166-168 Heritage Drive, Nicholasville, KY 40356
MULTI_FAMILY - Nicholasville, KY
- Added:
- Jun 30, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 5 at 1:06 am
Property Features for 166-168 Heritage Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 4, Bedroom 4, Bathroom 2, Laundry Room, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1
- Parking
- 16
- Parking features
- Covered, Open
- Standard status
- Active
- APN
- 057-40-12-045
- Size
- 2,670 SF
- Lot size
- 0.13 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Floors in Building
- 3
- Number of units
- 2
- Roof type
- Shingle
Listing agent Terra Jeffries (859) 312-0058
Listing office RE/MAX Elite Realty 465 S Fourth St, Lexington, KY (859) 209-5036
Listing date Jun 30, 2026
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two townhomes for a rental portfolio, with a mix of long‑term and month‑to‑month tenants
- Each unit offers 2 bedrooms and 1.5 bathrooms, plus a one‑car garage and an unfinished basement
- Recent exterior updates include new roof, new siding, new gutters, and new windows
- Heating includes natural gas and heat pump (heating); cooling is central air
- Tenants pay all utilities; cable is available
- Parking includes covered and open spaces
Overview
The duplex is located on the north side of Lake Mingo Park in Nicholasville, Kentucky. Public remarks also indicate walkability to jobs, shopping, parks, and Main Street. Floor plans are available upon request, and the seller notes a mix of long-term tenancy and month-to-month tenants.
For buyers seeking a two-unit residential income setup, this layout offers two similar-sized homes with practical accessory space in the form of garages and unfinished basements. Utility responsibility is placed with tenants, and the recent exterior upgrades may help reduce near-term maintenance needs. Please do not disturb tenants; contact the listing agent for access and to review the attached floor plans.
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 | $34.0k | $12.72 |
| − Vacancy | −$1.4k | −$0.53 |
| EGI | $32.5k | $12.19 |
| − OpEx | −$9.8k | −$3.66 |
| NOI | $22.8k | $8.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Nicholasville
- County
- Jessamine
- State
- Kentucky
- Longitude
- -84.565588
- Latitude
- 37.891047
