Three-Unit Triplex with Rear
For Sale
$350,000
135 E Broadway St, Winchester, KY 40391
Fully rented residential property with separate living areas, kitchens, bathrooms, and a large rear deck.
Property Size2,592 SF
Price / SF$135.03
Days on Market55
Property Features for 135 E Broadway St
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
3
Amenities
deck
Listing Agency:
Keller Williams Bluegrass Realty
Listed By:
Lake Cumberland Real Estate Professional
(606) 677-0059
Source:
Lakecumberlandky
Added: Sep 4
Changed: Oct 27
Last Checked: Oct 26 at 4:01PM
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 Keller Williams Bluegrass Realty
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Investment Insights
Based on property information with market context.
This three-unit residential property at 135 E Broadway St in Winchester, KY, contains 2,592 square feet and is currently occupied by renters in all three apartments. The lower-level unit includes a spacious living room, kitchen, and bathroom. Each of the two upper-level apartments provides a living room, kitchen, bathroom, and bedroom, creating distinct layouts across the building.
A large rear deck adds exterior space to the property. The combination of three separate apartments, established occupancy, and varied unit configurations supports its use as a multifamily residential asset.
A large rear deck adds exterior space to the property. The combination of three separate apartments, established occupancy, and varied unit configurations supports its use as a multifamily residential asset.
Key Highlights
- Three separate apartments, all currently rented
- 2,592 square feet of multifamily space
- Lower‑level unit includes living room, kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,114
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,280
$442.3K
Cap Rate 7%
$315,914
$315.9K
Cap Rate 9%
$245,711
$245.7K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$33.0K $12.72/SF
− Vacancy
−$1.4K −$0.53/SF
EGI
$31.6K $12.19/SF
− OpEx
−$9.5K −$3.66/SF
NOI
$22.1K $8.53/SF
Area
Clark County, KY
Vacancy
4.18%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,280
Cap Rate 7%
$315,914
Cap Rate 9%
$245,711
Alternative Uses
Best Use
Multifamily LT 5
$315.9K
$276.4K – $368.6K
NOI $22,114 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$282.7K
$247.4K – $329.8K
NOI $19,789 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$656.9K
$574.8K – $766.4K
NOI $45,984 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Explore this area
Business Placement
Demographics for 40391, KY
36,461
Population
16,125
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
90%
High-School Grad
237.3 sq mi
ZIP Area
154
Density / Sq Mi
$67,910
Median Household Income
$40,323
Median Earnings
$884
Median Rent
$197,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Fully rented residential property with separate living areas, kitchens, bathrooms, and a large rear deck.
Where is this triplex located?
The property is located at 135 E Broadway St Winchester, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three separate apartments, all currently rented; 2,592 square feet of multifamily space; Lower‑level unit includes living room, kitchen, and bathroom
