Micro-Unit Apartment
217 West 13th Street Newport, KY 41071
217 West 13th Street, Newport, KY, 41071
$897,750
For Sale
$897,750
Six micro-unit apartments feature in-unit laundry and full kitchens, with a basement for storage and street parking.
Property Size3,906 SF
Price / SF$229.84
Days on Market240
Property Features for 217 West 13th Street
General Information
- Standard status
- Active
- Size
- 3,906 SF
- Property subtype
- Multi Family / Apartment
Building Details
- Year Built
- 1900
Listing agency
Comey & Shepherd REALTORS
(859) 468-2544
Listed by
Rebecca Weber · License #202929
(859) 468-2544
Source
Compass
Added: Nov 24, 2025 Updated: Jul 21 at 8:17PM Checked: Jul 21 at 8:17PM
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 Comey & Shepherd REALTORS
Investment Insights
Based on property information with market context.
This 6-unit apartment building has been renovated into six micro-unit apartments. Each unit includes a well-equipped kitchen, in-unit laundry, a bathroom, and a good-sized bedroom. A basement provides storage, and parking is available on the street. The building is fully leased with all tenants on 12-month leases.
The property is located at 217 West 13th Street in Newport, KY. The seller notes this building may also be available as part of a larger package that includes 337 W 11th Street, 125 W 11th, and 423 Thornton. Please contact the agents for package details.
The property is located at 217 West 13th Street in Newport, KY. The seller notes this building may also be available as part of a larger package that includes 337 W 11th Street, 125 W 11th, and 423 Thornton. Please contact the agents for package details.
Key Highlights
- 6‑unit apartment building converted into six micro‑unit apartments, all fully leased with tenants on 12‑month leases
- Each micro‑unit includes a well‑equipped kitchen and in‑unit laundry, with a good‑sized bedroom
- Building features full basement for storage
Local Financial Insights For Apartment 5plus
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 | $64.7k | $16.56 |
| − Vacancy | −$5.7k | −$1.46 |
| EGI | $59.0k | $15.10 |
| − OpEx | −$26.5k | −$6.80 |
| NOI | $32.4k | $8.31 |
3,906 SF · lease $16.56/SF/yr · vacancy 8.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$463.5K
$405.6K – $540.8K
NOI $32,445 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$937.4K – $1.25M
NOI $74,995 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six micro-unit apartments feature in-unit laundry and full kitchens, with a basement for storage and street parking.
Where is this apartment building located?
The property is located at 217 West 13th Street Newport, KY.
What is the asking price?
The asking price for this property is $897,750.
What are key features of this property?
This property features: 6‑unit apartment building converted into six micro‑unit apartments, all fully leased with tenants on 12‑month leases; Each micro‑unit includes a well‑equipped kitchen and in‑unit laundry, with a good‑sized bedroom; Building features full basement for storage
