Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Leased Fourplex Investment Title is generated by Realmo AI

    554 Lost Woods Avenue, Bowling Green, KY 42101

    View on Map
    Claim this Listing
    For Sale
    $440,000

    MULTI_FAMILY - Bowling Green, KY

    Lot size:
    0.31 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    46
    Last Refresh:
    Jun 4 at 3:06 pm

    Property Features for 554 Lost Woods Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    8
    Rooms
    Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 7, Bedroom 5, Bathroom 5, Bathroom 8, Bedroom 8, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 6, Bathroom 4, Bedroom 2, Bathroom 3
    Parking features
    Parking Lot
    Patio and Porch features
    Patio
    Exterior features
    Concrete Walks, Landscaping, Patio
    Standard status
    Active
    Lot size
    0.31 Acres

    Building Details

    Year built
    1993
    Number of units
    4
    Roof type
    Membrane

    We can help!

    Listing Contact
    Justin Watt

    Listing agent Justin Watt License #209672

    Listing office Keller Williams First Choice R 1550 Westen St., Bowling Green, KY

    Listing date Apr 20, 2026

    MLS# RA20262259 Listing URL

    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.

    HighLights

    • Fourplex built in 1993
    • All 4 units are currently rented
    • Each unit features a 2‑bedroom, 1.5‑bathroom floor plan
    • Membrane roof
    • On‑site parking lot plus patio
    • Exterior features include concrete walks and landscaping

    Overview

    This fourplex is offered for sale as a fully occupied, income-generating residential property. All four units are currently rented, and each unit features the same functional floor plan with two bedrooms and 1.5 bathrooms.

    The property is located at 554 Lost Woods Avenue in Bowling Green, Kentucky 42101, in Warren County. The address provides direct access for prospective buyers, and the single asset configuration supports straightforward ownership across all four units.

    For investors or owner-operators seeking a stabilized multi-family structure, the consistency of the unit mix is a practical advantage. Because all units are already leased, buyers can evaluate the property as an operating four-unit investment rather than a vacancy-to-lease scenario. The uniform two-bedroom, 1.5-bath layouts may also simplify tenant turnover and leasing considerations relative to a more varied unit mix.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.4734
    Latitude
    36.9576684

    Nearby Similar for Sale

    • $1,250,000
      8,819 SF

      Insulated Warehouse in Bowling Green

      8819 SF warehouse in industrial park, ideal for manufacturing.
      2737 Pioneer Drive, Bowling Green, KY 42104
      View Details
    • $889,500

      Move-in Ready Office Space

      Office space equipped for healthcare operations in Bowling Green, KY.
      996 Wilkinson Trace, Bowling Green, KY 42103
      View Details
    • $362,500

      Bowling Green Leased Office Space

      Leased 2,000 SF office space in downtown Bowling Green.
      728 College Street, Bowling Green, KY 42101
      View Details
    • $1,695,000

      Modern Office Building on Scottsville Road

      Multi-tenant office building in Bowling Green, fully occupied and well-located.
      6115 Scottsville Road, Bowling Green, KY 42104
      View Details
    • $349,900

      Bowling Green Commercial Building For Sale

      Commercial building near WKU campus with long-term tenant.
      1403 Adams Street, Bowling Green, KY 42101
      View Details
    • $2,495,000

      Warehouse and Office Space Building

      20,000 Sq Ft warehouse and office space on 1 acre.
      1349 Adams Street, Bowling Green, KY 42101
      View Details
    • $424,900

      Updated Property on High-Traffic Bypass

      Updated property near WKU, ideal for business or residential use.
      1338 US 31 W Bypass, Bowling Green, KY 42101
      View Details
    • $1,990,000

      Office/Warehouse on 1.91 Acres

      14,500 SF office/warehouse near I-65 and Transpark.
      550 Kelly Road, Bowling Green, KY 42101
      View Details
    • $4,500,000

      Bowling Green Commercial Opportunity

      Prime commercial property in high-demand Bowling Green retail corridor.
      2625 Scottsville Road, Bowling Green, KY 42104
      View Details
    • $179,900

      Historic General Store Opportunity

      Landmark general store with restaurant and salon equipment included.
      7455 Plano Road, Bowling Green, KY 42104
      View Details
    • $2,125,000

      Two 8-Plex Apartment Buildings

      Two eight-unit apartment buildings totaling 16 two-bedroom, two-bath units, built 2014-2015.
      415 & 429 Upper Stone Avenue, Bowling Green, KY 42101
      View Details
    • $325,000

      Hadley Store & Grill Opportunity

      Unique commercial property with store, restaurant, shop, and storage.
      12111 Morgantown Road, Bowling Green, KY 42101
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four fully occupied units, each with a consistent two-bedroom 1.5-bath layout, offered for sale.
    Where is this quadplex located?
    The property is located at 554 Lost Woods Avenue Bowling Green, KY.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: Fourplex built in 1993; All 4 units are currently rented; Each unit features a 2‑bedroom, 1.5‑bathroom floor plan
    (270) 202-6147
    We can help!
    Listing Contact
    Justin Watt
    Real Estate License ID: 209672
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    554 Lost Woods Avenue, Bowling Green, KY 42101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!