Two-Unit Duplex with Basement
For Sale
$389,000
Pending
3225 Mammoth Dr, Lexington, KY 40517
Each residence has two main-floor bedrooms and a full bath, with additional rooms and living areas below.
Property Size3,375 SF
Days on Market12
Property Features for 3225 Mammoth Dr
General Information
Standard status
Pending
Size
3,375 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Southeastern Hills Nghd
Additional Details
Multifamily Units
2
Building Details
Year Built
1976
Listing Agency:
Guide Realty, Inc.
Listed By:
Ivy Barksdale · License #215660
(859) 361-7395
Source:
Centralkyhomefinder
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 30 at 2:26PM
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 Guide Realty, Inc.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 3,375 square feet and was built in 1976. Both residences have two bedrooms and one full bathroom on the main level, with further living space and a family room downstairs. The right-side unit adds two basement bedrooms, a half bath and a utility room. The left-side unit has one basement bedroom, a half bath, a utility room and a one-car garage.
The property is near Man o' War Boulevard, Alumni Drive and New Circle Road. Restaurants and everyday services are within walking distance, while the University of Kentucky and Richmond Road's shopping and dining are a short drive away.
The property is near Man o' War Boulevard, Alumni Drive and New Circle Road. Restaurants and everyday services are within walking distance, while the University of Kentucky and Richmond Road's shopping and dining are a short drive away.
Key Highlights
- Two‑unit duplex with 3,375 square feet
- Built in 1976
- Both units have two main‑level bedrooms and one full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,795
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,900
$575.9K
Cap Rate 7%
$411,357
$411.4K
Cap Rate 9%
$319,944
$319.9K
Market Conditions
NOI Build-Up for 3,375 SF
Gross rent
$42.9K $12.72/SF
− Vacancy
−$1.8K −$0.53/SF
EGI
$41.1K $12.19/SF
− OpEx
−$12.3K −$3.66/SF
NOI
$28.8K $8.53/SF
Area
ZIP 40517
Vacancy
4.18%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,900
Cap Rate 7%
$411,357
Cap Rate 9%
$319,944
Alternative Uses
Best Use
Multifamily LT 5
$411.4K
$359.9K – $479.9K
NOI $28,795 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$368.1K
$322.1K – $429.5K
NOI $25,767 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$699.8K
$612.4K – $816.5K
NOI $48,989 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
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Business Placement
Demographics for 40517, KY
37,751
Population
18,306
Households
2.1
Avg Household Size
33
Median Age
41%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
6,089
Density / Sq Mi
$51,778
Median Household Income
$35,010
Median Earnings
$1,092
Median Rent
$196,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two main-floor bedrooms and a full bath, with additional rooms and living areas below.
Where is this duplex located?
The property is located at 3225 Mammoth Dr Lexington, KY.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,375 square feet; Built in 1976; Both units have two main‑level bedrooms and one full bath
