New Construction All-Brick
For Sale
$269,900
338 Breckinridge Circle, Vine Grove, KY 40175
Residential/Farm, Duplex, Patio, Vine Grove, KY
Property Size1,350 SF
Lot Size0.11 Acres
Price / SF$199.93
Days on Market37
Property Features for 338 Breckinridge Circle
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Interior features
Ceiling Fan(s), Tray Ceiling(s)
Exterior features
Concrete Walks
Appliances
Smoke Detector(s)
Subdivision
Webster Ridge
Lot features
Subdivision
Directions
US-31 N TO LEFT ONTO KY 313 RIGHT ONTO HILL ST. LEFT ONTO WEBSTER RIDGE RIGHT ON TO DIXON CIRCLE.
Standard status
Active
Size
1,350 SF
Lot size
0.11 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
2026
Flooring type
Laminate, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX EXECUTIVE GROUP, INC. · RE/MAX International
(270) 769-1655
Listed By:
J.E. Bramblett Team
(270) 769-0038
Added: Jul 17
Changed: Aug 19
Last Checked: Aug 22 at 8:06PM
MLS# HK2602992
Copyright © 2026 Heart of Kentucky Association of Realtors. 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 duplex is an under-construction, all-brick residential income property with two bedrooms and two full bathrooms on each side. Both units include two-car garages, granite kitchen countertops, soft-close cabinetry, installed appliances, laminate and carpet flooring, central air, and heat-pump heating. A divider between the units adds separation for occupants, while concrete walks provide exterior access. The property is planned for completion in 2026 and includes a one-year builder’s warranty.
Located in Vine Grove, the duplex is approximately 15 minutes from Fort Knox and near shopping, dining, and daily amenities. The property sits on a 0.11-acre lot at 338 Breckinridge Circle and includes shingle roofing, ceiling fans, tray ceilings, and smoke detectors.
Located in Vine Grove, the duplex is approximately 15 minutes from Fort Knox and near shopping, dining, and daily amenities. The property sits on a 0.11-acre lot at 338 Breckinridge Circle and includes shingle roofing, ceiling fans, tray ceilings, and smoke detectors.
Key Highlights
- Two‑bedroom, two‑bathroom layout on each side
- Two‑car garage provided for each unit
- All‑brick duplex under construction with 2026 construction date
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
$11,635
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
4.31%
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%
$232,700
$232.7K
Cap Rate 7%
$166,214
$166.2K
Cap Rate 9%
$129,278
$129.3K
Market Conditions
NOI Build-Up for 1,350 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
$17.5K $12.96/SF
− Vacancy
−$875 −$0.65/SF
EGI
$16.6K $12.31/SF
− OpEx
−$5.0K −$3.69/SF
NOI
$11.6K $8.62/SF
Area
Hardin County, KY
Vacancy
5.00%
Lease Rate
$12.96 /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%
$232,700
Cap Rate 7%
$166,214
Cap Rate 9%
$129,278
Alternative Uses
Best Use
Multifamily LT 5
$166.2K
$145.4K – $193.9K
NOI $11,635 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$154.4K
$135.1K – $180.1K
NOI $10,806 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$244.4K
$213.8K – $285.1K
NOI $17,107 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 40175, KY
15,338
Population
6,630
Households
2.3
Avg Household Size
39
Median Age
27%
College-Educated
95%
High-School Grad
80.7 sq mi
ZIP Area
190
Density / Sq Mi
$75,156
Median Household Income
$40,292
Median Earnings
$1,258
Median Rent
$205,500
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?
Duplex - Two-bedroom units include private garages, modern kitchen finishes, and separate outdoor privacy dividers.
Where is this duplex located?
The property is located at 338 Breckinridge Circle Vine Grove, KY.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom layout on each side; Two‑car garage provided for each unit; All‑brick duplex under construction with 2026 construction date
