Duplex With Basement
3556 - 3560 Honey Jay Court Lexington, KY 40517
New
3556 - 3560 Honey Jay Court, Lexington, KY, 40517
$289,000
For Sale
$289,000
MULTI_FAMILY - Lexington, KY
Property Size2,508 SF
Lot Size0.21 Acres
Price / SF$115.23
Days on Market2
Property Features for 3556 - 3560 Honey Jay Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-1T
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4
- Standard status
- Active
- APN
- 17289654 - 17289653
- Size
- 2,508 SF
- Lot size
- 0.21 Acres
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 1976
Listing Agency
Guide Realty, Inc.
(859) 263-0305
1591 Winchester Rd, Ste 104, Lexington, KY
Listed by
Ivy Barksdale · License #215660
(859) 361-7395
Added: Jul 18 Checked: Jul 19 at 1:06 am
MLS# 26019070
Listing URL
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 for-sale duplex includes two residential units, each laid out with 2 bedrooms and 1 full bath. Both units also have a basement-level one-car garage. The finished basement rooms provide additional flexible interior space, including options for storage, office use, or recreation. One finished basement room includes an exterior door for added access and versatility.
The property sits on a partially wooded lot. One unit is described as soon to be vacant, allowing updates to begin while the other unit continues to provide rental income.
The building’s size is listed at 2,508 square feet, and the lot size is listed at 0.2135 acres.
The property sits on a partially wooded lot. One unit is described as soon to be vacant, allowing updates to begin while the other unit continues to provide rental income.
The building’s size is listed at 2,508 square feet, and the lot size is listed at 0.2135 acres.
Key Highlights
- Duplex built in 1976 with 2 bedrooms and 1 full bath in each unit
- Each unit includes a basement‑level one‑car garage plus two finished basement rooms
- One unit will be vacant soon, offering flexibility to update or move in
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 | $31.9k | $12.72 |
| − Vacancy | −$1.3k | −$0.53 |
| EGI | $30.6k | $12.19 |
| − OpEx | −$9.2k | −$3.66 |
| NOI | $21.4k | $8.53 |
2,508 SF · lease $12.72/SF/yr · vacancy 4.18% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$305.7K
$267.5K – $356.6K
NOI $21,398 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$273.5K
$239.4K – $319.1K
NOI $19,148 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$520.1K
$455.1K – $606.7K
NOI $36,404 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex featuring two 2-bedroom units, each with a basement-level one-car garage and finished basement rooms.
Where is this duplex located?
The property is located at 3556 - 3560 Honey Jay Court Lexington, KY.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Duplex built in 1976 with 2 bedrooms and 1 full bath in each unit; Each unit includes a basement‑level one‑car garage plus two finished basement rooms; One unit will be vacant soon, offering flexibility to update or move in
