Triplex with Pool and Hot
For Sale
$799,000
333 N 9th Street, Paducah, KY 42001
Residential Income, Paducah, KY
Property Size4,706 SF
Lot Size0.24 Acres
Price / SF$169.78
Days on Market188
Property Features for 333 N 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
H-2
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Elementary school
McNabb
Middle school
Paducah Middle
High school
Paducah Tilghman
Elementary school district
McCracken - 119
Middle school district
McCracken - 119
High school district
McCracken - 119
Directions
From I-24W take exit 7. Turn right on Lone Oak Rd and continue until Broadway. Turn right on Broadway and then turn left on N 9th St. The property is on your left.
Subdivision
119 - McCracken County
Standard status
Active
APN
112-11-08-003
Size
4,706 SF
Lot size
0.24 Acres
Utilities
Utilities
Cable Available
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
swimming pool
hot tub
Building Details
Year built
2008
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 624-6448
Listed By:
Nicholas Gillespie
(270) 559-7000
Added: Feb 14
Changed: Aug 21
Last Checked: Aug 21 at 9:06PM
MLS# 26017855
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.
Investment Insights
Based on property information with market context.
Built in 2008, this 4,706-square-foot triplex includes multiple residential configurations and a separate first-floor office or retail area. The lower level contains a one-bedroom, one-bath apartment alongside the commercial-use space. The second floor is arranged as a three-bedroom, two-bath short-term rental with a gourmet kitchen and sleeping capacity for 8 guests. Heating is provided by forced air and natural gas, with central air conditioning and a composition roof.
Outdoor improvements include a swimming pool and hot tub installed in 2024. The property occupies a 0.2399-acre corner lot with on-site parking and additional street parking. H-2 zoning, cable availability, and the Paducah, KY location further define the property.
Outdoor improvements include a swimming pool and hot tub installed in 2024. The property occupies a 0.2399-acre corner lot with on-site parking and additional street parking. H-2 zoning, cable availability, and the Paducah, KY location further define the property.
Key Highlights
- 4,706‑square‑foot triplex built in 2008
- First floor includes a 1‑bedroom, 1‑bath apartment and separate office or retail area
- Second‑floor short‑term rental has 3 bedrooms, 2 baths, and sleeps 8 guests
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
$51,449
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
6.44%
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%
$1,028,980
$1.0M
Cap Rate 7%
$734,986
$735.0K
Cap Rate 9%
$571,656
$571.7K
Market Conditions
NOI Build-Up for 4,706 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
$77.4K $16.44/SF
− Vacancy
−$3.9K −$0.82/SF
EGI
$73.5K $15.62/SF
− OpEx
−$22.0K −$4.69/SF
NOI
$51.4K $10.93/SF
Area
McCracken County, KY
Vacancy
5.00%
Lease Rate
$16.44 /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%
$1,028,980
Cap Rate 7%
$734,986
Cap Rate 9%
$571,656
Alternative Uses
Best Use
Retail
$735.0K
$643.1K – $857.5K
NOI $51,449 @ 7.0% cap · market cap 6.44%
Second Best
Mixed Use
$713.0K
$623.9K – $831.9K
NOI $49,911 @ 7.0% cap · market cap 6.25%
Theoretical Best
Warehouse
$980.5K
$858.0K – $1.14M
NOI $68,637 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 42001, KY
31,579
Population
14,815
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
94%
High-School Grad
74.2 sq mi
ZIP Area
426
Density / Sq Mi
$68,868
Median Household Income
$42,334
Median Earnings
$916
Median Rent
$210,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Corner-lot property combines residential accommodations with a separate office or retail area and on-site parking.
Where is this triplex located?
The property is located at 333 N 9th Street Paducah, KY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4,706‑square‑foot triplex built in 2008; First floor includes a 1‑bedroom, 1‑bath apartment and separate office or retail area; Second‑floor short‑term rental has 3 bedrooms, 2 baths, and sleeps 8 guests
