Triplex with Updated
New
For Sale
$189,900
507 Saint Ann St., Owensboro, KY 42303
RESIDENTIAL, Owensboro, KY
Property Size2,505 SF
Price / SF$75.81
Days on Market2
Property Features for 507 Saint Ann St.
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bathroom 1, Bathroom 2
Appliances
Dryer, Range, Refrigerator, Washer
Lot features
Level
Elementary school
Estes Elementary School
Middle school
Owensboro Middle School
High school
OWENSBORO HIGH SCHOOL
Subdivision
Owensboro
Standard status
Active
Size
2,505 SF
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1906
Floors in Building
2
Flooring type
Tile, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Triple Crown Realty Group
(270) 926-9999
Listed By:
The Gasser Group
(270) 302-2457
Added: Oct 22
Last Checked: Oct 23 at 5:06PM
MLS# 96094
Copyright © 2026 Greater Owensboro Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,505-square-foot triplex, built in 1906, contains two two-bedroom, one-bath apartments and a studio. The upstairs apartment has received kitchen and bathroom renovations, along with new flooring, a washer and dryer. The studio has updated kitchen finishes, a refrigerator and range, new flooring, and a stand-up shower. A new roof and windows are additional property improvements. The downstairs front apartment is identified for further updating.
Key Highlights
- 2,505‑square‑foot triplex built in 1906
- Two two‑bedroom, one‑bath apartments plus a studio
- Renovated upstairs apartment includes kitchen and bathroom improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,510
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,200
$330.2K
Cap Rate 7%
$235,857
$235.9K
Cap Rate 9%
$183,444
$183.4K
Market Conditions
NOI Build-Up for 2,505 SF
Gross rent
$25.6K $10.20/SF
− Vacancy
−$2.0K −$0.78/SF
EGI
$23.6K $9.42/SF
− OpEx
−$7.1K −$2.82/SF
NOI
$16.5K $6.59/SF
Area
Daviess County, KY
Vacancy
7.69%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,200
Cap Rate 7%
$235,857
Cap Rate 9%
$183,444
Alternative Uses
Best Use
Multifamily LT 5
$235.9K
$206.4K – $275.2K
NOI $16,510 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$218.3K
$191.0K – $254.7K
NOI $15,283 @ 7.0% cap · market cap 8.05%
Theoretical Best
Specialty Retail
$448.6K
$392.5K – $523.4K
NOI $31,401 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,343
Businesses Nearby
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Business Placement
Demographics for 42303, KY
41,877
Population
18,055
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
89%
High-School Grad
48.8 sq mi
ZIP Area
858
Density / Sq Mi
$63,010
Median Household Income
$41,272
Median Earnings
$941
Median Rent
$183,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines two two-bedroom apartments with a studio, with renovations completed in the upstairs apartment and studio.
Where is this triplex located?
The property is located at 507 Saint Ann St. Owensboro, KY.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 2,505‑square‑foot triplex built in 1906; Two two‑bedroom, one‑bath apartments plus a studio; Renovated upstairs apartment includes kitchen and bathroom improvements
