Building Details

Year Built 1960

Listing Agency: RE/MAX Victory + Affiliates

Listed By: Victoria Bertram Show Phone

Source: Lovdalgroup

Added: Sep 1 Changed: Oct 6 Last Checked: Oct 7 at 2:35PM

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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 RE/MAX Victory + Affiliates

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Investment Insights

Based on property information with market context.

This four-unit quadplex at 43 Holly Woods Dr includes 3,704 square feet and was built in 1960. The units feature hardwood flooring, central air conditioning, ceiling fans, generous closet space, eat-in kitchens, and pantry storage. Each unit includes a refrigerator and oven range. Dedicated storage areas and washer/dryer hookups are located in the basement, while the property also provides off-street parking and a garage.

The property is in Fort Thomas, Kentucky, near shopping, dining, and parks. Its four-unit configuration, existing residential features, and on-site parking provide a clearly defined multifamily asset with practical tenant amenities.

Key Highlights

• Four‑unit quadplex with 3,704 square feet
• Built in 1960
• 2‑bedroom units with hardwood floors and central air

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,360

Cap Rate

5.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$667,200 $667.2K

Cap Rate 7%

$476,571 $476.6K

Cap Rate 9%

$370,667 $370.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,704 SF

Gross rent

$52.0K $14.04/SF

− Vacancy

−$4.3K −$1.17/SF

EGI

$47.7K $12.87/SF

− OpEx

−$14.3K −$3.86/SF

NOI

$33.4K $9.01/SF

Area

Campbell County, KY

Vacancy

8.36%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$667,200

Cap Rate 7%

$476,571

Cap Rate 9%

$370,667

Alternative Uses

Best Use

Multifamily LT 5

$476.6K

$417.0K – $556.0K (±1% cap)

NOI $33,360 @ 7.0% cap · market cap 5.32%

Second Best

Apartment 5plus

$439.5K

$384.6K – $512.8K (±1% cap)

NOI $30,767 @ 7.0% cap · market cap 4.91%

Theoretical Best

Office A

$1.02M

$889.0K – $1.19M (±1% cap)

NOI $71,117 @ 7.0% cap · market cap 11.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

322

Businesses Nearby

Explore this area Business Placement

Demographics for 41075, KY

17,517

Population

6,851

Households

2.6

Avg Household Size

38

Median Age

55%

College-Educated

97%

High-School Grad

5.8 sq mi

ZIP Area

3,020

Density / Sq Mi

$99,075

Median Household Income

$52,262

Median Earnings

$1,096

Median Rent

$298,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Multifamily property with basement storage, laundry hookups, off-street parking, and in-unit kitchen appliances.

Where is this quadplex located?

The property is located at 43 Holly Woods Dr Fort Thomas, KY.

What is the asking price?

The asking price for this property is $627,000.

What are key features of this property?

This property features: Four‑unit quadplex with 3,704 square feet; Built in 1960; 2‑bedroom units with hardwood floors and central air