Two-Unit Townhome
New
For Sale
$339,800
2540 Lindenhurst Loop, Lexington, KY 40509
Each residence has two bedrooms, one full bath, and an additional half bath, with both homes currently occupied.
Property Size2,000 SF
Price / SF$169.90
Days on Market3
Property Features for 2540 Lindenhurst Loop
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1995
Buildings
2
Tenancy
Multi
Listing Agency:
Century 21 Advantage Realty
Listed By:
Amy Boone · License #212432
(859) 494-7954
Source:
Sweethomeky
Added: Oct 7
Changed: Oct 9
Last Checked: Oct 7 at 10:06AM
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 Century 21 Advantage Realty
Investment Insights
Based on property information with market context.
This duplex offering combines two adjoining townhomes, each with approximately 1,000 square feet, two bedrooms, and one full bath plus a half bath. The homes are separately deeded and were built in 1995. Both are tenant-occupied, and the combined property size is 2,000 square feet.
The property is near Richmond Road, Hamburg, Man O' War Boulevard, and I-75, with shopping, dining, and employment centers accessible in the surrounding area.
The property is near Richmond Road, Hamburg, Man O' War Boulevard, and I-75, with shopping, dining, and employment centers accessible in the surrounding area.
Key Highlights
- Two adjoining, separately deeded townhomes offered together
- Approximately 1,000 square feet per residence; 2,000 square feet combined
- Each home has 2 bedrooms and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,658
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,160
$333.2K
Cap Rate 7%
$237,971
$238.0K
Cap Rate 9%
$185,089
$185.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$25.0K $12.48/SF
− Vacancy
−$1.2K −$0.58/SF
EGI
$23.8K $11.90/SF
− OpEx
−$7.1K −$3.57/SF
NOI
$16.7K $8.33/SF
Area
ZIP 40509
Vacancy
4.66%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,160
Cap Rate 7%
$237,971
Cap Rate 9%
$185,089
Alternative Uses
Best Use
Multifamily LT 5
$238.0K
$208.2K – $277.6K
NOI $16,658 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$211.6K
$185.2K – $246.9K
NOI $14,813 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$416.7K
$364.6K – $486.2K
NOI $29,169 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one full bath, and an additional half bath, with both homes currently occupied.
Where is this duplex located?
The property is located at 2540 Lindenhurst Loop Lexington, KY.
What is the asking price?
The asking price for this property is $339,800.
What are key features of this property?
This property features: Two adjoining, separately deeded townhomes offered together; Approximately 1,000 square feet per residence; 2,000 square feet combined; Each home has 2 bedrooms and 1.5 baths
