3088 Cane Ridge Road, Paris, KY 40361
- Added:
- May 18, 2026
- Days on Market:
- 48
- Last Refresh:
- Jul 4 at 11:06 pm
Property Features for 3088 Cane Ridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1
- Bedrooms
- 4
- Bathrooms
- 1
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1
- Standard status
- Active
- APN
- 065-60-02-033.00
- Size
- 2,268 SF
- Lot size
- 0.84 Acres
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Metal
Listing agent Chad S. Nichols License #267732 (859) 621-3274
Listing office Nichols Real Estate 1856 S Main St, Paris, KY (859) 707-2755
Listing date May 18, 2026
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.
HighLights
- Duplex with 2 bedrooms and 1 bathroom in each unit
- Currently rented for $1,000 per side
- Updates include new roof, new rear deck, and new HVAC installed in both units
- Metal roof and heat pump heating/cooling
- Part of a 10‑property portfolio; available as a package or individually
- Parcel at 3088 Cane ridge rd includes parcel to the right (065‑60‑02‑032.00) that could serve as a parking lot for the duplex
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $12.72 |
| − Vacancy | −$1.2k | −$0.53 |
| EGI | $27.6k | $12.19 |
| − OpEx | −$8.3k | −$3.66 |
| NOI | $19.4k | $8.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Paris
- County
- Bourbon
- State
- Kentucky
- Longitude
- -84.050014
- Latitude
- 38.191306
