Duplex with Two Separate
369 Wallace Lane Paducah, KY 42001
New
For Sale
$324,900
MULTI_FAMILY - Paducah, KY
Property Size2,510 SF
Lot Size0.16 Acres
Price / SF$129.44
Days on Market2
Property Features for 369 Wallace Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-1
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3
- Standard status
- Active
- APN
- 096-33-05-006
- Size
- 2,510 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1938
Listing Agency:
Housman Partners Real Estate
(270) 534-5569
Listed By:
Jessica Housman · License #201474
(270) 210-4366
Added: Jul 24
Last Checked: Jul 25 at 10:06AM
MLS# 26019826
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 duplex features two separate residential units. Side A is approximately 1,600 square feet with 3 bedrooms and 1.5 bathrooms, with hardwood floors in the living room and a fireplace. The kitchen includes granite countertops and stainless steel appliances, and there is a dedicated dining room. All three bedrooms are located upstairs, with a spacious back patio extending outdoor living space.
Side B is approximately 910 square feet with 2 bedrooms and 1 bathroom. Hardwood floors run throughout, and the living room has a fireplace. The kitchen is equipped with stainless steel appliances, and a spacious back patio provides an additional outdoor area for everyday use.
Both sides are described as well maintained with updated finishes and dedicated outdoor patio space, providing two distinct layouts within one property on a 0.16-acre lot.
Side B is approximately 910 square feet with 2 bedrooms and 1 bathroom. Hardwood floors run throughout, and the living room has a fireplace. The kitchen is equipped with stainless steel appliances, and a spacious back patio provides an additional outdoor area for everyday use.
Both sides are described as well maintained with updated finishes and dedicated outdoor patio space, providing two distinct layouts within one property on a 0.16-acre lot.
Key Highlights
- West end Paducah duplex near shopping, dining, schools, hospitals, and Interstate 24
- Side A: approx. 1,600 SF with 3 bedrooms and 1.5 bathrooms; hardwood floors and living room fireplace
- Side A kitchen with granite countertops and stainless steel appliances; dedicated dining room and upstairs bedrooms
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 | $35.2k | $14.04 |
| − Vacancy | −$2.9k | −$1.15 |
| EGI | $32.4k | $12.89 |
| − OpEx | −$9.7k | −$3.87 |
| NOI | $22.7k | $9.03 |
2,510 SF · lease $14.04/SF/yr · vacancy 8.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.6K
$283.2K – $377.6K
NOI $22,653 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$294.2K
$257.4K – $343.2K
NOI $20,592 @ 7.0% cap · market cap 6.34%
Theoretical Best
Warehouse
$523.0K
$457.6K – $610.1K
NOI $36,608 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex in an established neighborhood offering two well-maintained residential units with fireplaces and back patios.
Where is this duplex located?
The property is located at 369 Wallace Lane Paducah, KY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: West end Paducah duplex near shopping, dining, schools, hospitals, and Interstate 24; Side A: approx. 1,600 SF with 3 bedrooms and 1.5 bathrooms; hardwood floors and living room fireplace; Side A kitchen with granite countertops and stainless steel appliances; dedicated dining room and upstairs bedrooms
