Three-Unit Triplex with Rear
135 E Broadway St, Winchester, KY 40391
For Sale
$350,000
All three apartments are occupied and include kitchens and bathrooms.
Property Size2,592 SF
Price / SF$135.03
Days on Market71
Property Features for 135 E Broadway St
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Amenities
deck
Listing Agency:
Premier Properties Of Lake Cumberland, Inc
Listed By:
Amy Boone · License KY #212432
(859) 494-7954
Source:
Sweethomeky
Added: Sep 4
Changed: Nov 12
Last Checked: Nov 12 at 7:45AM
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 Premier Properties Of Lake Cumberland, Inc
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Investment Insights
Based on property information with market context.
This three-unit residential income property contains 2,592 square feet arranged across three apartments. The lower-level unit includes a living room, kitchen, and bathroom. Two upper-level apartments each provide a living room, kitchen, bathroom, and bedroom. A large rear deck adds outdoor space to the property.
Located at 135 E Broadway St in Winchester, the property offers an existing three-apartment configuration with all units currently rented. The layout combines common residential features with separate apartment accommodations across the building.
Located at 135 E Broadway St in Winchester, the property offers an existing three-apartment configuration with all units currently rented. The layout combines common residential features with separate apartment accommodations across the building.
Key Highlights
- Three apartments, all currently rented
- 2,592 square feet across three residential units
- Lower‑level apartment with living room, kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,820
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,400
$396.4K
Cap Rate 7%
$283,143
$283.1K
Cap Rate 9%
$220,222
$220.2K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$29.5K $11.40/SF
− Vacancy
−$1.2K −$0.48/SF
EGI
$28.3K $10.92/SF
− OpEx
−$8.5K −$3.28/SF
NOI
$19.8K $7.65/SF
Area
Clark County, KY
Vacancy
4.18%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$396,400
Cap Rate 7%
$283,143
Cap Rate 9%
$220,222
Alternative Uses
Best Use
Multifamily LT 5
$283.1K
$247.8K – $330.3K
NOI $19,820 @ 7.0% cap · market cap 5.66%
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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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 - All three apartments are occupied and include kitchens and bathrooms.
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 apartments, all currently rented; 2,592 square feet across three residential units; Lower‑level apartment with living room, kitchen, and bathroom
