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Brick Duplex with Attached Garages
For Sale
$335,000
Pending

1120-1124 Garfield Street, Bowling Green, KY 42101

Each residence has three bedrooms, 2.5 baths, and an open kitchen and living area.

Property Size2,368 SF
Days on Market59

Property Features for 1120-1124 Garfield Street

General Information

Standard status Pending
Size 2,368 SF
Total Parking Spaces 2
Property subtype Residential Income / Duplex

Units

Unit Mix 2 x 3BR/2.5BA
Multifamily Units 2

Additional Details

Average Monthly Rent $1,450
Tenant in Place Yes

Amenities

Ceiling Fan(s)
No
Electric
Electric Water Heater
Yes
4
2
6
Screens
Lighting

Building Details

Year Built 2026
Buildings 1
Construction brick
Listing Agency: Coldwell Banker Legacy Group
Listed By: Linda H Moore · License #275840
Source: Compass
Added: Sep 4 Changed: Oct 31 Last Checked: Oct 31 at 3:33AM

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 Coldwell Banker Legacy Group

Rey
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Investment Insights

Based on property information with market context.

Built in 2026, this 2,368-square-foot brick duplex contains two matching residences. Each has an open kitchen and living space with granite countertops and luxury vinyl tile, plus an attached one-car garage. The two-story layout places a primary suite with a private bath, two additional bedrooms, a hall bath, and a utility closet upstairs in each home.

Both units are currently leased. The property is at 1120-1124 Garfield Street in Bowling Green, Kentucky.

Key Highlights

  • Two matching residences in a 2,368‑square‑foot duplex
  • Brick construction; built in 2026
  • Each unit includes 3 bedrooms and 2.5 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$22,274
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,480 $445.5K
Cap Rate 7%
$318,200 $318.2K
Cap Rate 9%
$247,489 $247.5K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$33.8K $14.28/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$31.8K $13.44/SF
− OpEx
−$9.5K −$4.03/SF
NOI
$22.3K $9.41/SF
Area
Warren County, KY
Vacancy
5.90%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,480
Cap Rate 7%
$318,200
Cap Rate 9%
$247,489

Alternative Uses

Best Use
Multifamily LT 5
$318.2K
$278.4K – $371.2K (±1% cap)
NOI $22,274 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$296.9K
$259.8K – $346.4K (±1% cap)
NOI $20,786 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$523.0K
$457.6K – $610.2K (±1% cap)
NOI $36,609 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each residence has three bedrooms, 2.5 baths, and an open kitchen and living area.
Where is this duplex located?
The property is located at 1120-1124 Garfield Street Bowling Green, KY.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two matching residences in a 2,368‑square‑foot duplex; Brick construction; built in 2026; Each unit includes 3 bedrooms and 2.5 bathrooms
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