Townhome-Style
374 KENLEE CIR Bowling Green, KY 42101
For Sale
Contact for pricing
Townhome-style 4-plex with 2-bed, 1.5-bath units and separately metered utilities for simpler utility management.
Property Size3,840 SF
Price / SF$111.95
Days on Market81
Property Features for 374 KENLEE CIR
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2006
Listing Agency:
Crye-Leike Executive Realty
(270) 781-3377
Listed By:
Zack Puckett · License #251796
Source:
Crexi
Added: May 6
Changed: Jul 22
Last Checked: Jul 23 at 1:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike Executive Realty
Investment Insights
Based on property information with market context.
This townhome-style 4-plex features four individual units, each offering 2 bedrooms and 1.5 bathrooms. The property is set up with separate metered utilities, which can help simplify day-to-day utility management. Projected gross rental income is approximately $43,200 annually.
The property is positioned in the expanding North Industrial Park area of Bowling Green, Kentucky, with convenient access to major employers, industrial growth areas, and key transportation routes. Demand is supported by the continued development of this corridor.
For investors considering expansion, the seller also notes the opportunity to pair this property with the neighboring listing at 330 Kenlee Circle.
The property is positioned in the expanding North Industrial Park area of Bowling Green, Kentucky, with convenient access to major employers, industrial growth areas, and key transportation routes. Demand is supported by the continued development of this corridor.
For investors considering expansion, the seller also notes the opportunity to pair this property with the neighboring listing at 330 Kenlee Circle.
Key Highlights
- Townhome‑style 4‑plex built in 2006 in Bowling Green’s North Industrial Park area
- 4 units total, each with 2 bedrooms and 1.5 bathrooms
- Projected gross rental income of approximately $43,200 annually
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 | $54.8k | $14.28 |
| − Vacancy | −$3.2k | −$0.84 |
| EGI | $51.6k | $13.44 |
| − OpEx | −$15.5k | −$4.03 |
| NOI | $36.1k | $9.41 |
3,840 SF · lease $14.28/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$516.0K
$451.5K – $602.0K
NOI $36,120 @ 7.0% cap · market cap 8.40%
Second Best
Apartment 5plus
$481.5K
$421.4K – $561.8K
NOI $33,708 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$848.1K
$742.1K – $989.4K
NOI $59,366 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Townhome-style 4-plex with 2-bed, 1.5-bath units and separately metered utilities for simpler utility management.
Where is this quadplex located?
The property is located at 374 KENLEE CIR Bowling Green, KY.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Townhome‑style 4‑plex built in 2006 in Bowling Green’s North Industrial Park area; 4 units total, each with 2 bedrooms and 1.5 bathrooms; Projected gross rental income of approximately $43,200 annually
