Duplex with Expanded Basement
New
For Sale
$389,000
3225 Mammoth Drive, Lexington, KY 40517
Residential Income, Lexington, KY
Property Size3,375 SF
Lot Size0.33 Acres
Price / SF$115.26
Days on Market3
Property Features for 3225 Mammoth Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-2
Zoning description
Two Family Residential
Bedrooms
7
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 7, Bedroom 5, Bathroom 3, Bedroom 3, Bathroom 2
Subdivision
Park Hills
Elementary school
Julius Marks
Middle school
Morton
High school
Henry Clay
Elementary school district
Fayette County - 1
Middle school district
Fayette County - 1
High school district
Fayette County - 1
Directions
Man-O-War to Pimlico Parkway left on Mammoth Drive. Duplex is on the left. OR Alumni to Yellowstone Parkway, left onto Pimlico, right onto Mammoth Drive. Duplex is on the right.
Standard status
Active
APN
11887707
Size
3,375 SF
Lot size
0.33 Acres
Utilities
Heating system
Baseboard, Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
1976
Listing Agency:
Guide Realty, Inc.
(859) 263-0305
Listed By:
Ivy Barksdale
(859) 361-7395
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 22 at 11:06AM
MLS# 26029047
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.
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Investment Insights
Based on property information with market context.
This R-2 duplex contains 3,375 square feet across two residences, each with two bedrooms and a full bathroom on the main floor. The lower levels add flexible living area: one has two bedrooms, a half bath, a family room and utility room; the other has one bedroom, a half bath, a family room, utility room and a one-car garage. The property was built in 1976 and has heat-pump heating and cooling, with baseboard heat also present.
The 0.331-acre parcel 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 the Richmond Road retail and dining area are a short drive away.
The 0.331-acre parcel 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 the Richmond Road retail and dining area are a short drive away.
Key Highlights
- 3,375‑square‑foot duplex on a 0.331‑acre parcel
- Both units have two main‑level bedrooms and a full bath
- One basement includes two bedrooms, a half bath, family room and utility room
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
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two main-level bedrooms, with additional finished living areas below grade.
Where is this duplex located?
The property is located at 3225 Mammoth Drive 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: 3,375‑square‑foot duplex on a 0.331‑acre parcel; Both units have two main‑level bedrooms and a full bath; One basement includes two bedrooms, a half bath, family room and utility room
