510-512 N Central Avenue, Nicholasville, KY 40356
MULTI_FAMILY - Nicholasville, KY
- Added:
- Jan 27, 2026
- Days on Market:
- 159
- Last Refresh:
- Jul 5 at 2:06 am
Property Features for 510-512 N Central Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 3, Bathroom 2
- Standard status
- Active
- APN
- 058-30-07-051.00
- Size
- 2,176 SF
- Lot size
- 0.51 Acres
Utilities
- Utilities
- Water Available
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
Building Details
- Year built
- 2024
- Floors in Building
- 2
- Number of units
- 2
Listing agent Maggie C Taylor License #5e3678 (859) 396-2179
Listing office RE/MAX Creative Realty 2808 Palumbo Drive, Lexington, KY (859) 422-2000
Listing date Jan 27, 2026
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.
HighLights
- Newly completed duplex built in 2024, with each side featuring two spacious bedrooms and 1.5 bathrooms
- Open living concept on each unit, plus luxury vinyl plank flooring on the first level
- Each side includes beautiful cabinetry and access to the rear yard
- Utilities/services include city sewer and city water
- Heating and cooling are electric heat pump systems on each side, with electric water heaters
Overview
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 | $27.7k | $12.72 |
| − Vacancy | −$1.2k | −$0.53 |
| EGI | $26.5k | $12.19 |
| − OpEx | −$8.0k | −$3.66 |
| NOI | $18.6k | $8.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Nicholasville
- County
- Jessamine
- State
- Kentucky
- Longitude
- -84.566026
- Latitude
- 37.884156
