1223/1233 Clyde Elrod Avenue Kevil, KY 42053
MULTI_FAMILY - Kevil, KY
- Added:
- Feb 25, 2026
- Days on Market:
- 137
- Last Refresh:
- Jul 12 at 9:06 am
Property Features for 1223/1233 Clyde Elrod Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 23
- Bathrooms
- 16
- Rooms
- Bathroom 5, Bathroom 14, Bedroom 12, Bathroom 9, Bedroom 3, Bedroom 4, Bathroom 8, Bedroom 15, Bathroom 2, Bathroom 4, Bedroom 14, Bathroom 16, Bathroom 1, Bedroom 22, Bedroom 11, Bathroom 6, Bathroom 11, Bedroom 6, Bedroom 18, Bathroom 15, Bathroom 10, Bedroom 2, Bedroom 8, Bedroom 13, Laundry Room, Bedroom 9, Bedroom 10, Bedroom 20, Bedroom 19, Bedroom 23, Bathroom 13, Bedroom 16, Bathroom 3, Bedroom 1, Bathroom 7, Bedroom 21, Bedroom 17, Bedroom 5, Bedroom 7, Bathroom 12
- Standard status
- Active
- Size
- 9,999 SF
- Lot size
- 2.13 Acres
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Number of units
- 12
Listing agent Jaime Abell License #261465 (270) 703-0007
Listing office Arnold Realty Group 120 Cave Thomas Drive, Suite A, Paducah, KY (270) 558-1338
Listing date Feb 25, 2026
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.
Investment Insights
Based on property information with market context.
The property is located at 1223/1233 Clyde Elrod Avenue in Kevil, Kentucky (Ballard County). The offering is structured as a single combined sale for investors looking to acquire multiple residential units under one transaction.
The variety of unit layouts makes this portfolio practical for operators seeking a mix of 1-bedroom and 2-bedroom rentals. With attached 1-car garages on specified units and a workshop available for storage, the configuration supports day-to-day property management. The seller reports all units have been very well maintained, which may help reduce immediate turnaround concerns for a new owner.
Key Highlights
- 12‑unit portfolio sold together: 5 duplexes and 2 single‑family homes
- Unit mix: four 2BD/2BA units with a 1‑car garage
- Two single‑family dwellings: one 2BD/1BA with a 1‑car garage; one 1BD/1BA
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.2k | $16.32 |
| − Vacancy | −$14.0k | −$1.40 |
| EGI | $149.1k | $14.92 |
| − OpEx | −$67.1k | −$6.71 |
| NOI | $82.0k | $8.20 |
