Duplex with Enclosed Rear
New
For Sale
$259,000
109A Mt Vernon Court, Elizabethtown, KY 42701
Residential/Farm, Duplex, Elizabethtown, KY
Property Size1,297 SF
Lot Size0.17 Acres
Price / SF$199.69
Days on Market2
Property Features for 109A Mt Vernon Court
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Patio and Porch features
Patio, Porch
Interior features
Walk-in Closet(s)
Exterior features
Covered Front Porch, Enclosed Patio
Subdivision
Freeman Green
Lot features
Cul-de- Sac, Subdivision
Directions
N. MANTLE TO WASHINGTON STREET, CONTINUE TO MT. VERNON COURT,
Standard status
Active
Size
1,297 SF
Lot size
0.17 Acres
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
enclosed porch
garage
Building Details
Year built
1988
Flooring type
Laminate
Roof type
Shingle
Architectural style
Other
Listing Agency:
BEST REALTY
(270) 769-3033
Listed By:
Kent Gibson
(270) 312-6961
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 9:06PM
MLS# HK2603567
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 duplex offers 1,297 square feet on a 0.17-acre lot in Elizabethtown. The home includes two bedrooms, two full baths, a living area, and a dining area, with laminate flooring and newer vinyl plank flooring across much of the interior. A walk-in closet adds storage, while the enclosed 8-by-18-foot rear porch has glass sliding windows. Additional exterior features include a covered front porch, patio, and garage.
Built in 1988, the property has central air conditioning, forced-air heating, a shingle roof, and natural gas availability. Its Elizabethtown location places the duplex within the 42701 postal area.
Built in 1988, the property has central air conditioning, forced-air heating, a shingle roof, and natural gas availability. Its Elizabethtown location places the duplex within the 42701 postal area.
Key Highlights
- Duplex with 1,297 square feet on a 0.17‑acre lot
- Two bedrooms and two full baths
- Enclosed 8‑by‑18‑foot rear porch with glass sliding windows
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
$11,178
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
4.32%
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%
$223,560
$223.6K
Cap Rate 7%
$159,686
$159.7K
Cap Rate 9%
$124,200
$124.2K
Market Conditions
NOI Build-Up for 1,297 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
$16.8K $12.96/SF
− Vacancy
−$840 −$0.65/SF
EGI
$16.0K $12.31/SF
− OpEx
−$4.8K −$3.69/SF
NOI
$11.2K $8.62/SF
Area
Hardin County, KY
Vacancy
5.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
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%
$223,560
Cap Rate 7%
$159,686
Cap Rate 9%
$124,200
Alternative Uses
Best Use
Multifamily LT 5
$159.7K
$139.7K – $186.3K
NOI $11,178 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$148.3K
$129.8K – $173.0K
NOI $10,382 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$234.8K
$205.5K – $273.9K
NOI $16,436 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
984
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - 1988 property with central air, forced-air heating, garage, and two bedrooms with two full baths.
Where is this duplex located?
The property is located at 109A Mt Vernon Court Elizabethtown, KY.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Duplex with 1,297 square feet on a 0.17‑acre lot; Two bedrooms and two full baths; Enclosed 8‑by‑18‑foot rear porch with glass sliding windows
