Brick Duplex with Attached
New
For Sale
$319,900
112 A-B Meadowlark, Nicholasville, KY 40356
Residential, Nicholasville, KY
Property Size2,135 SF
Lot Size0.51 Acres
Price / SF$149.84
Days on Market3
Property Features for 112 A-B Meadowlark
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Laundry Room, Basement, Bathroom 1, Bedroom 4, Bedroom 2
Parking features
Garage - Attached, Off Street, Driveway
Interior features
Eat-in Kitchen, Primary First Floor
Basement
Walk-Out Access, Unfinished
Subdivision
Moss Heights
Lot features
Landscaped
Elementary school
Brookside
Middle school
East Jessamine Middle School
High school
East Jess HS
Elementary school district
Jessamine County - 9
Middle school district
Jessamine County - 9
High school district
Jessamine County - 9
Directions
169 to Meadowlark Lane
Standard status
Active
APN
058-10-09-008.00
Size
2,135 SF
Lot size
0.51 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ceiling
Cooling system
Window Unit(s)
Water source
Public
Building Details
Flooring type
Carpet, Vinyl
Building materials
Brick
Roof type
Composition
Listing Agency:
RE/MAX Creative Realty · RE/MAX International
(859) 422-2000
Listed By:
Maggie C Taylor · License #5e3678
(859) 396-2179
Added: Sep 14
Last Checked: Sep 16 at 12:06AM
MLS# 26025233
Copyright © 2026 ImagineMLS. 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 2,135-square-foot duplex presents two separate residential units, each with 2 bedrooms, a bathroom, a private front entrance, and a living room oriented toward the front yard. Both units include an eat-in kitchen with a range, refrigerator, and pantry, along with a laundry closet and added shelving. The brick exterior is complemented by a composition roof, carpet and vinyl flooring, ceiling heat, and window-unit cooling.
The property sits on a 0.514-acre lot and includes an unfinished walk-out basement that provides storage space and potential for additional finished area. Each side has an oversized attached garage, while the site also offers driveway and off-street parking. Public water and public sewer serve the property, and cable service is available.
The property sits on a 0.514-acre lot and includes an unfinished walk-out basement that provides storage space and potential for additional finished area. Each side has an oversized attached garage, while the site also offers driveway and off-street parking. Public water and public sewer serve the property, and cable service is available.
Key Highlights
- 2,135 SF duplex on a 0.514‑acre lot
- Two units with 2 bedrooms and 1 bathroom each
- Oversized attached garage serving each unit
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
$18,215
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
5.69%
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%
$364,300
$364.3K
Cap Rate 7%
$260,214
$260.2K
Cap Rate 9%
$202,389
$202.4K
Market Conditions
NOI Build-Up for 2,135 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
$27.2K $12.72/SF
− Vacancy
−$1.1K −$0.53/SF
EGI
$26.0K $12.19/SF
− OpEx
−$7.8K −$3.66/SF
NOI
$18.2K $8.53/SF
Area
Jessamine County, KY
Vacancy
4.18%
Lease Rate
$12.72 /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%
$364,300
Cap Rate 7%
$260,214
Cap Rate 9%
$202,389
Alternative Uses
Best Use
Multifamily LT 5
$260.2K
$227.7K – $303.6K
NOI $18,215 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$232.9K
$203.8K – $271.7K
NOI $16,300 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$541.1K
$473.5K – $631.3K
NOI $37,877 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
517
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-bedroom units offer private entries, eat-in kitchens, storage, and walk-out basement access.
Where is this duplex located?
The property is located at 112 A-B Meadowlark Nicholasville, KY.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 2,135 SF duplex on a 0.514‑acre lot; Two units with 2 bedrooms and 1 bathroom each; Oversized attached garage serving each unit
