Single-Family Home with Covered
516B Lincoln Avenue Elizabethtown, KY 42701
516B Lincoln Avenue, Elizabethtown, KY, 42701
$219,900
For Sale
$219,900
SINGLE_FAMILY - Elizabethtown, KY
Property Size1,050 SF
Lot Size0.13 Acres
Price / SF$209.43
Days on Market130
Property Features for 516B Lincoln Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
- Window features
- Blinds
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s)
- Exterior features
- Covered Patio
- Standard status
- Active
- Size
- 1,050 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 2009
- Flooring type
- Laminate
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Weichert Realtors Lawson Collective
(270) 982-1155
1690 Ring Rd Ste 110, Elizabethtown, KY
Listed by
Gale Neagle · License #206175
(270) 268-5408
Added: Mar 11 Checked: Jul 18 at 6:06 pm
MLS# HK2600927
Listing URL
Copyright © 2026 Heart of Kentucky Association of Realtors. 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.
Located at 516B Lincoln Avenue in Elizabethtown, this single-family home offers one-level living with 2 bedrooms and 2 full bathrooms. The layout includes a spacious living room and is described as fresh, clean, and move-in ready. A covered back patio provides outdoor space for everyday use, and there is a one-car garage for parking or storage.
The property is listed with a lot size of 0.13 acres and a total interior size of 1,050 square feet.
For sale and positioned for convenient day-to-day access, the home is presented as a low-maintenance option with practical features for comfortable living.
The property is listed with a lot size of 0.13 acres and a total interior size of 1,050 square feet.
For sale and positioned for convenient day-to-day access, the home is presented as a low-maintenance option with practical features for comfortable living.
Key Highlights
- One‑level home built in 2009
- 2 bedrooms and 2 full bathrooms
- Covered patio with an additional patio area for outdoor relaxing
Local Financial Insights For Apartment 5plus
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 | $16.0k | $15.24 |
| − Vacancy | −$720 | −$0.69 |
| EGI | $15.3k | $14.55 |
| − OpEx | −$6.9k | −$6.55 |
| NOI | $8.4k | $8.00 |
1,050 SF · lease $15.24/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$120.1K
$105.1K – $140.1K
NOI $8,405 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$190.1K
$166.3K – $221.8K
NOI $13,306 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Single-level home with 2 bedrooms, 2 full baths, a covered back patio, and a one-car garage.
Where is this single family property located?
The property is located at 516B Lincoln Avenue Elizabethtown, KY.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: One‑level home built in 2009; 2 bedrooms and 2 full bathrooms; Covered patio with an additional patio area for outdoor relaxing
