Updated Two-Unit
510 Glen Lily Road, Bowling Green, KY 42101
For Sale
$169,900
Multi-Family, Bowling Green, KY
Property Size1,464 SF
Lot Size0.24 Acres
Price / SF$116.05
Days on Market54
Property Features for 510 Glen Lily Road
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Exterior features
Lot features
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
Lot size
Utilities
Water source
Building Details
Year built
Number of units
Roof type
Listing Agency:
Keller Williams First Choice R · Keller Williams Realty
(270) 782-1811
Listed By:
Claire Fuqua · License KY #294601
(270) 935-7531
Added: Sep 22
Changed: Nov 13
Last Checked: Nov 14 at 1:06AM
MLS# RA20265751
Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. 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 1,464-square-foot duplex contains two distinct residences under one roof. The lower unit has 2 bedrooms and 1 bathroom, while the upper unit provides 1 bedroom and 1 bathroom. Flooring and paint have been updated, and the separate living areas support independent household layouts. Built in 1997, the property sits on a 0.24-acre lot with mature trees, a shingle roof, and public water service.
Located at 510 Glen Lily Road in Bowling Green, the property is near Downtown Bowling Green and offers access to shopping, dining, Western Kentucky University, and everyday amenities. The two-unit configuration provides two residential spaces within a single property.
Located at 510 Glen Lily Road in Bowling Green, the property is near Downtown Bowling Green and offers access to shopping, dining, Western Kentucky University, and everyday amenities. The two-unit configuration provides two residential spaces within a single property.
Key Highlights
- Two‑unit duplex with approximately 1,464 square feet
- Lower residence includes 2 bedrooms and 1 bathroom
- Upper residence includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,771
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,420
$275.4K
Cap Rate 7%
$196,729
$196.7K
Cap Rate 9%
$153,011
$153.0K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$20.9K $14.28/SF
− Vacancy
−$1.2K −$0.84/SF
EGI
$19.7K $13.44/SF
− OpEx
−$5.9K −$4.03/SF
NOI
$13.8K $9.41/SF
Area
Warren County, KY
Vacancy
5.90%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,420
Cap Rate 7%
$196,729
Cap Rate 9%
$153,011
Alternative Uses
Best Use
Multifamily LT 5
$196.7K
$172.1K – $229.5K
NOI $13,771 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$183.6K
$160.6K – $214.2K
NOI $12,851 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$323.3K
$282.9K – $377.2K
NOI $22,633 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
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Business Placement
Demographics for 42101, KY
64,444
Population
26,062
Households
2.5
Avg Household Size
30
Median Age
20%
College-Educated
83%
High-School Grad
281.0 sq mi
ZIP Area
229
Density / Sq Mi
$49,045
Median Household Income
$26,564
Median Earnings
$905
Median Rent
$188,200
Median Home Value
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Market
Properties on Market for Duplexes in Bowling Green
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences with refreshed flooring and paint provide flexible rental layouts near downtown amenities.
Where is this duplex located?
The property is located at 510 Glen Lily Road Bowling Green, KY.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,464 square feet; Lower residence includes 2 bedrooms and 1 bathroom; Upper residence includes 1 bedroom and 1 bathroom
