Duplex with Private
14 Locust Street Erlanger, KY 41018
14 Locust Street, Erlanger, KY, 41018
$212,999
For Sale
$212,999
Well-maintained duplex with two units, each with a private entrance and deck or porch.
Property Size1,148 SF
Price / SF$185.54
Days on Market56
Property Features for 14 Locust Street
General Information
- Standard status
- Active
- Size
- 1,148 SF
- Property subtype
- Multi Family / Multi Family
Listing agency
Realiant Northern KY LLC
(606) 224-0474
Listed by
Josh House · License #220133
(606) 224-0474
Source
Compass
Added: May 27 Updated: Jul 21 at 4:31AM Checked: Jul 21 at 4:31AM
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 Realiant Northern KY LLC
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units with their own private entrances. Both units include a private deck or porch, and the property features offstreet parking and central air.
The duplex is located at 14 Locust Street in Erlanger, Kentucky. The listing notes convenient access to major highways, including I-75/71 and I-275, along with shopping, dining, and entertainment nearby.
Unit 1 is configured as a 2-bedroom, 1-bath unit, and Unit 2 is configured as a 1-bedroom, 1-bath unit. The listing states the owner pays water, gas, and sanitation.
The duplex is located at 14 Locust Street in Erlanger, Kentucky. The listing notes convenient access to major highways, including I-75/71 and I-275, along with shopping, dining, and entertainment nearby.
Unit 1 is configured as a 2-bedroom, 1-bath unit, and Unit 2 is configured as a 1-bedroom, 1-bath unit. The listing states the owner pays water, gas, and sanitation.
Key Highlights
- Duplex at 14 Locust St. in Erlanger, KY with two separate units and private entrances
- Monthly rent totals $1,840: Unit 1 (2/1) rents for $1,050; Unit 2 (1/1) rents for $790
- Each unit includes a private deck/porch, with layouts featuring vinyl‑clad windows
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 | $15.8k | $13.80 |
| − Vacancy | −$1.1k | −$0.98 |
| EGI | $14.7k | $12.82 |
| − OpEx | −$4.4k | −$3.85 |
| NOI | $10.3k | $8.97 |
1,148 SF · lease $13.80/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$147.1K
$128.8K – $171.7K
NOI $10,300 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$131.2K
$114.8K – $153.0K
NOI $9,181 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$296.4K
$259.3K – $345.8K
NOI $20,746 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two units, each with a private entrance and deck or porch.
Where is this duplex located?
The property is located at 14 Locust Street Erlanger, KY.
What is the asking price?
The asking price for this property is $212,999.
What are key features of this property?
This property features: Duplex at 14 Locust St. in Erlanger, KY with two separate units and private entrances; Monthly rent totals $1,840: Unit 1 (2/1) rents for $1,050; Unit 2 (1/1) rents for $790; Each unit includes a private deck/porch, with layouts featuring vinyl‑clad windows
