Duplex Townhome Units with One-Car
New
For Sale
$365,000
170-172 Heritage Drive, Nicholasville, KY 40356
MULTI_FAMILY - Nicholasville, KY
Property Size2,670 SF
Lot Size0.13 Acres
Price / SF$136.70
Days on Market4
Property Features for 170-172 Heritage Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Zoning description
Residential multi family
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3, Laundry Room, Bedroom 2
Parking
4
Parking features
Open, Covered
Subdivision
Orchard
Elementary school
Red Oak
Middle school
East Jessamine Middle School
High school
East Jess HS
Elementary school district
Jessamine County - 9
Middle school district
Jessamine County - 9
High school district
Jessamine County - 9
Directions
Main Street to Strawberry to Heritage. 166-168 will be on the left
Standard status
Active
APN
057-40-12-048.00
Size
2,670 SF
Lot size
0.13 Acres
Utilities
Utilities
Cable Available
Heating system
Heat Pump (Heating), Natural Gas
Cooling system
Central Air
Building Details
Year built
1988
Floors in Building
3
Number of units
2
Roof type
Shingle
Listing Agency:
RE/MAX Elite Realty · RE/MAX International
(859) 209-5036
Listed By:
Terra Jeffries
(859) 312-0058
Added: Jul 29
Changed: Jul 31
Last Checked: Aug 1 at 9:06AM
MLS# 26020566
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.
Investment Insights
Based on property information with market context.
This duplex property includes two occupied townhome units with matching layouts, each offering two bedrooms and 1.5 bathrooms. Each unit includes a one-car garage and an unfinished basement. The property was built in 1988 and totals 2,670 square feet on a 0.1286-acre lot. Recent improvements include a new roof, new siding, new gutters, and new windows. Heating is provided by heat pump and natural gas, with central air for cooling. Parking is available as open and covered spaces, and tenants pay all utilities.
Located on the north side of recently upgraded Lake Mingo Park, the property is positioned within a walkable area for jobs, shopping, parks, and Main Street. Floor plans are available, and tenants should not be disturbed.
Zoned R-2, this setup can fit tenant-occupied living while also supporting a second rental unit within the same duplex structure.
Located on the north side of recently upgraded Lake Mingo Park, the property is positioned within a walkable area for jobs, shopping, parks, and Main Street. Floor plans are available, and tenants should not be disturbed.
Zoned R-2, this setup can fit tenant-occupied living while also supporting a second rental unit within the same duplex structure.
Key Highlights
- Two occupied townhome units
- Each unit offers two bedrooms, 1.5 bathrooms, one‑car garage, and an unfinished basement
- New roof, new siding, new gutters, and new windows
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 |
2,670 SF · lease $12.72/SF/yr · vacancy 4.18% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.4K
$284.8K – $379.7K
NOI $22,780 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$291.2K
$254.8K – $339.7K
NOI $20,384 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$676.7K
$592.1K – $789.5K
NOI $47,368 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
Explore this area
Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R-2 zoned duplex townhomes featuring two occupied units, each with two bedrooms, 1.5 baths, one-car garage, and central air.
Where is this duplex located?
The property is located at 170-172 Heritage Drive Nicholasville, KY.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two occupied townhome units; Each unit offers two bedrooms, 1.5 bathrooms, one‑car garage, and an unfinished basement; New roof, new siding, new gutters, and new windows
