Four-Unit Brick
For Sale
$459,000
Pending
2300 Hovekamp Road, Paducah, KY 42003
Residential Income, Paducah, KY
Property Size2,778 SF
Lot Size0.42 Acres
Days on Market49
Property Features for 2300 Hovekamp Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Laundry Room, Bedroom 1
Elementary school
Reidland
Middle school
Reidland
High school
McCracken Co
Elementary school district
McCracken - 119
Middle school district
McCracken - 119
High school district
McCracken - 119
Directions
Take Exit 11 from I-24 West and turn right onto John Puryear Drive toward Paducah. Turn left onto Husbands Road (KY-2187). Drive 2.2 miles. Turn right onto Hovekamp Road. 2300 Hovekamp Road on right.
Subdivision
119 - McCracken County
Standard status
Pending
Size
2,778 SF
Lot size
0.42 Acres
Additional Details
Tenant in Place
Yes
Utilities
Cooling system
Multi Units
Building Details
Year built
2026
Floors in Building
1
Number of units
4
Listing Agency:
HRE Advisors
(270) 705-5355
Listed By:
Kelly Hack · License #275758
(270) 331-4038
Added: Sep 19
Changed: Oct 31
Last Checked: Nov 6 at 2:06PM
MLS# 26025945
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.
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Investment Insights
Based on property information with market context.
This four-unit quadplex offers 2,778 square feet across a 0.42-acre parcel. The all-brick exterior and paved asphalt parking area serve four one-bedroom, one-bathroom apartments. Interior finishes include polished concrete floors, recessed lighting, white shaker cabinets, granite counters, and stainless steel appliances. Each unit has a zoned ductless mini-split HVAC system. Bathrooms feature tiled showers and vessel sinks.
The property is under construction at 2300 Hovekamp Road in Paducah, Kentucky.
The property is under construction at 2300 Hovekamp Road in Paducah, Kentucky.
Key Highlights
- Four apartments, each with 1 bedroom and 1 bathroom
- 2,778‑square‑foot building on a 0.42‑acre parcel
- Brick exterior and paved asphalt parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,072
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,440
$501.4K
Cap Rate 7%
$358,171
$358.2K
Cap Rate 9%
$278,578
$278.6K
Market Conditions
NOI Build-Up for 2,778 SF
Gross rent
$39.0K $14.04/SF
− Vacancy
−$3.2K −$1.15/SF
EGI
$35.8K $12.89/SF
− OpEx
−$10.7K −$3.87/SF
NOI
$25.1K $9.03/SF
Area
McCracken County, KY
Vacancy
8.17%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,440
Cap Rate 7%
$358,171
Cap Rate 9%
$278,578
Alternative Uses
Best Use
Multifamily LT 5
$358.2K
$313.4K – $417.9K
NOI $25,072 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$325.6K
$284.9K – $379.9K
NOI $22,791 @ 7.0% cap · market cap 4.97%
Theoretical Best
Warehouse
$578.8K
$506.5K – $675.3K
NOI $40,517 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
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Business Placement
Demographics for 42003, KY
28,592
Population
14,132
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
414
Density / Sq Mi
$54,052
Median Household Income
$33,566
Median Earnings
$696
Median Rent
$160,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom apartments feature individual ductless HVAC systems and kitchens equipped with stainless steel appliances.
Where is this quadplex located?
The property is located at 2300 Hovekamp Road Paducah, KY.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Four apartments, each with 1 bedroom and 1 bathroom; 2,778‑square‑foot building on a 0.42‑acre parcel; Brick exterior and paved asphalt parking area
