Listing Agency: KY Local

Listed By: Tonya Morrow · License #239743 Show Phone

Source: Centralkentuckyhouses

Added: Jun 11 Changed: Oct 1 Last Checked: Oct 7 at 1:04PM

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Investment Insights

Based on property information with market context.

This four-unit property in Stamping Ground, Kentucky, offers a consistent layout across the building, with two bedrooms, one bathroom, an eat-in kitchen, and a family room in each unit. Individual exterior entrances provide separate access for occupants and maintenance activity.

The property is located at 3426 Main St on the original grounds of the Buffalo Springs Distillery, where the historic pump house remains standing. Dollar General is nearby, while a park is within walking distance and an elementary school is close to the property.

Key Highlights

• Four‑unit property with two bedrooms and one bathroom per unit
• Eat‑in kitchen and family room included in each unit
• Individual exterior entries support separate tenant and maintenance access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,715

Cap Rate

5.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$614,300 $614.3K

Cap Rate 7%

$438,786 $438.8K

Cap Rate 9%

$341,278 $341.3K

Market Conditions

NOI Build-Up for 3,600 SF

Gross rent

$45.8K $12.72/SF

− Vacancy

−$1.9K −$0.53/SF

EGI

$43.9K $12.19/SF

− OpEx

−$13.2K −$3.66/SF

NOI

$30.7K $8.53/SF

Area

Scott County, KY

Vacancy

4.18%

Lease Rate

$12.72 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$614,300

Cap Rate 7%

$438,786

Cap Rate 9%

$341,278

Alternative Uses

Best Use

Multifamily LT 5

$438.8K

$383.9K – $511.9K (±1% cap)

NOI $30,715 @ 7.0% cap · market cap 5.81%

Second Best

Apartment 5plus

$392.6K

$343.6K – $458.1K (±1% cap)

NOI $27,485 @ 7.0% cap · market cap 5.20%

Theoretical Best

Office A

$912.4K

$798.3K – $1.06M (±1% cap)

NOI $63,867 @ 7.0% cap · market cap 12.07%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Building Supply Auto Parts Store Auto Repair Shop Garden Center Kitchen & Bath Showroom Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

75

Businesses Nearby

Explore this area Business Placement

Demographics for 40379, KY

3,784

Population

1,767

Households

2.1

Avg Household Size

40

Median Age

27%

College-Educated

91%

High-School Grad

65.5 sq mi

ZIP Area

58

Density / Sq Mi

$64,487

Median Household Income

$42,388

Median Earnings

$927

Median Rent

$223,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Quadplex - Each unit includes two bedrooms, one bathroom, an eat-in kitchen, and a family room.

Where is this quadplex located?

The property is located at 3426 Main St Stamping Ground, KY.

What is the asking price?

The asking price for this property is $529,000.

What are key features of this property?

This property features: Four‑unit property with two bedrooms and one bathroom per unit; Eat‑in kitchen and family room included in each unit; Individual exterior entries support separate tenant and maintenance access