Two-Story Duplex with Main-Floor
For Sale
$205,000
Pending
130 Twin Lakes Drive, Vine Grove, KY 40175
Residential/Farm, 2 Story, Duplex, Vine Grove, KY
Property Size1,308 SF
Lot Size0.13 Acres
Days on Market34
Property Features for 130 Twin Lakes Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Window features
Blinds
Patio and Porch features
Porch
Interior features
Ceiling Fan(s), Closet Light(s), Walk-in Closet(s)
Exterior features
Covered Front Porch, Concrete Walks, Exterior Lights, Landscaping
Appliances
Smoke Detector(s)
Subdivision
Highland Springs
Lot features
Level, In City Limits, Interior Lot, Sidewalks, Subdivision
Directions
JOE Prather take a left, then take a right, twin lakes home on the left.
Standard status
Pending
Size
1,308 SF
Lot size
0.13 Acres
Utilities
Heating system
Central, Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
2007
Floors in Building
2
Flooring type
Laminate, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX EXECUTIVE GROUP, INC. · RE/MAX International
(270) 769-1655
Listed By:
Irvin Lyons · License #204836
(270) 312-4419
Added: Jul 31
Changed: Aug 19
Last Checked: Sep 2 at 1:06AM
MLS# HK2603194
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.
Investment Insights
Based on property information with market context.
This 1,308-square-foot duplex in Vine Grove, Kentucky, was built in 2007 and offers a two-story residential layout. The home includes three bedrooms and two bathrooms, with the primary bedroom positioned on the main floor. Two additional bedrooms and a full bathroom are located upstairs, while the laundry room is also situated on the main level.
Interior features include a walk-in closet, ceiling fans, laminate and carpet flooring, central heating, a heat pump, and central air conditioning. The property occupies 0.13 acres and includes a covered front porch, concrete walkways, exterior lighting, landscaping, and a shingle roof.
Interior features include a walk-in closet, ceiling fans, laminate and carpet flooring, central heating, a heat pump, and central air conditioning. The property occupies 0.13 acres and includes a covered front porch, concrete walkways, exterior lighting, landscaping, and a shingle roof.
Key Highlights
- 3‑bedroom, 2‑bath duplex with a two‑story layout
- 1,308 square feet on a 0.13‑acre lot
- Main‑floor primary bedroom and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,273
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$225,460
$225.5K
Cap Rate 7%
$161,043
$161.0K
Cap Rate 9%
$125,256
$125.3K
Market Conditions
NOI Build-Up for 1,308 SF
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.
Gross rent
$17.0K $12.96/SF
− Vacancy
−$848 −$0.65/SF
EGI
$16.1K $12.31/SF
− OpEx
−$4.8K −$3.69/SF
NOI
$11.3K $8.62/SF
Area
Hardin County, KY
Vacancy
5.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$225,460
Cap Rate 7%
$161,043
Cap Rate 9%
$125,256
Alternative Uses
Best Use
Multifamily LT 5
$161.0K
$140.9K – $187.9K
NOI $11,273 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$149.6K
$130.9K – $174.5K
NOI $10,470 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$236.8K
$207.2K – $276.3K
NOI $16,575 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 40175, KY
15,338
Population
6,630
Households
2.3
Avg Household Size
39
Median Age
27%
College-Educated
95%
High-School Grad
80.7 sq mi
ZIP Area
190
Density / Sq Mi
$75,156
Median Household Income
$40,292
Median Earnings
$1,258
Median Rent
$205,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom layout includes a main-level laundry room and central heating and cooling.
Where is this duplex located?
The property is located at 130 Twin Lakes Drive Vine Grove, KY.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath duplex with a two‑story layout; 1,308 square feet on a 0.13‑acre lot; Main‑floor primary bedroom and laundry room
