Duplex with Updated
For Sale
$245,000
508 W Maple St, Nicholasville, KY 40356
The property is positioned for renovation, with replacement windows and a newer roof already in place.
Property Size2,232 SF
Price / SF$109.77
Days on Market25
Property Features for 508 W Maple St
General Information
Standard status
Active
Size
2,232 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Listing Agency:
Kentucky Land and Home
Listed By:
Aaliyah Woodward
(859) 410-9523
Source:
Centralkentuckyhouses
Added: Sep 20
Changed: Oct 8
Last Checked: Oct 12 at 8:31PM
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 Kentucky Land and Home
Investment Insights
Based on property information with market context.
This 2,232-square-foot duplex offers a renovation project with two notable exterior updates: the roof was replaced in 2025, and the windows were changed in 2018. The property is located at 508 W Maple St in Nicholasville, Kentucky.
The seller is also marketing 408 W Maple Street and may consider a combined sale of both properties.
The seller is also marketing 408 W Maple Street and may consider a combined sale of both properties.
Key Highlights
- 2,232‑square‑foot duplex
- Roof installed in 2025
- Windows replaced in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,043
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,860
$380.9K
Cap Rate 7%
$272,043
$272.0K
Cap Rate 9%
$211,589
$211.6K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$28.4K $12.72/SF
− Vacancy
−$1.2K −$0.53/SF
EGI
$27.2K $12.19/SF
− OpEx
−$8.2K −$3.66/SF
NOI
$19.0K $8.53/SF
Area
Jessamine County, KY
Vacancy
4.18%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,860
Cap Rate 7%
$272,043
Cap Rate 9%
$211,589
Alternative Uses
Best Use
Multifamily LT 5
$272.0K
$238.0K – $317.4K
NOI $19,043 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$243.4K
$213.0K – $284.0K
NOI $17,040 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$565.7K
$495.0K – $660.0K
NOI $39,597 @ 7.0% cap · market cap 16.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Explore this area
Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - The property is positioned for renovation, with replacement windows and a newer roof already in place.
Where is this duplex located?
The property is located at 508 W Maple St Nicholasville, KY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 2,232‑square‑foot duplex; Roof installed in 2025; Windows replaced in 2018
