Historic Three-Unit Apartment
For Sale
$495,000
335 N 6th St, Paducah, KY 42001
A 19th-century property offers hardwood floors, tall ceilings, covered porches, and a garage.
Property Size5,490 SF
Price / SF$90.16
Days on Market16
Property Features for 335 N 6th St
General Information
Standard status
Active
Size
5,490 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Amenities
hardwood floors
tall ceilings
covered porches
screened in porch
garage
Building Details
Year Built
1857
Buildings
1
Listing Agency:
Elite Realty
Listed By:
Lisa Humphrey · License #276371
(270) 873-2586
Source:
Centralkentuckyhouses
Added: Sep 20
Changed: Oct 1
Last Checked: Oct 4 at 10:34AM
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 Elite Realty
Investment Insights
Based on property information with market context.
This 5,490-square-foot triplex, built in 1857, contains three apartments. The ground-floor residence has three bedrooms and two bathrooms; two upper-level apartments each have one bedroom and one bathroom. Hardwood floors and tall ceilings add period detail, with covered porches, a screened porch, and a garage completing the property.
The building is at 335 N 6th St in Paducah’s historic district.
The building is at 335 N 6th St in Paducah’s historic district.
Key Highlights
- Three apartments: one 3‑bedroom, 2‑bath unit and two 1‑bedroom, 1‑bath units
- 5,490‑square‑foot building constructed in 1857
- Hardwood flooring and tall ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,040
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,800
$900.8K
Cap Rate 7%
$643,429
$643.4K
Cap Rate 9%
$500,444
$500.4K
Market Conditions
NOI Build-Up for 5,490 SF
Gross rent
$89.6K $16.32/SF
− Vacancy
−$7.7K −$1.40/SF
EGI
$81.9K $14.92/SF
− OpEx
−$36.9K −$6.71/SF
NOI
$45.0K $8.20/SF
Area
McCracken County, KY
Vacancy
8.60%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,800
Cap Rate 7%
$643,429
Cap Rate 9%
$500,444
Alternative Uses
Best Use
Multifamily LT 5
$707.8K
$619.4K – $825.8K
NOI $49,548 @ 7.0% cap · market cap 10.01%
Second Best
Apartment 5plus
$643.4K
$563.0K – $750.7K
NOI $45,040 @ 7.0% cap · market cap 9.10%
Theoretical Best
Warehouse
$1.14M
$1.00M – $1.33M
NOI $80,072 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,316
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - A 19th-century property offers hardwood floors, tall ceilings, covered porches, and a garage.
Where is this triplex located?
The property is located at 335 N 6th St Paducah, KY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three apartments: one 3‑bedroom, 2‑bath unit and two 1‑bedroom, 1‑bath units; 5,490‑square‑foot building constructed in 1857; Hardwood flooring and tall ceilings
