Brick
For Sale
$245,000
508 W Maple Street, Nicholasville, KY 40356
Residential, Nicholasville, KY
Property Size2,232 SF
Lot Size0.67 Acres
Price / SF$109.77
Days on Market24
Property Features for 508 W Maple Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Utility Room, Bedroom 1, Basement, Laundry Room, Bathroom 1, Bathroom 2
Parking features
Driveway
Interior features
Primary First Floor
Fireplace
1
Basement
Partial, Interior Entry
Appliances
Gas Range, Microwave, Oven, Range, Gas Range, Microwave, Oven, Range
Subdivision
Downtown
Elementary school
Nicholasville
Middle school
West Jessamine Middle School
High school
West Jess HS
Elementary school district
Jessamine County - 9
Middle school district
Jessamine County - 9
High school district
Jessamine County - 9
Directions
Traveling south on Main Street through Nicholasville; right on Maple; house is on the left. Latitude: 37.880322 Longitude: -84.580429
Standard status
Active
APN
058-10-04-006.00
Size
2,232 SF
Lot size
0.67 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric, Window Unit(s)
Water source
Public
Building Details
Floors in Building
2
Flooring type
Tile, Vinyl, Hardwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
Kentucky Land and Home
(859) 351-6953
Listed By:
Aaliyah Woodward
(859) 410-9523
Added: Sep 14
Changed: Oct 2
Last Checked: Oct 7 at 12:06PM
MLS# 26026560
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex at 508 W Maple Street contains 2,232 square feet and sits on a 0.67-acre lot. The roof was replaced in 2025, and the windows were updated in 2018. Interior features include a first-floor primary bedroom, a fireplace, and tile, vinyl, and hardwood flooring. The property is presented as a renovation project.
Public water and sewer serve the property, with driveway parking. The seller would consider a combined sale with 408 W Maple Street, also listed for sale.
Public water and sewer serve the property, with driveway parking. The seller would consider a combined sale with 408 W Maple Street, also listed for sale.
Key Highlights
- 2,232 square feet in a brick duplex
- 0.67‑acre lot
- 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.
Property Analytics
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Current Use
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
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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 includes a recently replaced roof and windows, with renovation work available to shape the interior.
Where is this duplex located?
The property is located at 508 W Maple Street 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 feet in a brick duplex; 0.67‑acre lot; Roof installed in 2025; windows replaced in 2018
