Renovated Victorian
For Sale
$699,900
1327 State Street, Bowling Green, KY 42101
Residential/Farm, 2 Story, Duplex, Historical, Victorian, Bowling Green, KY
Property Size4,144 SF
Lot Size0.36 Acres
Price / SF$168.89
Days on Market153
Property Features for 1327 State Street
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
5
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 5, Dining Room, Bonus Room, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1
Patio and Porch features
Deck, Patio, Porch
Interior features
Attic Access Only, Bookshelves, Catherdral Ceiling(s), Ceiling Fan(s), Closet Light(s), Foam Insulation, Walk-in Closet(s)
Exterior features
Balcony, Covered Front Porch, Covered Deck, Covered Patio, Exterior Lights, Mature Trees, Stamped Concrete Walks
Fireplace
1
Appliances
Smoke Detector(s)
Lot features
Historical District, In City Limits, Sidewalks, Subdivision
Elementary school
T C Cherry
Middle school
Bowling Green Junior High
High school
Bowling Green
Directions
From exit 26, West on Cemetery Rd, left on Chestnut, right on 13th and left on State St.
Subdivision
BG Downtown
Standard status
Active
Size
4,144 SF
Lot size
0.36 Acres
Utilities
Heating system
Central, Forced Air, Ductless (Heating), Heat Pump (Heating)
Cooling system
Heat Pump, Electric, Multi Units, Central Air, ENERGY STAR Qualified Equipment
Building Details
Year built
1889
Floors in Building
2
Flooring type
Tile, Hardwood
Roof type
Shingle, Membrane, Metal
Architectural style
Victorian, Other, Historical
Listing Agency:
Keller Williams First Choice R · Keller Williams Realty
(270) 782-1811
Listed By:
Justin Reesy
(270) 779-9504
Added: May 21
Changed: Oct 17
Last Checked: Oct 20 at 2:06AM
MLS# RA20263027
Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. 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 4,144-square-foot duplex on a 0.36-acre lot combines restored Victorian character with extensive renovations. Built in 1889, the property includes 5 bedrooms, 5 full baths, two full kitchens, a vaulted great room, an open-concept kitchen, dining room, bonus room, and original windows and trim. Renovated systems include plumbing, electrical, gas lines, HVAC, spray-foam insulation, and siding. Hardwood and tile flooring, walk-in closets, bookshelves, and a fireplace add functional and architectural detail.
Outdoor improvements include a covered front porch, covered deck, covered patio, upper balcony, stamped concrete walks, exterior lighting, and mature trees. The property is located at 1327 State Street in Bowling Green, with WKU described as a short walk away. Its layout supports the duplex classification and provides distinct interior areas within the renovated historic structure.
Outdoor improvements include a covered front porch, covered deck, covered patio, upper balcony, stamped concrete walks, exterior lighting, and mature trees. The property is located at 1327 State Street in Bowling Green, with WKU described as a short walk away. Its layout supports the duplex classification and provides distinct interior areas within the renovated historic structure.
Key Highlights
- 4,144‑square‑foot duplex on a 0.36‑acre lot
- 5 bedrooms and 5 full baths
- Two full kitchens with a vaulted great room and open‑concept kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,979
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,580
$779.6K
Cap Rate 7%
$556,843
$556.8K
Cap Rate 9%
$433,100
$433.1K
Market Conditions
NOI Build-Up for 4,144 SF
Gross rent
$59.2K $14.28/SF
− Vacancy
−$3.5K −$0.84/SF
EGI
$55.7K $13.44/SF
− OpEx
−$16.7K −$4.03/SF
NOI
$39.0K $9.41/SF
Area
Warren County, KY
Vacancy
5.90%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$779,580
Cap Rate 7%
$556,843
Cap Rate 9%
$433,100
Alternative Uses
Best Use
Multifamily LT 5
$556.8K
$487.2K – $649.7K
NOI $38,979 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$519.7K
$454.7K – $606.3K
NOI $36,376 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$915.2K
$800.8K – $1.07M
NOI $64,066 @ 7.0% cap · market cap 9.15%
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
1,707
Businesses Nearby
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Business Placement
Demographics for 42101, KY
64,444
Population
26,062
Households
2.5
Avg Household Size
30
Median Age
20%
College-Educated
83%
High-School Grad
281.0 sq mi
ZIP Area
229
Density / Sq Mi
$49,045
Median Household Income
$26,564
Median Earnings
$905
Median Rent
$188,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Historic Bowling Green residence with two kitchens, restored original details, and updated mechanical and utility systems.
Where is this duplex located?
The property is located at 1327 State Street Bowling Green, KY.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 4,144‑square‑foot duplex on a 0.36‑acre lot; 5 bedrooms and 5 full baths; Two full kitchens with a vaulted great room and open‑concept kitchen
