Duplex with Separate Water
For Sale
$549,000
4280/4282 Forest Cove, Paducah, KY 42001
Two residences feature open-concept interiors and private outdoor areas within a fenced backyard.
Property Size3,408 SF
Price / SF$161.09
Days on Market49
Property Features for 4280/4282 Forest Cove
General Information
Standard status
Active
Size
3,408 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units
2
Amenities
privacy fence
circular driveway
irrigation system
separate water meters
Building Details
Year Built
1976
Listing Agency:
Turn Key Realty Group
Listed By:
Lake Cumberland Real Estate Professional
(606) 677-0059
Source:
Lakecumberlandky
Added: Sep 13
Changed: Oct 31
Last Checked: Oct 30 at 2:26PM
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 Turn Key Realty Group
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Investment Insights
Based on property information with market context.
This 3,408-square-foot duplex, built in 1976, includes a three-bedroom, two-bath residence and a separate two-bedroom, two-bath suite. Both residences use open-concept living areas with vaulted ceilings, large bedrooms, and generous closet storage. Interior finishes include hardwood, tile, and marble flooring. Separate water meters support distinct utility management for each side.
The property sits in a cul-de-sac neighborhood in Paducah’s West End. A full-perimeter privacy fence surrounds the backyard, while a poured-concrete circular driveway installed less than two years ago and an integrated irrigation system add functional exterior improvements. The configuration supports use as two residences or combined personal and leasing space, as described in the source information.
The property sits in a cul-de-sac neighborhood in Paducah’s West End. A full-perimeter privacy fence surrounds the backyard, while a poured-concrete circular driveway installed less than two years ago and an integrated irrigation system add functional exterior improvements. The configuration supports use as two residences or combined personal and leasing space, as described in the source information.
Key Highlights
- 3,408 SF duplex with a 3‑bedroom, 2‑bath residence and a 2‑bedroom, 2‑bath suite
- Separate water meters for the two residences
- Open‑concept living areas with vaulted ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,757
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,140
$615.1K
Cap Rate 7%
$439,386
$439.4K
Cap Rate 9%
$341,744
$341.7K
Market Conditions
NOI Build-Up for 3,408 SF
Gross rent
$47.8K $14.04/SF
− Vacancy
−$3.9K −$1.15/SF
EGI
$43.9K $12.89/SF
− OpEx
−$13.2K −$3.87/SF
NOI
$30.8K $9.03/SF
Area
McCracken County, KY
Vacancy
8.17%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,140
Cap Rate 7%
$439,386
Cap Rate 9%
$341,744
Alternative Uses
Best Use
Multifamily LT 5
$439.4K
$384.5K – $512.6K
NOI $30,757 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$399.4K
$349.5K – $466.0K
NOI $27,959 @ 7.0% cap · market cap 5.09%
Theoretical Best
Warehouse
$710.1K
$621.3K – $828.4K
NOI $49,706 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 42001, KY
31,579
Population
14,815
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
94%
High-School Grad
74.2 sq mi
ZIP Area
426
Density / Sq Mi
$68,868
Median Household Income
$42,334
Median Earnings
$916
Median Rent
$210,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature open-concept interiors and private outdoor areas within a fenced backyard.
Where is this duplex located?
The property is located at 4280/4282 Forest Cove Paducah, KY.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 3,408 SF duplex with a 3‑bedroom, 2‑bath residence and a 2‑bedroom, 2‑bath suite; Separate water meters for the two residences; Open‑concept living areas with vaulted ceilings
