$381.3K
$333.6K – $444.8K
NOI $26,688 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$341.2K
$298.5K – $398.0K
NOI $23,881 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$792.8K
$693.7K – $924.9K
NOI $55,493 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
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Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Move-in-ready duplex with stainless steel appliances, private outdoor areas, and no HOA.
Where is this duplex located?
The property is located at 105-107 Elkchester Cir Nicholasville, KY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3,128‑square‑foot duplex built in 2026; Each residence includes a one‑car attached garage, front porch, and back patio; Three‑bedroom layouts with primary suites, walk‑in closets, and dedicated laundry rooms
