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    Turn-Key Four-Unit Multi-Family Title is generated by Realmo AI

    105 Lakeview Drive, Glasgow, KY 42141

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    Claim this Listing
    For Sale
    $399,000

    MULTI_FAMILY - Glasgow, KY

    Property size:
    800 SF
    Lot size:
    0.78 Acres
    Price / SF:
    $498/SF
    Added:
    Apr 13, 2026
    Days on Market:
    52
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 105 Lakeview Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 3
    Parking features
    Parking Lot
    Patio and Porch features
    Porch
    Interior features
    Attic Access Only, Closet Light(s), Walk-in Closet(s)
    Exterior features
    Landscaping, Outdoor Lighting, Porch
    Standard status
    Active
    Lot size
    0.78 Acres

    Building Details

    Year built
    2006
    Number of units
    4

    We can help!

    Listing Contact
    Dr. Penny Masden

    Listing agent Dr. Penny Masden License #215990

    Listing office RE/MAX Real Estate Executives 2530 Scottsville Road Suite 101, Bowling Green, KY

    Listing date Apr 13, 2026

    MLS# RA20262012 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

    • Four (4) unit multi‑family property at 105 Lakeview Dr in Glasgow, KY
    • 100% occupied, with steady demand
    • 2006 construction
    • One‑bedroom, one‑bath unit configuration; property includes 800 sq ft
    • Three of the four units have been completely re‑done
    • Large parking lot with multiple spaces per unit; exterior includes porch, outdoor lighting, and landscaping

    Overview

    This four-unit multi-family property is presented as turn-key and is described as well maintained. The units have one-bedroom, one-bath layouts. Public remarks indicate that three of the four units have been completely re-done, while the remaining unit is part of the current operating setup. The property is currently 100% occupied, and a large parking area provides multiple spaces per unit.

    The address is 105 Lakeview Drive in Glasgow, Kentucky (Barren County). The listing notes the property is located beside a park and provides convenient access to downtown Glasgow.

    For investors or buyers seeking a small, fully occupied residential income asset, this quadplex offers an established configuration of one-bedroom, one-bath units with on-site parking and recent updates to most of the building. With three units described as fully re-done, the property may appeal to operators looking for a manageable footprint within a four-unit structure. Prospective purchasers should review unit-by-unit conditions and the scope of the completed renovations directly with the seller.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Glasgow
    County
    Barren
    State
    Kentucky
    Longitude
    -85.9004255
    Latitude
    36.9908805

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit property with one-bedroom, one-bath layouts, partial unit updates, and large on-site parking.
    Where is this quadplex located?
    The property is located at 105 Lakeview Drive Glasgow, KY.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Four (4) unit multi‑family property at 105 Lakeview Dr in Glasgow, KY; 100% occupied, with steady demand; 2006 construction
    (270) 991-5551
    We can help!
    Listing Contact
    Dr. Penny Masden
    Real Estate License ID: 215990
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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.

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