Duplex with In-Unit
For Sale
$259,900
318-320 Lafayette Avenue #318, Bellevue, KY 41073
Two side-by-side residences offer separate tenant-paid utilities and individual laundry.
Property Size1,167 SF
Days on Market44
Property Features for 318-320 Lafayette Avenue #318
General Information
Standard status
Active
Size
1,167 SF
Property subtype
Multi Family Home
Building Details
Building Size
1,167 SF
Buildings
1
Units
2
Listing Agency:
RE/MAX Victory + Affiliates
(859) 372-6000
Listed By:
Brian Drapp · License #222211
(859) 372-6000
Source:
Bushrealty
Added: Jul 20
Changed: Aug 31
Last Checked: Aug 31 at 12:47PM
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 RE/MAX Victory + Affiliates
Investment Insights
Based on property information with market context.
This duplex contains two side-by-side residences with matching layouts, each offering three bedrooms, one and a half bathrooms, and in-unit laundry. The property is professionally managed and described as well maintained, with separate utilities paid by tenants.
The left residence is vacant and has received recent cosmetic updates. The right residence is occupied under a month-to-month lease and requires cosmetic updating. Located at 318-320 Lafayette Avenue in Bellevue, Kentucky, the property provides a two-unit configuration suited to an owner-occupant or an investor seeking a residential income asset.
The left residence is vacant and has received recent cosmetic updates. The right residence is occupied under a month-to-month lease and requires cosmetic updating. Located at 318-320 Lafayette Avenue in Bellevue, Kentucky, the property provides a two-unit configuration suited to an owner-occupant or an investor seeking a residential income asset.
Key Highlights
- Two side‑by‑side duplex units with matching layouts
- Each unit includes 3 bedrooms and 1.5 bathrooms
- In‑unit laundry in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,510
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$210,200
$210.2K
Cap Rate 7%
$150,143
$150.1K
Cap Rate 9%
$116,778
$116.8K
Market Conditions
NOI Build-Up for 1,167 SF
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.
Gross rent
$16.4K $14.04/SF
− Vacancy
−$1.4K −$1.17/SF
EGI
$15.0K $12.87/SF
− OpEx
−$4.5K −$3.86/SF
NOI
$10.5K $9.01/SF
Area
Campbell County, KY
Vacancy
8.36%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$210,200
Cap Rate 7%
$150,143
Cap Rate 9%
$116,778
Alternative Uses
Best Use
Multifamily LT 5
$150.1K
$131.4K – $175.2K
NOI $10,510 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$138.5K
$121.2K – $161.6K
NOI $9,694 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$320.1K
$280.1K – $373.4K
NOI $22,406 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 41073, KY
5,548
Population
2,915
Households
1.9
Avg Household Size
39
Median Age
43%
College-Educated
95%
High-School Grad
0.9 sq mi
ZIP Area
6,164
Density / Sq Mi
$67,143
Median Household Income
$48,250
Median Earnings
$1,124
Median Rent
$186,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side residences offer separate tenant-paid utilities and individual laundry.
Where is this duplex located?
The property is located at 318-320 Lafayette Avenue #318 Bellevue, KY.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two side‑by‑side duplex units with matching layouts; Each unit includes 3 bedrooms and 1.5 bathrooms; In‑unit laundry in both residences
