Duplex with Attached
For Sale
$239,000
1128-1130 Dale Drive, Winchester, KY 40391
Both residences include vaulted living areas, private backyards, and separate one-car garages.
Property Size2,072 SF
Price / SF$115.35
Days on Market106
Property Features for 1128-1130 Dale Drive
General Information
Standard status
Active
Size
2,072 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Building Details
Building Size
2,072 SF
Year Built
1980
Buildings
1
Listing Agency:
Coldwell Banker McMahan
Listed By:
Brian T Hatfield · License #193737
(859) 621-5853
Source:
Horseandhomeestates
Added: Jul 15
Changed: Oct 26
Last Checked: Oct 26 at 2:33PM
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 McMahan
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 duplex contains two residences sold together, each with 2 bedrooms, 1.5 baths, a laundry room, and a one-car garage. Vaulted great rooms connect to the kitchens, and each side has a private backyard. The property totals 2,072 square feet and was built in 1980.
The HVAC system serving 1130 Dale Drive is new. The property is being sold as-is, and inspections are welcome.
The HVAC system serving 1130 Dale Drive is new. The property is being sold as-is, and inspections are welcome.
Key Highlights
- Two‑unit duplex totaling 2,072 square feet
- Each side has 2 bedrooms, 1.5 baths, laundry, and a one‑car garage
- Vaulted great room opens to the kitchen in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,678
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,560
$353.6K
Cap Rate 7%
$252,543
$252.5K
Cap Rate 9%
$196,422
$196.4K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$26.4K $12.72/SF
− Vacancy
−$1.1K −$0.53/SF
EGI
$25.3K $12.19/SF
− OpEx
−$7.6K −$3.66/SF
NOI
$17.7K $8.53/SF
Area
Clark 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 Rate 5%
$353,560
Cap Rate 7%
$252,543
Cap Rate 9%
$196,422
Alternative Uses
Best Use
Multifamily LT 5
$252.5K
$221.0K – $294.6K
NOI $17,678 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$226.0K
$197.7K – $263.7K
NOI $15,819 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$525.1K
$459.5K – $612.7K
NOI $36,759 @ 7.0% cap · market cap 15.38%
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
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 40391, KY
36,461
Population
16,125
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
90%
High-School Grad
237.3 sq mi
ZIP Area
154
Density / Sq Mi
$67,910
Median Household Income
$40,323
Median Earnings
$884
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include vaulted living areas, private backyards, and separate one-car garages.
Where is this duplex located?
The property is located at 1128-1130 Dale Drive Winchester, KY.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,072 square feet; Each side has 2 bedrooms, 1.5 baths, laundry, and a one‑car garage; Vaulted great room opens to the kitchen in each residence
