Ranch Residential Income
New
For Sale
$320,000
107-1B Arlingwood Court, Elizabethtown, KY 42701
CONDOS - Elizabethtown, KY
Property Size1,783 SF
Price / SF$179.47
Days on Market4
Property Features for 107-1B Arlingwood Court
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Exterior features
Covered Patio, Landscaping, Patio, Sprinkler System
Fireplace
1
Appliances
Dryer, Smoke Detector(s), Washer
Subdivision
Villas of Arlington Park
Lot features
Cul-de- Sac, Subdivision
Directions
31-W to left on Ring Road; turn right on Veterans Way; left onto Robinbrooke Boulevard. Right on Arlingwood Court.
Standard status
Active
Size
1,783 SF
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2009
Flooring type
Tile, Hardwood
Roof type
Shingle
Architectural style
Ranch, Other
Listing Agency:
MELLOAN REAL ESTATE
(270) 769-4663
Listed By:
John & Joni Melloan Team
(270) 300-4663
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 9 at 9:06PM
MLS# HK2603302
Copyright © 2026 Heart of Kentucky Association of Realtors. 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.
This 1,783-square-foot ranch residence, built in 2009, features upgraded cabinetry, granite countertops, a gas range, wood flooring, and tile floors. A natural-gas fireplace adds a central gathering feature, while the primary bathroom includes heated tile flooring. The floor plan also provides an office adjoining the primary suite, two bedrooms, two bathrooms, a dining room, and a two-car garage with additional attic storage.
Outdoor amenities include a covered patio, landscaped grounds, and an irrigation sprinkler system. Natural-gas forced-air heating, central air, a shingle roof, and included washer and dryer equipment are also present. The property is near shopping, restaurants, and churches, with access to Fort Knox described as an easy drive.
The HOA covers water, lawn care, irrigation, landscaping, exterior building maintenance, roofing, snow removal, and Thursday trash pickup.
Outdoor amenities include a covered patio, landscaped grounds, and an irrigation sprinkler system. Natural-gas forced-air heating, central air, a shingle roof, and included washer and dryer equipment are also present. The property is near shopping, restaurants, and churches, with access to Fort Knox described as an easy drive.
The HOA covers water, lawn care, irrigation, landscaping, exterior building maintenance, roofing, snow removal, and Thursday trash pickup.
Key Highlights
- 1,783‑square‑foot ranch residence built in 2009
- Two‑car garage with additional attic storage
- Upgraded cabinetry, granite countertops, gas range, and wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,273
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,460
$285.5K
Cap Rate 7%
$203,900
$203.9K
Cap Rate 9%
$158,589
$158.6K
Market Conditions
NOI Build-Up for 1,783 SF
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.
Gross rent
$27.2K $15.24/SF
− Vacancy
−$1.2K −$0.69/SF
EGI
$26.0K $14.55/SF
− OpEx
−$11.7K −$6.55/SF
NOI
$14.3K $8.00/SF
Area
Hardin County, KY
Vacancy
4.50%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$285,460
Cap Rate 7%
$203,900
Cap Rate 9%
$158,589
Alternative Uses
Best Use
Apartment 5plus
$203.9K
$178.4K – $237.9K
NOI $14,273 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$322.8K
$282.4K – $376.6K
NOI $22,594 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 42701, KY
52,731
Population
23,565
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
94%
High-School Grad
161.8 sq mi
ZIP Area
326
Density / Sq Mi
$68,715
Median Household Income
$44,251
Median Earnings
$902
Median Rent
$235,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-story residence with upgraded finishes, a covered patio, and a two-car garage with attic storage.
Where is this residential income property located?
The property is located at 107-1B Arlingwood Court Elizabethtown, KY.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,783‑square‑foot ranch residence built in 2009; Two‑car garage with additional attic storage; Upgraded cabinetry, granite countertops, gas range, and wood flooring
