Duplex with Two-CAR
For Sale
$149,000
Pending
411 5th Avenue, Dayton, KY 41074
Duplex with two 1-bedroom units, covered porches, a two-car garage behind the property, and a roof replaced three years ago.
Property Size1,596 SF
Days on Market90
Property Features for 411 5th Avenue
General Information
Standard status
Pending
Size
1,596 SF
Property subtype
Multi Family / Multi Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1890
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty FM
(859) 835-2533
Listed By:
Michael Cummiskey · License #270311
(859) 835-2533
Source:
Compass
Added: May 4
Changed: Jul 22
Last Checked: Jul 31 at 10:56AM
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 Coldwell Banker Realty FM
Investment Insights
Based on property information with market context.
This duplex is being sold as-is, where-is, with the buyer required to view the property before making an offer. The home features two 1-bedroom, 1-bath units, each with a living room and kitchen. The lower unit has a covered front porch, and the upper unit offers a private covered balcony. A two-car garage is located behind the property off a rear alley. A metal roof was installed approximately three years ago.
The property is located in Dayton, Kentucky, and is described as being just minutes from Cincinnati.
While the duplex has a reported strong rental history of approximately 15 years, it will need updates including paint, drywall, flooring, and a drop ceiling. The remarks note the units are currently under market rents and present an investor-focused opportunity.
The property is located in Dayton, Kentucky, and is described as being just minutes from Cincinnati.
While the duplex has a reported strong rental history of approximately 15 years, it will need updates including paint, drywall, flooring, and a drop ceiling. The remarks note the units are currently under market rents and present an investor-focused opportunity.
Key Highlights
- Duplex in Dayton, KY with two 1‑bedroom, 1‑bath units, each with living room and kitchen
- New metal roof installed about 3 years ago
- Covered porch on the lower unit and a private covered balcony on the upper unit
Financial Insights For Apartment 5plus
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 | $26.4k | $16.56 |
| − Vacancy | −$2.3k | −$1.46 |
| EGI | $24.1k | $15.10 |
| − OpEx | −$10.8k | −$6.80 |
| NOI | $13.3k | $8.31 |
1,596 SF · lease $16.56/SF/yr · vacancy 8.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$205.3K
$179.7K – $239.6K
NOI $14,374 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$189.4K
$165.7K – $221.0K
NOI $13,257 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$437.8K
$383.0K – $510.7K
NOI $30,643 @ 7.0% cap · market cap 20.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Explore this area
Business Placement
Demographics for 41074, KY
5,703
Population
2,699
Households
2.1
Avg Household Size
38
Median Age
24%
College-Educated
90%
High-School Grad
1.5 sq mi
ZIP Area
3,802
Density / Sq Mi
$62,500
Median Household Income
$37,216
Median Earnings
$1,086
Median Rent
$144,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 1-bedroom units, covered porches, a two-car garage behind the property, and a roof replaced three years ago.
Where is this duplex located?
The property is located at 411 5th Avenue Dayton, KY.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Duplex in Dayton, KY with two 1‑bedroom, 1‑bath units, each with living room and kitchen; New metal roof installed about 3 years ago; Covered porch on the lower unit and a private covered balcony on the upper unit
