Corner Retail with Residential
1101 Isabella St, Newport, KY 41071
For Sale
$599,000
Historic corner property combining a rented storefront and multiple apartments for steady, mixed-use income.
Property Size3,930 SF
Price / SF$152.42
Days on Market179
Property Features for 1101 Isabella St
General Information
Standard status
Size
Occupancy
Additional Details
Business Included
Multifamily Units
Listing Agency:
Huff Realty - Florence
Listed By:
Alex Navarrete Team
(859) 525-7900
Source:
Exprealty
Added: May 15
Changed: Oct 26
Last Checked: Nov 8 at 6:36AM
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 Huff Realty - Florence
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This historic corner property includes a storefront space and four residential units: one 2-bedroom apartment and three studio units. The commercial space is currently rented for a business, and the entire property is described as fully rented.
The property sits on a corner lot, with the storefront positioned for visibility from surrounding traffic. It is offered for sale at 1101 Isabella St, Newport, KY.
For buyers seeking a turnkey mixed-use setup, the combination of an operating retail component and multiple apartment units may provide a practical residential and commercial holding structure in one asset. The current configuration—rented storefront plus multiple occupied units—can support owners looking for an income-producing property with both retail and residential tenancy within the same footprint.
The property sits on a corner lot, with the storefront positioned for visibility from surrounding traffic. It is offered for sale at 1101 Isabella St, Newport, KY.
For buyers seeking a turnkey mixed-use setup, the combination of an operating retail component and multiple apartment units may provide a practical residential and commercial holding structure in one asset. The current configuration—rented storefront plus multiple occupied units—can support owners looking for an income-producing property with both retail and residential tenancy within the same footprint.
Key Highlights
- Historic corner property with mixed‑use setup: rented storefront plus apartments
- Includes a storefront currently rented for a business
- Residential mix includes one 2‑bedroom apartment and three studio units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,743
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,860
$874.9K
Cap Rate 7%
$624,900
$624.9K
Cap Rate 9%
$486,033
$486.0K
Market Conditions
NOI Build-Up for 3,930 SF
Gross rent
$64.6K $16.44/SF
− Vacancy
−$2.1K −$0.54/SF
EGI
$62.5K $15.90/SF
− OpEx
−$18.7K −$4.77/SF
NOI
$43.7K $11.13/SF
Area
Campbell County, KY
Vacancy
3.28%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,860
Cap Rate 7%
$624,900
Cap Rate 9%
$486,033
Alternative Uses
Best Use
Retail
$624.9K
$546.8K – $729.1K
NOI $43,743 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$466.4K
$408.1K – $544.1K
NOI $32,645 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.08M
$943.2K – $1.26M
NOI $75,456 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
Explore this area
Business Placement
Demographics for 41071, KY
19,796
Population
10,883
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
3,599
Density / Sq Mi
$58,329
Median Household Income
$44,836
Median Earnings
$1,047
Median Rent
$186,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Historic corner property combining a rented storefront and multiple apartments for steady, mixed-use income.
Where is this apartment building located?
The property is located at 1101 Isabella St Newport, KY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Historic corner property with mixed‑use setup: rented storefront plus apartments; Includes a storefront currently rented for a business; Residential mix includes one 2‑bedroom apartment and three studio units
