Two-Unit Duplex with
For Sale
$239,000
1128-1130 Dale Drive, Winchester, KY 40391
Residential Income, Winchester, KY
Property Size2,072 SF
Lot Size0.15 Acres
Price / SF$115.35
Days on Market290
Property Features for 1128-1130 Dale Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 3
Parking
5
Subdivision
Hale Heights
High school
GRC
Elementary school district
Clark County - 7
Middle school district
Clark County - 7
High school district
Clark County - 7
Directions
Winchester Bypass to East on Fulton Road to Right on Dale Drive. Home is on the Left
Standard status
Active
APN
043-1005-018-00
Size
2,072 SF
Lot size
0.15 Acres
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1980
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Coldwell Banker McMahan
(859) 266-1800
Listed By:
Brian T Hatfield · License #193737
(859) 621-5853
Added: Jan 14
Changed: Oct 12
Last Checked: Oct 31 at 8:06PM
MLS# 26000922
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.
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Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains 2,072 square feet across two separately configured units on a 0.15-acre parcel. Each residence includes a vaulted great room connected to the kitchen, two bedrooms, 1.5 baths, a laundry room, and a one-car garage. Both sides also have private rear yards with mature trees.
The property uses natural gas and forced-air heat, with window-unit cooling. The HVAC serving 1130 Dale Drive is new. The duplex is offered in its current condition, with inspections welcome. Located at 1128-1130 Dale Drive in Winchester, Kentucky, the property provides two residential units within a single multifamily asset.
The property uses natural gas and forced-air heat, with window-unit cooling. The HVAC serving 1130 Dale Drive is new. The duplex is offered in its current condition, with inspections welcome. Located at 1128-1130 Dale Drive in Winchester, Kentucky, the property provides two residential units within a single multifamily asset.
Key Highlights
- Two‑unit duplex totaling 2,072 square feet
- Each unit includes 2 bedrooms and 1.5 baths
- Separate one‑car garage for each side
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex offering matching layouts, private wooded 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 unit includes 2 bedrooms and 1.5 baths; Separate one‑car garage for each side
