Historic Triplex with
New
For Sale
$495,000
335 N 6th Street, Paducah, KY 42001
Residential Income, Paducah, KY
Property Size5,490 SF
Lot Size0.21 Acres
Price / SF$90.16
Days on Market3
Property Features for 335 N 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
H-2
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 1, Laundry Room, Bathroom 3, Bathroom 1, Bedroom 3
Parking features
On Street, Covered
Elementary school
McNabb
Middle school
Paducah
High school
Paducah Tilghman
Elementary school district
Paducah Independent
Middle school district
Paducah Independent
High school district
Paducah Independent
Directions
I24 exit 11 follow John Puryear Dr into downtown area turn left onto 6th St and property is on the right
Subdivision
119 - McCracken County
Standard status
Active
APN
112-13-01-002
Size
5,490 SF
Lot size
0.21 Acres
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Ceiling Fan(s), Central Air
Amenities
hardwood floors
tall ceilings
covered porches
screened in porch
garage
Building Details
Year built
1857
Floors in Building
2
Number of units
3
Listing Agency:
Elite Realty
(270) 444-6522
Listed By:
Lisa Humphrey · License #276371
(270) 210-6837
Added: Sep 25
Last Checked: Sep 27 at 12:06PM
MLS# 26026556
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.
This historic triplex contains 5,490 square feet across three apartments. The ground-floor residence has three bedrooms and two bathrooms; the upper level holds two one-bedroom, one-bathroom apartments. Interior details include hardwood flooring and high ceilings, while the exterior offers covered porches, a screened porch, and a garage. The building dates to 1857 and sits on a 0.2099-acre lot in Paducah’s historic district.
Natural gas heating and central air conditioning serve the property, with ceiling fans also present. Parking features include covered parking and on-street parking. The property is zoned H-2.
Natural gas heating and central air conditioning serve the property, with ceiling fans also present. Parking features include covered parking and on-street parking. The property is zoned H-2.
Key Highlights
- Three apartments: one 3‑bedroom, 2‑bath unit and two 1‑bedroom, 1‑bath units
- 5,490 square feet on a 0.2099‑acre lot
- Built in 1857; located in Paducah’s historic district
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
$45,040
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
9.10%
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%
$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
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
$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 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%
$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 - Three apartments are arranged across two floors, with a larger residence below and two smaller units upstairs.
Where is this triplex located?
The property is located at 335 N 6th Street 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 feet on a 0.2099‑acre lot; Built in 1857; located in Paducah’s historic district
