Remodeled
New
For Sale
$319,900
Pending
409-411 Longview Dr, Nicholasville, KY 40356
Residential Income, Nicholasville, KY
Property Size2,516 SF
Lot Size0.21 Acres
Days on Market2
Property Features for 409-411 Longview Dr
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 5, Laundry Room, Bedroom 3, Bedroom 2
Parking
6
Elementary school
Red Oak
Middle school
East Jessamine Middle School
High school
East Jess HS
Elementary school district
Jessamine County - 9
Middle school district
Jessamine County - 9
High school district
Jessamine County - 9
Directions
Left on Main Street. left in front of Kroger store on Longview Drive. Property is on the right.
Subdivision
009 - Jessamine County
Standard status
Pending
APN
059100303700
Size
2,516 SF
Lot size
0.21 Acres
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1992
Floors in Building
2
Number of units
2
Roof type
Metal
Listing Agency:
Charles Collins Real Estate
(859) 885-9446
Listed By:
Bobby Perkins
(859) 338-5449
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 7:06PM
MLS# 26023566
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 contains 2,516 square feet within a 0.208-acre lot and includes 6 bedrooms, 4 bathrooms, and a laundry room. The right-side unit has been completely remodeled, while the property was built by its present owner.
Constructed in 1992, the building has a metal roof, heat pump heating, and central air conditioning. The property is located at 409-411 Longview Dr in Nicholasville, Kentucky, within Jessamine County.
Constructed in 1992, the building has a metal roof, heat pump heating, and central air conditioning. The property is located at 409-411 Longview Dr in Nicholasville, Kentucky, within Jessamine County.
Key Highlights
- 2,516‑square‑foot duplex on a 0.208‑acre lot
- Six bedrooms and four bathrooms
- Right‑side unit completely remodeled
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
$21,466
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
6.71%
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%
$429,320
$429.3K
Cap Rate 7%
$306,657
$306.7K
Cap Rate 9%
$238,511
$238.5K
Market Conditions
NOI Build-Up for 2,516 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
$32.0K $12.72/SF
− Vacancy
−$1.3K −$0.53/SF
EGI
$30.7K $12.19/SF
− OpEx
−$9.2K −$3.66/SF
NOI
$21.5K $8.53/SF
Area
Jessamine 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%
$429,320
Cap Rate 7%
$306,657
Cap Rate 9%
$238,511
Alternative Uses
Best Use
Multifamily LT 5
$306.7K
$268.3K – $357.8K
NOI $21,466 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$274.4K
$240.1K – $320.2K
NOI $19,209 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$637.7K
$558.0K – $743.9K
NOI $44,636 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
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 - One side has been completely remodeled, with heat pump heating and central air conditioning serving the property.
Where is this duplex located?
The property is located at 409-411 Longview Dr Nicholasville, KY.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 2,516‑square‑foot duplex on a 0.208‑acre lot; Six bedrooms and four bathrooms; Right‑side unit completely remodeled
