Brick Duplex with Updated
For Sale
$299,000
202-202 1/2 Pocahontas Trl, Georgetown, KY 40324
Two residential units offer hardwood floors, updated windows, attached storage, and a generously sized yard.
Property Size1,828 SF
Price / SF$163.57
Days on Market9
Property Features for 202-202 1/2 Pocahontas Trl
General Information
Standard status
Active
Size
1,828 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
hardwood floors
updated windows
updated kitchen
newer roof
attached storage room
yard
Building Details
Year Built
1979
Buildings
1
Construction
brick
Listing Agency:
Threshold Real Estate Services
(859) 494-7954
Listed By:
Amy Boone
(859) 494-7954
Source:
Sweethomeky
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 10:19AM
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 Threshold Real Estate Services
Investment Insights
Based on property information with market context.
This 1828 SF duplex, built in 1979, presents two residential units within an all-brick structure. Both sides include hardwood flooring, updated windows, and refreshed kitchens. Each unit also has a private attached storage room, adding practical space for household items, tools, or equipment.
The property includes a generously sized yard suited to outdoor use and recreation. Its established Georgetown subdivision setting, durable brick construction, and recent improvements support flexible occupancy options, including living in one unit while renting the other or leasing both sides.
The property includes a generously sized yard suited to outdoor use and recreation. Its established Georgetown subdivision setting, durable brick construction, and recent improvements support flexible occupancy options, including living in one unit while renting the other or leasing both sides.
Key Highlights
- 1828 SF duplex with two residential units
- All‑brick construction with a newer roof
- Hardwood floors and updated windows in each unit
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
$15,596
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
5.22%
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%
$311,920
$311.9K
Cap Rate 7%
$222,800
$222.8K
Cap Rate 9%
$173,289
$173.3K
Market Conditions
NOI Build-Up for 1,828 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
$23.3K $12.72/SF
− Vacancy
−$972 −$0.53/SF
EGI
$22.3K $12.19/SF
− OpEx
−$6.7K −$3.66/SF
NOI
$15.6K $8.53/SF
Area
Scott County, KY
Vacancy
4.18%
Lease Rate
$12.72 /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%
$311,920
Cap Rate 7%
$222,800
Cap Rate 9%
$173,289
Alternative Uses
Best Use
Multifamily LT 5
$222.8K
$195.0K – $259.9K
NOI $15,596 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$199.4K
$174.5K – $232.6K
NOI $13,956 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$463.3K
$405.4K – $540.5K
NOI $32,430 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 40324, KY
51,035
Population
20,570
Households
2.5
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
155.1 sq mi
ZIP Area
329
Density / Sq Mi
$83,012
Median Household Income
$47,619
Median Earnings
$1,188
Median Rent
$262,700
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 - Two residential units offer hardwood floors, updated windows, attached storage, and a generously sized yard.
Where is this duplex located?
The property is located at 202-202 1/2 Pocahontas Trl Georgetown, KY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1828 SF duplex with two residential units; All‑brick construction with a newer roof; Hardwood floors and updated windows in each unit
