6-Unit Apartment
For Sale
$375,000
412 Wood Creek Dr, Radcliff, KY 40160
Five residences feature updated interiors, central air, individual utility metering, and dedicated resident parking.
Property Size3,905 SF
Price / SF$96.03
Days on Market87
Property Features for 412 Wood Creek Dr
General Information
Standard status
Active
Size
3,905 SF
Property subtype
Multi-Family
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Amenities
central air
dedicated parking
Building Details
Year Built
1983
Listing Agency:
Homepage Realty
Listed By:
Ashley Brown · License #214651
(502) 345-2830
Source:
Familyrealty
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 15 at 12:24AM
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 Homepage Realty
Investment Insights
Based on property information with market context.
Built in 1983, this 3,905-square-foot apartment building contains six 1-bedroom, 1-bathroom units. Five residences have been remodeled, and each unit includes central air, individual utility metering, and dedicated parking. Tenants pay all utilities, including water, while the landlord handles trash service and lawn care.
Five of the six units are leased. The property is located at 412 Wood Creek Dr in Radcliff, near Fort Knox and Elizabethtown, providing access to two established area destinations. The compact unit configuration and individually metered utilities create a straightforward operating profile for multifamily ownership.
Five of the six units are leased. The property is located at 412 Wood Creek Dr in Radcliff, near Fort Knox and Elizabethtown, providing access to two established area destinations. The compact unit configuration and individually metered utilities create a straightforward operating profile for multifamily ownership.
Key Highlights
- Six 1‑bedroom, 1‑bathroom apartment units in a 3,905‑square‑foot building
- Five of the six units have been recently remodeled
- Five of six units are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,259
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,180
$625.2K
Cap Rate 7%
$446,557
$446.6K
Cap Rate 9%
$347,322
$347.3K
Market Conditions
NOI Build-Up for 3,905 SF
Gross rent
$59.5K $15.24/SF
− Vacancy
−$2.7K −$0.69/SF
EGI
$56.8K $14.55/SF
− OpEx
−$25.6K −$6.55/SF
NOI
$31.3K $8.00/SF
Area
Hardin County, KY
Vacancy
4.50%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,180
Cap Rate 7%
$446,557
Cap Rate 9%
$347,322
Alternative Uses
Best Use
Apartment 5plus
$446.6K
$390.7K – $521.0K
NOI $31,259 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$706.9K
$618.6K – $824.7K
NOI $49,484 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Explore this area
Business Placement
Demographics for 40160, KY
23,582
Population
9,991
Households
2.4
Avg Household Size
37
Median Age
15%
College-Educated
89%
High-School Grad
17.1 sq mi
ZIP Area
1,379
Density / Sq Mi
$59,293
Median Household Income
$34,373
Median Earnings
$889
Median Rent
$161,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five residences feature updated interiors, central air, individual utility metering, and dedicated resident parking.
Where is this apartment building located?
The property is located at 412 Wood Creek Dr Radcliff, KY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Six 1‑bedroom, 1‑bathroom apartment units in a 3,905‑square‑foot building; Five of the six units have been recently remodeled; Five of six units are currently leased
