Two-Home Multifamily
111 W 10th Avenue, Bowling Green, KY 42101
For Sale
$255,000
Multi-Family, Bowling Green, KY
Property Size1,857 SF
Lot Size0.16 Acres
Price / SF$137.32
Days on Market41
Property Features for 111 W 10th Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Lot features
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
Lot size
Additional Details
Tenant in Place
Amenities
covered patio
city views
Building Details
Year built
Number of units
Roof type
Buildings
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Andrew Self
(615) 483-2357
Added: Oct 1
Changed: Oct 30
Last Checked: Nov 10 at 7:06PM
MLS# RA20265939
Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The property comprises two detached homes with a combined 1,857 square feet of living space, four bedrooms, and three bathrooms. Major systems in both residences were renovated in 2022. A covered patio and city views are additional property features, and the homes are currently fully occupied. The site measures 0.16 acres; the original construction dates to 1906.
Fountain Square Park and downtown Bowling Green are within walking distance, while Western Kentucky University is one mile away. Nearby restaurants, shopping, entertainment, parks, and everyday amenities provide additional points of access for residents.
Fountain Square Park and downtown Bowling Green are within walking distance, while Western Kentucky University is one mile away. Nearby restaurants, shopping, entertainment, parks, and everyday amenities provide additional points of access for residents.
Key Highlights
- Two detached homes on a 0.16‑acre parcel
- Combined 1,857 square feet with 4 bedrooms and 3 bathrooms
- Major systems in both homes renovated in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,301
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,020
$326.0K
Cap Rate 7%
$232,871
$232.9K
Cap Rate 9%
$181,122
$181.1K
Market Conditions
NOI Build-Up for 1,857 SF
Gross rent
$31.2K $16.80/SF
− Vacancy
−$1.6K −$0.84/SF
EGI
$29.6K $15.96/SF
− OpEx
−$13.3K −$7.18/SF
NOI
$16.3K $8.78/SF
Area
Warren County, KY
Vacancy
5.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,020
Cap Rate 7%
$232,871
Cap Rate 9%
$181,122
Alternative Uses
Best Use
Apartment 5plus
$232.9K
$203.8K – $271.7K
NOI $16,301 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.1K
$358.9K – $478.5K
NOI $28,709 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 42101, KY
64,444
Population
26,062
Households
2.5
Avg Household Size
30
Median Age
20%
College-Educated
83%
High-School Grad
281.0 sq mi
ZIP Area
229
Density / Sq Mi
$49,045
Median Household Income
$26,564
Median Earnings
$905
Median Rent
$188,200
Median Home Value
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Market
Properties on Market for Multifamily properties in Bowling Green
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate residences share a 0.16-acre parcel and are fully occupied by tenants.
Where is this multifamily property located?
The property is located at 111 W 10th Avenue Bowling Green, KY.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Two detached homes on a 0.16‑acre parcel; Combined 1,857 square feet with 4 bedrooms and 3 bathrooms; Major systems in both homes renovated in 2022
