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    Leased Duplex with Two 2-Bed Units Title is generated by Realmo AI

    212 Clark Avenue, Franklin, KY 42134

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    Claim this Listing
    Pending
    $250,000

    MULTI_FAMILY - Franklin, KY

    Lot size:
    0.28 Acres
    Added:
    Jan 13, 2026
    Days on Market:
    142
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 212 Clark Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2
    Parking
    2
    Parking features
    Garage
    Patio and Porch features
    Patio
    Exterior features
    Concrete Walks, Patio
    Standard status
    Pending
    Lot size
    0.28 Acres

    Building Details

    Year built
    1977
    Number of units
    2
    Roof type
    Shingle

    We can help!

    Listing Contact
    Debbie Johnson
    Debbie Johnson

    Listing agent Debbie Johnson License #190843

    Listing office Keller Williams First Choice R 1550 Westen St., Bowling Green, KY

    Listing date Jan 13, 2026

    MLS# RA20260342 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. 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‑unit duplex at 212 Clark Street in Franklin, KY; both units are 2 bed and 1.5 bath
    • Both sides currently leased—combined $1,600/month total rent ($800 per unit)
    • Side A is on a month‑to‑month lease, offering flexibility for future rent changes or owner occupancy
    • Side B has a lease in place and was updated earlier this year
    • Garage parking plus concrete walks and a patio
    • Built in 1977 with a shingle roof

    Overview

    This duplex in Franklin, Kentucky contains two separate units, each with two bedrooms and 1.5 bathrooms. Both sides are currently leased, supporting an owner who wants rental income from the property immediately. Side A is on a month-to-month lease, while Side B is secured by a lease in place and was updated earlier this year. As presented, each unit is generating $800 per month, for a combined $1,600 in monthly rent.

    The property is located at 212 Clark Avenue in Franklin, within Simpson County. The listing notes convenient access to Bowling Green by short drive and an approximate 45-minute commute to Nashville, which may appeal to tenants seeking access to nearby employment centers.

    For investors or owner-occupants, the current layout offers flexibility: you can continue operating as a duplex investment with both units leased, or potentially live in one side while maintaining income from the other. The mix of a month-to-month arrangement on Side A and a fixed lease on Side B can be useful for buyers who value control over future leasing decisions while keeping the property producing income today.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Franklin
    County
    Simpson
    State
    Kentucky
    Longitude
    -86.5756217
    Latitude
    36.7454341

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    FAQs

    What type of property is this?
    Duplex - Two 2-bedroom, 1.5-bath units are both occupied, with one side on a month-to-month lease.
    Where is this duplex located?
    The property is located at 212 Clark Avenue Franklin, KY.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Two‑unit duplex at 212 Clark Street in Franklin, KY; both units are 2 bed and 1.5 bath; Both sides currently leased—combined $1,600/month total rent ($800 per unit); Side A is on a month‑to‑month lease, offering flexibility for future rent changes or owner occupancy
    (270) 776-0225
    We can help!
    Listing Contact
    Debbie Johnson
    Debbie Johnson
    Real Estate License ID: 190843
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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