Apartment Building with Exterior
For Sale
$949,900
725 E College St, Georgetown, KY 40324
Corner-lot property with individually accessed rental units.
Property Size6,273 SF
Price / SF$151.43
Days on Market83
Property Features for 725 E College St
General Information
Standard status
Active
Size
6,273 SF
Property subtype
Multi-Family
Units
Unit Mix
10 x 2BR/1BA
Multifamily Units
10
Building Details
Year Built
1948
Listing Agency:
Keller Williams Commonwealth
Listed By:
Ashley Spencer · License #247991
(606) 560-0239
Source:
Meliarealty
Added: Jul 24
Changed: Oct 4
Last Checked: Oct 7 at 5:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Commonwealth
Investment Insights
Based on property information with market context.
This 6,273-square-foot apartment property contains 10 units, each arranged with 2 bedrooms and 1 bath. Individual exterior entrances serve the apartments, creating separate access for occupants and property operations. Unit layouts include living space, a kitchen, a bedroom area, and a full bathroom. Built in 1948, the property is configured as a multifamily asset rather than a single residence.
The property is located at 725 E College St in Georgetown, Kentucky, on a corner lot. Nearby street parking and access to surrounding neighborhoods are also part of the setting. The combination of unit count, consistent floor plans, and separate exterior access provides a straightforward apartment-building configuration for review.
The property is located at 725 E College St in Georgetown, Kentucky, on a corner lot. Nearby street parking and access to surrounding neighborhoods are also part of the setting. The combination of unit count, consistent floor plans, and separate exterior access provides a straightforward apartment-building configuration for review.
Key Highlights
- 10 apartment units, each with 2 bedrooms and 1 bath
- 6,273 SF multifamily property
- Individual exterior entrances for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,892
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,840
$957.8K
Cap Rate 7%
$684,171
$684.2K
Cap Rate 9%
$532,133
$532.1K
Market Conditions
NOI Build-Up for 6,273 SF
Gross rent
$91.1K $14.52/SF
− Vacancy
−$4.0K −$0.64/SF
EGI
$87.1K $13.88/SF
− OpEx
−$39.2K −$6.25/SF
NOI
$47.9K $7.63/SF
Area
Scott County, KY
Vacancy
4.40%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,840
Cap Rate 7%
$684,171
Cap Rate 9%
$532,133
Alternative Uses
Best Use
Apartment 5plus
$684.2K
$598.7K – $798.2K
NOI $47,892 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,288 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
Explore this area
Business Placement
Demographics for 40324, KY
51,035
Population
20,570
Households
2.5
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
155.1 sq mi
ZIP Area
329
Density / Sq Mi
$83,012
Median Household Income
$47,619
Median Earnings
$1,188
Median Rent
$262,700
Median Home Value
Check the figures for this property
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?
Apartment building - Corner-lot property with individually accessed rental units.
Where is this apartment building located?
The property is located at 725 E College St Georgetown, KY.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 10 apartment units, each with 2 bedrooms and 1 bath; 6,273 SF multifamily property; Individual exterior entrances for each unit
