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    Versailles Duplex: Investor Opportunity Title is generated by Realmo AI

    228 Blackhawk Circle, Versailles, KY 40383

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    Claim this Listing
    Pending
    $275,000

    MULTI_FAMILY - Versailles, KY

    Property size:
    1,872 SF
    Lot size:
    0.23 Acres
    Added:
    May 11, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 26 at 10:06 pm

    Property Features for 228 Blackhawk Circle

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Laundry Room, Bedroom 4, Bathroom 3, Bathroom 2
    Parking
    5
    Standard status
    Pending
    APN
    19-9001-021-00
    Size
    1,872 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Electric, Heat Pump

    Building Details

    Year built
    1993
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle

    We can help!

    Contact an agent
    Daniel Ritchie

    Listing agent Daniel Ritchie

    Listing office Keller Williams Commonwealth 1908 Bryant Rd Suite 250, Lexington, KY

    Listing date May 11, 2026

    MLS# 26010491 Listing URL

    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.

    HighLights

    • Side‑by‑side duplex in the Blackhawk Circle area of Versailles, with two private entrances for each unit
    • Year built 1993 with shingle roof
    • Side B was recently vacated and has been renovated; includes a long‑term tenant for immediate rental income
    • Heating: electric and heat pump; cooling: electric and heat pump
    • Off‑street parking available and low‑maintenance exterior

    Overview

    This duplex is located in the Blackhawk Circle area of Versailles, Kentucky. The property features two side-by-side units with functional layouts. Each unit includes a living area, kitchen space, and private entrances. Off-street parking is available. The property has a low-maintenance exterior. One unit is recently vacated, presenting an opportunity for updates to optimize rental value. The other unit has been renovated and has a long-term tenant. The location is near downtown Versailles, local shops, dining, schools, and major commuter routes. The property is suitable for investors or owner-occupants. The lot size is 0.2317 acres and the property size is 1872 square feet.

    Local 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 $23.8k $12.72
    − Vacancy −$995 −$0.53
    EGI $22.8k $12.19
    − OpEx −$6.8k −$3.66
    NOI $16.0k $8.53
    1,872 SF · lease $12.72/SF/yr · vacancy 4.18% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $228.2K
    $199.7K – $266.2K (±1% cap)
    NOI $15,972 @ 7.0% cap · market cap 5.81%
    Second Best
    Apartment 5plus
    $204.2K
    $178.7K – $238.2K (±1% cap)
    NOI $14,292 @ 7.0% cap · market cap 5.20%
    Theoretical Best
    Office A
    $474.4K
    $415.1K – $553.5K (±1% cap)
    NOI $33,211 @ 7.0% cap · market cap 12.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Versailles
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.745113
    Latitude
    38.04511

    FAQs

    What type of property is this?
    Duplex - Well-kept duplex in Versailles with strong rental appeal.
    Where is this duplex located?
    The property is located at 228 Blackhawk Circle Versailles, KY.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Side‑by‑side duplex in the Blackhawk Circle area of Versailles, with two private entrances for each unit; Year built 1993 with shingle roof; Side B was recently vacated and has been renovated; includes a long‑term tenant for immediate rental income
    More about this property
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