Building Details

Buildings 1

Construction brick

Listing Agency: exp Realty, LLC m***@atozteam.com Show Phone

Listed By: Kamryn Hamilton Show Phone

Source: Exprealty

Added: Oct 22 Changed: Oct 25 Last Checked: Oct 28 at 9:27AM

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Investment Insights

Based on property information with market context.

This 1,426-square-foot, all-brick duplex contains two distinct units with a combined total of 3 bedrooms and 2 full bathrooms. One unit has 2 bedrooms and 1 full bathroom; the other includes 1 bedroom and 1 full bathroom. The property is being sold AS-IS.

Off-street driveway parking serves the property, and both units share a fenced backyard. Located at 2466 Cherry St in Crescent Springs, Kentucky.

Key Highlights

• Two‑unit duplex with 3 bedrooms and 2 full bathrooms total
• Unit 1: 2 bedrooms and 1 full bathroom; Unit 2: 1 bedroom and 1 full bathroom
• 1,426 square feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,794

Cap Rate

6.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$255,880 $255.9K

Cap Rate 7%

$182,771 $182.8K

Cap Rate 9%

$142,156 $142.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,426 SF

Gross rent

$19.7K $13.80/SF

− Vacancy

−$1.4K −$0.98/SF

EGI

$18.3K $12.82/SF

− OpEx

−$5.5K −$3.85/SF

NOI

$12.8K $8.97/SF

Area

Kenton County, KY

Vacancy

7.12%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$255,880

Cap Rate 7%

$182,771

Cap Rate 9%

$142,156

Alternative Uses

Best Use

Multifamily LT 5

$182.8K

$159.9K – $213.2K (±1% cap)

NOI $12,794 @ 7.0% cap · market cap 6.24%

Second Best

Apartment 5plus

$162.9K

$142.6K – $190.1K (±1% cap)

NOI $11,405 @ 7.0% cap · market cap 5.57%

Theoretical Best

Office A

$368.1K

$322.1K – $429.5K (±1% cap)

NOI $25,769 @ 7.0% cap · market cap 12.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

736

Businesses Nearby

Explore this area Business Placement

Demographics for 41017, KY

40,333

Population

16,569

Households

2.4

Avg Household Size

40

Median Age

48%

College-Educated

97%

High-School Grad

21.2 sq mi

ZIP Area

1,903

Density / Sq Mi

$100,645

Median Household Income

$51,808

Median Earnings

$985

Median Rent

$278,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two separate residences provide a two-bedroom unit and a one-bedroom unit, each with a full bathroom.

Where is this duplex located?

The property is located at 2466 Cherry St Crescent Springs, KY.

What is the asking price?

The asking price for this property is $204,900.

What are key features of this property?

This property features: Two‑unit duplex with 3 bedrooms and 2 full bathrooms total; Unit 1: 2 bedrooms and 1 full bathroom; Unit 2: 1 bedroom and 1 full bathroom; 1,426 square feet