Two-Unit Property with
468 Newman Avenue Fort Thomas, KY 41075
468 Newman Avenue, Fort Thomas, KY, 41075
$379,000
For Sale
$379,000
Two 2BR/1BA units each include a garage, newer HVAC, and tenant-paid utilities except storm water.
Property Size1,947 SF
Price / SF$194.66
Days on Market29
Property Features for 468 Newman Avenue
General Information
- Standard status
- Active
- Size
- 1,947 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 1968
Listing agency
Pogue & Associates
(859) 801-4576
Listed by
Matthew Mansfield · License #200308
(859) 801-4576
Source
Compass
Added: Jun 23 Updated: Jul 21 at 8:27AM Checked: Jul 21 at 8:27AM
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 Pogue & Associates
Investment Insights
Based on property information with market context.
This two-family residential income property features two 2-bedroom, 1-bath units. Each unit has its own garage and newer HVAC, and the tenancy structure includes tenants paying utilities except for storm water.
Located at 468 Newman Avenue in Fort Thomas, KY, the property is described as approximately 10 minutes from Cincinnati and near Newport shopping and dining.
The offering is presented as having a great rental history, with the existing configuration supporting self-contained unit living within a duplex-style layout.
Located at 468 Newman Avenue in Fort Thomas, KY, the property is described as approximately 10 minutes from Cincinnati and near Newport shopping and dining.
The offering is presented as having a great rental history, with the existing configuration supporting self-contained unit living within a duplex-style layout.
Key Highlights
- Two‑family property built in 1968 with two 2BR/1BA units
- Each unit includes a garage
- Newer HVAC in each unit; central air and forced‑air heating
Local Financial Insights For Multifamily LT 5
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 | $27.3k | $14.04 |
| − Vacancy | −$2.3k | −$1.17 |
| EGI | $25.1k | $12.87 |
| − OpEx | −$7.5k | −$3.86 |
| NOI | $17.5k | $9.01 |
1,947 SF · lease $14.04/SF/yr · vacancy 8.36% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$250.5K
$219.2K – $292.3K
NOI $17,535 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$231.0K
$202.2K – $269.6K
NOI $16,173 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$534.0K
$467.3K – $623.0K
NOI $37,382 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2BR/1BA units each include a garage, newer HVAC, and tenant-paid utilities except storm water.
Where is this duplex located?
The property is located at 468 Newman Avenue Fort Thomas, KY.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two‑family property built in 1968 with two 2BR/1BA units; Each unit includes a garage; Newer HVAC in each unit; central air and forced‑air heating
