Corner Retail with Residential
For Sale
$599,000
1101 Isabella St, Newport, KY 41071
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 Market83
Property Features for 1101 Isabella St
General Information
Standard status
Active
Size
3,930 SF
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
4
Listing Agency:
Huff Realty - Florence
(859) 525-7900
Listed By:
Alex Navarrete Team
(859) 525-7900
Source:
Exprealty
Added: May 15
Changed: Jul 10
Last Checked: Jul 31 at 4:30PM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.6k | $16.44 |
| − Vacancy | −$2.1k | −$0.54 |
| EGI | $62.5k | $15.90 |
| − OpEx | −$18.7k | −$4.77 |
| NOI | $43.7k | $11.13 |
3,930 SF · lease $16.44/SF/yr · vacancy 3.28% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,690
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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
