Two-Story Brick
1260 Upland Avenue Fort Wright, KY 41011
1260 Upland Avenue, Fort Wright, KY, 41011
$399,000
For Sale
$399,000
Two-story brick duplex with two 2-bedroom units, private basement garage, and individual washer/dryer hookups.
Property Size2,088 SF
Price / SF$191.09
Days on Market78
Property Features for 1260 Upland Avenue
General Information
- Standard status
- Active
- Size
- 2,088 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 1969
Listing agency
Huff Realty - Florence
(859) 653-2884
Listed by
Michael McKeown · License #186189
(859) 653-2884
Source
Compass
Added: May 6 Updated: Jul 22 at 8:36AM Checked: Jul 22 at 8:36AM
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 Huff Realty - Florence
Investment Insights
Based on property information with market context.
Two-story brick duplex offering two 2-bedroom, 1-bath units. Both units feature an open floor plan with living room, dining room, and kitchen in one open layout. The first-floor unit includes a large 3-season room and deck. The first floor also has newer kitchen updates, newer HVAC, and a newer hot water heater, and the bathroom was updated in 2024. Each unit has its own private basement garage and washer/dryer hookups, and some hardwood flooring is present beneath carpet.
Tenants are responsible for their own gas and electric, while the landlord pays water and sewer. The property is located in Fort Wright.
As an income-producing duplex with separate utilities for tenants and landlord-covered water and sewer, the building is set up to support both investor ownership and owner-occupant use.
Tenants are responsible for their own gas and electric, while the landlord pays water and sewer. The property is located in Fort Wright.
As an income-producing duplex with separate utilities for tenants and landlord-covered water and sewer, the building is set up to support both investor ownership and owner-occupant use.
Key Highlights
- Two‑story brick duplex built in 1969 with two 2‑bedroom units and 2 bathrooms
- Each unit features an open floor plan with LR/DR/kitchen, plus access to a private basement garage
- Private basement garage for each unit with washer/dryer hookups
Local Financial Insights For Multifamily LT 5
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 | $28.8k | $13.80 |
| − Vacancy | −$2.1k | −$0.98 |
| EGI | $26.8k | $12.82 |
| − OpEx | −$8.0k | −$3.85 |
| NOI | $18.7k | $8.97 |
2,088 SF · lease $13.80/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$267.6K
$234.2K – $312.2K
NOI $18,734 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$238.6K
$208.7K – $278.3K
NOI $16,699 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$539.0K
$471.7K – $628.9K
NOI $37,732 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-story brick duplex with two 2-bedroom units, private basement garage, and individual washer/dryer hookups.
Where is this duplex located?
The property is located at 1260 Upland Avenue Fort Wright, KY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑story brick duplex built in 1969 with two 2‑bedroom units and 2 bathrooms; Each unit features an open floor plan with LR/DR/kitchen, plus access to a private basement garage; Private basement garage for each unit with washer/dryer hookups
