All-Brick
For Sale
$399,900
1200 Tishoff Dr, Lexington, KY 40502
Each residence has two bedrooms, one and a half bathrooms, and an open kitchen adjoining the living room.
Property Size2,336 SF
Price / SF$171.19
Days on Market86
Property Features for 1200 Tishoff Dr
General Information
Standard status
Active
Size
2,336 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
fireplace
Building Details
Year Built
1975
Buildings
1
Construction
brick
Tenancy
Single
Listing Agency:
Real Broker, LLC - Lexington
Listed By:
Nicholas Ratliff
(859) 351-9796
Source:
Centralkyhomesforsale
Added: Jul 16
Changed: Oct 1
Last Checked: Oct 7 at 12:24PM
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 Real Broker, LLC - Lexington
Investment Insights
Based on property information with market context.
This 2,336-square-foot duplex, built in 1975, has brick construction and two units. Each residence includes two bedrooms, one and a half bathrooms, an open kitchen connected to the living room, and a brick fireplace. One unit is vacant. The property occupies a corner lot in Lexington’s 40502 ZIP code.
The location is minutes from the University of Kentucky, downtown Lexington, Richmond Road, New Circle Road, hospitals, shopping, and dining. The two-unit configuration includes the same bedroom and bathroom count in each residence.
The location is minutes from the University of Kentucky, downtown Lexington, Richmond Road, New Circle Road, hospitals, shopping, and dining. The two-unit configuration includes the same bedroom and bathroom count in each residence.
Key Highlights
- Two‑unit duplex with 2,336 square feet
- Each unit has 2 bedrooms and 1.5 bathrooms
- Brick fireplace in each living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,407
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,140
$388.1K
Cap Rate 7%
$277,243
$277.2K
Cap Rate 9%
$215,633
$215.6K
Market Conditions
NOI Build-Up for 2,336 SF
Gross rent
$29.2K $12.48/SF
− Vacancy
−$1.4K −$0.61/SF
EGI
$27.7K $11.87/SF
− OpEx
−$8.3K −$3.56/SF
NOI
$19.4K $8.31/SF
Area
Lexington, KY
Vacancy
4.90%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,140
Cap Rate 7%
$277,243
Cap Rate 9%
$215,633
Alternative Uses
Best Use
Multifamily LT 5
$277.2K
$242.6K – $323.5K
NOI $19,407 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$251.5K
$220.1K – $293.4K
NOI $17,606 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$486.7K
$425.9K – $567.8K
NOI $34,069 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
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Business Placement
Demographics for 40502, KY
26,080
Population
14,232
Households
1.8
Avg Household Size
40
Median Age
67%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,673
Density / Sq Mi
$73,939
Median Household Income
$46,197
Median Earnings
$1,068
Median Rent
$483,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one and a half bathrooms, and an open kitchen adjoining the living room.
Where is this duplex located?
The property is located at 1200 Tishoff Dr Lexington, KY.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,336 square feet; Each unit has 2 bedrooms and 1.5 bathrooms; Brick fireplace in each living area
