New Construction Brick
For Sale
$520,000
345/347 Breckinridge Circle, Vine Grove, KY 40175
Residential/Farm, 2 Story, Duplex, Vine Grove, KY
Property Size1,917 SF
Lot Size0.11 Acres
Price / SF$271.26
Days on Market47
Property Features for 345/347 Breckinridge Circle
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 5, Bathroom 6, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 3
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-in Closet(s)
Exterior features
Patio
Subdivision
Webster Ridge
Lot features
Subdivision
Directions
31W turn right onto Joe Prather 313 toward Vine Grove. Turn right at W Lincoln Trail Blvd. towards Radcliff, take the next right onto Hill Street. Turn left onto Webster Ridge Way. Turn right onto Dixon Circle.
Standard status
Active
Size
1,917 SF
Lot size
0.11 Acres
Utilities
Heating system
Central
Cooling system
Central Air, Electric
Building Details
Year built
2026
Floors in Building
2
Flooring type
Vinyl, 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 31
Last Checked: Sep 1 at 8:06PM
MLS# HK2602993
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 under-construction duplex is planned as a 2026 completion with 1,917 square feet on a 0.11-acre lot. The all-brick exterior includes a shingle roof and patio, while each side is arranged with 3 bedrooms and 2.5 bathrooms. Interior specifications include granite countertops, soft-close cabinetry, vinyl and carpet flooring, central heating, central air, electric cooling, ceiling fans, and walk-in closets. A privacy divider separates the two residences.
The property is located at 345/347 Breckinridge Circle in Vine Grove, Kentucky, approximately 15 minutes from Fort Knox. Shopping, dining, and daily amenities are also described as nearby. A one-year builder's warranty is included with each property.
The property is located at 345/347 Breckinridge Circle in Vine Grove, Kentucky, approximately 15 minutes from Fort Knox. Shopping, dining, and daily amenities are also described as nearby. A one-year builder's warranty is included with each property.
Key Highlights
- Two‑unit layout with 3 bedrooms and 2.5 bathrooms per side
- 1,917 square feet on a 0.11‑acre lot
- All‑brick construction with shingle roof and patio
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
$16,521
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
3.18%
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%
$330,420
$330.4K
Cap Rate 7%
$236,014
$236.0K
Cap Rate 9%
$183,567
$183.6K
Market Conditions
NOI Build-Up for 1,917 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
$24.8K $12.96/SF
− Vacancy
−$1.2K −$0.65/SF
EGI
$23.6K $12.31/SF
− OpEx
−$7.1K −$3.69/SF
NOI
$16.5K $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%
$330,420
Cap Rate 7%
$236,014
Cap Rate 9%
$183,567
Alternative Uses
Best Use
Multifamily LT 5
$236.0K
$206.5K – $275.4K
NOI $16,521 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$219.2K
$191.8K – $255.8K
NOI $15,345 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$347.0K
$303.7K – $404.9K
NOI $24,292 @ 7.0% cap · market cap 4.67%
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 - Each unit provides three bedrooms, two-and-a-half baths, and contemporary kitchen and bathroom finishes.
Where is this duplex located?
The property is located at 345/347 Breckinridge Circle Vine Grove, KY.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two‑unit layout with 3 bedrooms and 2.5 bathrooms per side; 1,917 square feet on a 0.11‑acre lot; All‑brick construction with shingle roof and patio
