Updated
107 Ross Street, Nicholasville, KY 40356
For Sale
$235,000
Three residential units are currently occupied, with recent renovation work completed across the property.
Property Size2,296 SF
Price / SF$102.35
Days on Market107
Property Features for 107 Ross Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Building Details
Building Size
Buildings
Listing Agency:
ERA Select Real Estate
(859) 285-2970
Listed By:
Alyssa Weir · License KY #246685
(859) 444-5332
Source:
Bluegrasspropertiesgroup
Added: Jul 27
Changed: Nov 8
Last Checked: Nov 9 at 2:21PM
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 ERA Select Real Estate
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Investment Insights
Based on property information with market context.
This 2,296-square-foot triplex contains three residential units and is currently occupied. Recent renovation work has refreshed the property, with improvements made across the building. The address is 107 Ross Street in Nicholasville, Kentucky.
Key Highlights
- Three‑unit residential property totaling 2,296 square feet
- All units are occupied
- Recent renovations across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,556
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,120
$351.1K
Cap Rate 7%
$250,800
$250.8K
Cap Rate 9%
$195,067
$195.1K
Market Conditions
NOI Build-Up for 2,296 SF
Gross rent
$26.2K $11.40/SF
− Vacancy
−$1.1K −$0.48/SF
EGI
$25.1K $10.92/SF
− OpEx
−$7.5K −$3.28/SF
NOI
$17.6K $7.65/SF
Area
Jessamine County, KY
Vacancy
4.18%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,120
Cap Rate 7%
$250,800
Cap Rate 9%
$195,067
Alternative Uses
Best Use
Multifamily LT 5
$250.8K
$219.5K – $292.6K
NOI $17,556 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$250.4K
$219.1K – $292.2K
NOI $17,529 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$581.9K
$509.2K – $678.9K
NOI $40,733 @ 7.0% cap · market cap 17.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
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?
Triplex - Three residential units are currently occupied, with recent renovation work completed across the property.
Where is this triplex located?
The property is located at 107 Ross Street Nicholasville, KY.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Three‑unit residential property totaling 2,296 square feet; All units are occupied; Recent renovations across the property
