Mixed-Use Quadplex with Corner
337 West 11th Street Newport, KY 41071
337 West 11th Street, Newport, KY, 41071
$350,000
For Sale
$350,000
Nearly complete 4-unit building with three residential apartments and one corner commercial space, with fresh exterior updates.
Property Size3,136 SF
Price / SF$111.61
Days on Market239
Property Features for 337 West 11th Street
General Information
- Standard status
- Active
- Size
- 3,136 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 1889
Listing agency
Comey & Shepherd REALTORS
(859) 468-2544
Listed by
Rebecca Weber · License #202929
(859) 468-2544
Source
Compass
Added: Nov 24, 2025 Updated: Jul 21 at 6:07AM Checked: Jul 21 at 6:07AM
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 Comey & Shepherd REALTORS
Investment Insights
Based on property information with market context.
Vesper's Corner is a nearly complete 4-unit building featuring three residential apartments and one corner commercial space. The exterior has undergone a facelift to reveal original historic features, and the interior is drywalled, providing a work-in-progress layout ready for finishing.
The property is located along one of West Newport's main corridors. It is also described as potentially available as part of a package including 125 W 11th, 217 W 13th Street, and 423 Thornton, subject to agent details.
As configured, the building combines apartment units with a street-facing corner commercial space, offering an owner a mixed setup within a single structure.
The property is located along one of West Newport's main corridors. It is also described as potentially available as part of a package including 125 W 11th, 217 W 13th Street, and 423 Thornton, subject to agent details.
As configured, the building combines apartment units with a street-facing corner commercial space, offering an owner a mixed setup within a single structure.
Key Highlights
- Nearly complete 4‑unit building with 3 residential apartments and 1 corner commercial space
- Year built: 1889 with exterior updates exposing original historic features
- Interior is drywalled and includes a full basement
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.0k | $14.04 |
| − Vacancy | −$3.7k | −$1.17 |
| EGI | $40.3k | $12.87 |
| − OpEx | −$12.1k | −$3.86 |
| NOI | $28.2k | $9.01 |
3,136 SF · lease $14.04/SF/yr · vacancy 8.36% · expense 30.00%
Alternative Uses
Best Use
Retail
$498.6K
$436.3K – $581.8K
NOI $34,905 @ 7.0% cap · market cap 9.97%
Second Best
Multifamily LT 5
$403.5K
$353.1K – $470.7K
NOI $28,244 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$860.2K
$752.6K – $1.00M
NOI $60,211 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Double J Variety
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Nearly complete 4-unit building with three residential apartments and one corner commercial space, with fresh exterior updates.
Where is this quadplex located?
The property is located at 337 West 11th Street Newport, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Nearly complete 4‑unit building with 3 residential apartments and 1 corner commercial space; Year built: 1889 with exterior updates exposing original historic features; Interior is drywalled and includes a full basement
