Two-Bedroom Duplex with
121 Applewood Lane, Elizabethtown, KY 42701
For Sale
$215,900
Residential/Farm, Duplex, Elizabethtown, KY
Property Size1,255 SF
Lot Size0.14 Acres
Price / SF$172.03
Days on Market33
Property Features for 121 Applewood Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Fencing
Subdivision
Lot features
Directions
Standard status
Size
Lot size
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Roof type
Architectural style
Buildings
Listing Agency:
eXp Realty, LLC
(888) 624-6488
Listed By:
Chris Howard
(270) 723-9200
Added: Oct 8
Changed: Nov 6
Last Checked: Nov 9 at 7:06PM
MLS# HK2604231
Copyright © 2026 Heart of Kentucky Association of Realtors. 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.
This 1,255-square-foot duplex offers two bedrooms and two full bathrooms on one level, with no basement. The connected living, dining, and kitchen areas form an open central space, and the kitchen includes a peninsula bar. Both bathrooms have tile flooring; plank flooring and fresh paint were added in 2024. A walk-in closet, double vanity, and oak cabinetry add practical interior features. The roof and heat pump were installed in 2023, and the water heater was replaced in early 2024.
A sliding door opens to a concrete patio within a white privacy fence, with additional lawn beyond the enclosure. The property includes a 20-by-20-foot garage and occupies a 0.14-acre parcel. Built in 2006, the duplex has one shared wall and is on its own parcel; no HOA is stated.
A sliding door opens to a concrete patio within a white privacy fence, with additional lawn beyond the enclosure. The property includes a 20-by-20-foot garage and occupies a 0.14-acre parcel. Built in 2006, the duplex has one shared wall and is on its own parcel; no HOA is stated.
Key Highlights
- Two bedrooms and two full bathrooms in 1,255 square feet
- Roof and heat pump installed in 2023; water heater replaced in early 2024
- Fresh paint and plank flooring added in 2024; tile remains in both baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,046
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,920
$200.9K
Cap Rate 7%
$143,514
$143.5K
Cap Rate 9%
$111,622
$111.6K
Market Conditions
NOI Build-Up for 1,255 SF
Gross rent
$19.1K $15.24/SF
− Vacancy
−$861 −$0.69/SF
EGI
$18.3K $14.55/SF
− OpEx
−$8.2K −$6.55/SF
NOI
$10.0K $8.00/SF
Area
Hardin County, KY
Vacancy
4.50%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,920
Cap Rate 7%
$143,514
Cap Rate 9%
$111,622
Alternative Uses
Best Use
Apartment 5plus
$143.5K
$125.6K – $167.4K
NOI $10,046 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.2K
$198.8K – $265.1K
NOI $15,903 @ 7.0% cap · market cap 7.37%
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
271
Businesses Nearby
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Business Placement
Demographics for 42701, KY
52,731
Population
23,565
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
94%
High-School Grad
161.8 sq mi
ZIP Area
326
Density / Sq Mi
$68,715
Median Household Income
$44,251
Median Earnings
$902
Median Rent
$235,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Hardin County, KY
Properties on Market for Residential income properties in Hardin County
Frequently Asked Questions
What type of property is this?
Residential income property - Single-level living includes two full baths, a fenced outdoor area, and a 20-by-20-foot garage.
Where is this residential income property located?
The property is located at 121 Applewood Lane Elizabethtown, KY.
What is the asking price?
The asking price for this property is $215,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in 1,255 square feet; Roof and heat pump installed in 2023; water heater replaced in early 2024; Fresh paint and plank flooring added in 2024; tile remains in both baths
