Two-Story
New
For Sale
$599,000
Pending
227 Fontaine Cir, Lexington, KY 40502
Both units offer a first-floor primary bedroom and full bath, with an additional bedroom and full bath upstairs.
Property Size2,848 SF
Days on Market7
Property Features for 227 Fontaine Cir
General Information
Standard status
Pending
Size
2,848 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Fontaine Neighborhood Association
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1973
Stories
2
Listing Agency:
Berkshire Hathaway de Movellan Properties
Listed By:
Melissa Chambers
(859) 321-6983
Source:
Centralkyhomesforsale
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 26 at 4:46PM
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 Berkshire Hathaway de Movellan Properties
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Investment Insights
Based on property information with market context.
This 2,848-square-foot duplex was built in 1973 and sits on a double lot in Lexington’s Chevy Chase neighborhood. Each side has a primary bedroom and full bathroom on the first floor, plus another bedroom and full bathroom on the second floor. The property has had one owner and has never been rented.
Key Highlights
- Two units, each with a first‑floor primary bedroom and full bath
- Each side also has a second‑floor bedroom and full bath
- 2,848 square feet on a double lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,661
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,220
$473.2K
Cap Rate 7%
$338,014
$338.0K
Cap Rate 9%
$262,900
$262.9K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$35.5K $12.48/SF
− Vacancy
−$1.7K −$0.61/SF
EGI
$33.8K $11.87/SF
− OpEx
−$10.1K −$3.56/SF
NOI
$23.7K $8.31/SF
Area
Lexington, KY
Vacancy
4.90%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,220
Cap Rate 7%
$338,014
Cap Rate 9%
$262,900
Alternative Uses
Best Use
Multifamily LT 5
$338.0K
$295.8K – $394.4K
NOI $23,661 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$306.6K
$268.3K – $357.7K
NOI $21,464 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$593.4K
$519.2K – $692.3K
NOI $41,536 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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Business Placement
Demographics for 40502, KY
26,080
Population
14,232
Households
1.8
Avg Household Size
40
Median Age
67%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,673
Density / Sq Mi
$73,939
Median Household Income
$46,197
Median Earnings
$1,068
Median Rent
$483,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both units offer a first-floor primary bedroom and full bath, with an additional bedroom and full bath upstairs.
Where is this duplex located?
The property is located at 227 Fontaine Cir Lexington, KY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two units, each with a first‑floor primary bedroom and full bath; Each side also has a second‑floor bedroom and full bath; 2,848 square feet on a double lot
