Fully Occupied
For Sale
$300,000
1417 North Sunrise Drive, Bowling Green, KY 42101
Four-unit residential property with electric service, electric water heating, and covered deck space.
Property Size2,312 SF
Price / SF$129.76
Days on Market55
Property Features for 1417 North Sunrise Drive
General Information
Standard status
Active
Size
2,312 SF
Property subtype
Residential Income / Quadruplex
Occupancy
100%
Additional Details
Multifamily Units
4
Amenities
No
Electric
Electric Water Heater
Yes
4
Covered, Deck
Building Details
Year Built
1976
Buildings
1
Listing Agency:
BHG Realty
Listed By:
Nicholas Lawson · License #296962
(270) 599-0246
Source:
Compass
Added: Aug 3
Changed: Sep 26
Last Checked: Sep 26 at 1:29PM
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 BHG Realty
Investment Insights
Based on property information with market context.
This four-unit residential income property at 1417 North Sunrise Drive in Bowling Green, Kentucky, contains 2,312 square feet and was built in 1976. The building is fully occupied and includes electric service, electric water heating, and covered deck space.
The property is offered as a quadplex with four residential units and existing occupancy in place. Its configuration provides a straightforward multifamily format for an owner seeking an established residential income asset.
The property is offered as a quadplex with four residential units and existing occupancy in place. Its configuration provides a straightforward multifamily format for an owner seeking an established residential income asset.
Key Highlights
- Four‑unit quadplex at 1417 North Sunrise Drive
- 2,312 square feet of property size
- Fully occupied
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
$21,747
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
7.25%
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%
$434,940
$434.9K
Cap Rate 7%
$310,671
$310.7K
Cap Rate 9%
$241,633
$241.6K
Market Conditions
NOI Build-Up for 2,312 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
$33.0K $14.28/SF
− Vacancy
−$1.9K −$0.84/SF
EGI
$31.1K $13.44/SF
− OpEx
−$9.3K −$4.03/SF
NOI
$21.7K $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 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%
$434,940
Cap Rate 7%
$310,671
Cap Rate 9%
$241,633
Alternative Uses
Best Use
Multifamily LT 5
$310.7K
$271.8K – $362.5K
NOI $21,747 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$289.9K
$253.7K – $338.3K
NOI $20,295 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$510.6K
$446.8K – $595.7K
NOI $35,743 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with electric service, electric water heating, and covered deck space.
Where is this quadplex located?
The property is located at 1417 North Sunrise Drive Bowling Green, KY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four‑unit quadplex at 1417 North Sunrise Drive; 2,312 square feet of property size; Fully occupied
