Four-Unit
For Sale
$529,000
3426 Main Street, Stamping Ground, KY 40379
Residential Income, Stamping Ground, KY
Property Size3,600 SF
Lot Size1.01 Acres
Price / SF$146.94
Days on Market47
Property Features for 3426 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
B-2
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bedroom 8, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Subdivision
Rural
Elementary school
Stamping Ground
Middle school
Scott Co
High school
Great Crossing
Elementary school district
Scott County - 5
Middle school district
Scott County - 5
High school district
Scott County - 5
Directions
On Main Street in Stamping Ground next to the Dollar General
Standard status
Active
APN
038-00-044.000
Size
3,600 SF
Lot size
1.01 Acres
Utilities
Utilities
Propane
Heating system
Propane (Heating)
Cooling system
Central Air
Building Details
Floors in Building
2
Number of units
4
Roof type
Flat
Listing Agency:
KY Local
(859) 536-8638
Listed By:
Tonya Morrow · License #239743
(859) 285-6600
Added: Aug 6
Changed: Sep 12
Last Checked: Sep 21 at 9:06PM
MLS# 26021142
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 B-2-zoned quadplex contains four residential units within a 3,600-square-foot building on 1.014 acres. Each unit includes two bedrooms, one bathroom, an eat-in kitchen, and a family room. Individual exterior entrances provide separate access for residents and maintenance. The property has central air, propane heating, propane utilities, and a flat roof.
Located at 3426 Main Street in Stamping Ground, the property is within walking distance of a park, near an elementary school, and close to Dollar General. The site is also associated with the original grounds of Buffalo Springs Distillery, where the historic pump house remains standing.
Located at 3426 Main Street in Stamping Ground, the property is within walking distance of a park, near an elementary school, and close to Dollar General. The site is also associated with the original grounds of Buffalo Springs Distillery, where the historic pump house remains standing.
Key Highlights
- Four‑unit quadplex with 3,600 square feet of building area
- Each unit includes 2 bedrooms, 1 bathroom, an eat‑in kitchen, and a family room
- Individual exterior entrances provide separate resident and maintenance access
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
$30,715
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
5.81%
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%
$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
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
$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 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%
$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
NOI $30,715 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$392.6K
$343.6K – $458.1K
NOI $27,485 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$912.4K
$798.3K – $1.06M
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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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer two-bedroom layouts with private exterior access, kitchens, and family rooms.
Where is this quadplex located?
The property is located at 3426 Main Street 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 quadplex with 3,600 square feet of building area; Each unit includes 2 bedrooms, 1 bathroom, an eat‑in kitchen, and a family room; Individual exterior entrances provide separate resident and maintenance access
