Listing Agency: Huff Realty - Ft. Mitchell j***@huff.com Show Phone

Listed By: Patrick Henschen · License #274534 Show Phone

Source: Exprealty

Added: Jun 26 Changed: Sep 15 Last Checked: Oct 12 at 11:35PM

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Investment Insights

Based on property information with market context.

This 1,848-square-foot duplex contains two residential units, each arranged across two stories with two bedrooms, one full bathroom, and a private basement. Separate utility services support distinct operation of the units, while both residences are described as move-in ready. The property also includes a yard and off-street parking.

Located at 3 Ryle Rd in Elsmere, Kentucky, the duplex is near shopping, dining, and major highways. Its two-unit configuration provides flexibility for an owner occupant or an investor seeking a multifamily property with separate utilities and individual basement space.

Key Highlights

• 1,848‑square‑foot duplex with two residential units
• Each unit has 2 bedrooms, 1 full bathroom, two stories, and a private basement
• Separate utilities serve the two units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,581

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$331,620 $331.6K

Cap Rate 7%

$236,871 $236.9K

Cap Rate 9%

$184,233 $184.2K

Market Conditions

NOI Build-Up for 1,848 SF

Gross rent

$25.5K $13.80/SF

− Vacancy

−$1.8K −$0.98/SF

EGI

$23.7K $12.82/SF

− OpEx

−$7.1K −$3.85/SF

NOI

$16.6K $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%

$331,620

Cap Rate 7%

$236,871

Cap Rate 9%

$184,233

Alternative Uses

Best Use

Multifamily LT 5

$236.9K

$207.3K – $276.4K (±1% cap)

NOI $16,581 @ 7.0% cap · market cap 6.03%

Second Best

Apartment 5plus

$211.1K

$184.7K – $246.3K (±1% cap)

NOI $14,779 @ 7.0% cap · market cap 5.37%

Theoretical Best

Office A

$477.1K

$417.4K – $556.6K (±1% cap)

NOI $33,395 @ 7.0% cap · market cap 12.14%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Law Firm Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

299

Businesses Nearby

Explore this area Business Placement

Demographics for 41018, KY

29,305

Population

11,926

Households

2.5

Avg Household Size

36

Median Age

28%

College-Educated

91%

High-School Grad

11.6 sq mi

ZIP Area

2,526

Density / Sq Mi

$70,267

Median Household Income

$40,537

Median Earnings

$1,044

Median Rent

$173,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two-story units feature separate utilities, private basements, and off-street parking.

Where is this duplex located?

The property is located at 3 Ryle Rd Elsmere, 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: 1,848‑square‑foot duplex with two residential units; Each unit has 2 bedrooms, 1 full bathroom, two stories, and a private basement; Separate utilities serve the two units