Updated Two-Unit
For Sale
$199,900
29 N Main St, Walton, KY 41094
Two residential units feature separate central HVAC systems and hot water heaters.
Property Size1,894 SF
Price / SF$105.54
Days on Market54
Property Features for 29 N Main St
General Information
Standard status
Active
Size
1,894 SF
Property subtype
Multi-Family
Listing Agency:
Coldwell Banker Heritage
Listed By:
Brian Thomas
(513) 503-9763
Source:
Finn-team
Added: Aug 14
Changed: Sep 5
Last Checked: Oct 5 at 9:05PM
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 Coldwell Banker Heritage
Investment Insights
Based on property information with market context.
This 1,894-square-foot duplex contains two updated residential units with separate central HVAC systems and individual hot water heaters. Recent property improvements include a newer roof installed in 2024 and newer flooring throughout the units. The layout includes one two-bedroom, one-bath unit and one one-bedroom, one-bath unit.
The property is located at 29 N Main St in Walton, Kentucky, within Boone County. Its setting places it among businesses and government buildings in the community. Unit 1 is occupied under a month-to-month lease, while Unit 2 is leased through 05/06/27.
The property is located at 29 N Main St in Walton, Kentucky, within Boone County. Its setting places it among businesses and government buildings in the community. Unit 1 is occupied under a month-to-month lease, while Unit 2 is leased through 05/06/27.
Key Highlights
- 1,894‑square‑foot duplex with two residential units
- Unit 1 offers 2 beds and 1 bath with a month‑to‑month lease
- Unit 2 offers 1 bed and 1 bath with a lease through 05/06/27
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,287
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,740
$305.7K
Cap Rate 7%
$218,386
$218.4K
Cap Rate 9%
$169,856
$169.9K
Market Conditions
NOI Build-Up for 1,894 SF
Gross rent
$23.2K $12.24/SF
− Vacancy
−$1.3K −$0.71/SF
EGI
$21.8K $11.53/SF
− OpEx
−$6.6K −$3.46/SF
NOI
$15.3K $8.07/SF
Area
Boone County, KY
Vacancy
5.80%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,740
Cap Rate 7%
$218,386
Cap Rate 9%
$169,856
Alternative Uses
Best Use
Multifamily LT 5
$218.4K
$191.1K – $254.8K
NOI $15,287 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$200.4K
$175.3K – $233.8K
NOI $14,025 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$522.1K
$456.8K – $609.1K
NOI $36,547 @ 7.0% cap · market cap 18.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 41094, KY
14,480
Population
5,204
Households
2.8
Avg Household Size
35
Median Age
31%
College-Educated
93%
High-School Grad
42.1 sq mi
ZIP Area
344
Density / Sq Mi
$91,678
Median Household Income
$46,691
Median Earnings
$1,133
Median Rent
$264,500
Median Home Value
Check the figures for this property
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 - Two residential units feature separate central HVAC systems and hot water heaters.
Where is this duplex located?
The property is located at 29 N Main St Walton, KY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,894‑square‑foot duplex with two residential units; Unit 1 offers 2 beds and 1 bath with a month‑to‑month lease; Unit 2 offers 1 bed and 1 bath with a lease through 05/06/27
