Remodeled
New
For Sale
$275,000
746 Columbia St, Newport, KY 41071
Both residences feature updated kitchens and bathrooms, durable flooring, and refreshed interior finishes.
Property Size2,108 SF
Price / SF$130.46
Days on Market2
Property Features for 746 Columbia St
General Information
Standard status
Active
Size
2,108 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
Huff Realty - Florence
Listed By:
Deron Schell · License #231105
6405149
Source:
Lovdalgroup
Added: Oct 1
Last Checked: Oct 1 at 2:29PM
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 Huff Realty - Florence
Investment Insights
Based on property information with market context.
This 2,108-square-foot duplex, built in 1890, has been remodeled. Each residence includes luxury vinyl plank flooring, a kitchen with shaker cabinets, stainless steel appliances and granite countertops, plus an updated bathroom. Fresh paint and new hardware complete the interior updates.
The property is in Newport, within walking distance of the Levee and the Ovation development.
The property is in Newport, within walking distance of the Levee and the Ovation development.
Key Highlights
- 2,108‑square‑foot duplex built in 1890
- Both units have luxury vinyl plank flooring and remodeled bathrooms
- Kitchens feature shaker cabinets, stainless steel appliances, and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,985
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,700
$379.7K
Cap Rate 7%
$271,214
$271.2K
Cap Rate 9%
$210,944
$210.9K
Market Conditions
NOI Build-Up for 2,108 SF
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.
Gross rent
$29.6K $14.04/SF
− Vacancy
−$2.5K −$1.17/SF
EGI
$27.1K $12.87/SF
− OpEx
−$8.1K −$3.86/SF
NOI
$19.0K $9.01/SF
Area
Campbell County, KY
Vacancy
8.36%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,700
Cap Rate 7%
$271,214
Cap Rate 9%
$210,944
Alternative Uses
Best Use
Multifamily LT 5
$271.2K
$237.3K – $316.4K
NOI $18,985 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$250.1K
$218.9K – $291.8K
NOI $17,510 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$578.2K
$505.9K – $674.6K
NOI $40,474 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,975
Businesses Nearby
Explore this area
Business Placement
Demographics for 41071, KY
19,796
Population
10,883
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
3,599
Density / Sq Mi
$58,329
Median Household Income
$44,836
Median Earnings
$1,047
Median Rent
$186,000
Median Home Value
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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?
Duplex - Both residences feature updated kitchens and bathrooms, durable flooring, and refreshed interior finishes.
Where is this duplex located?
The property is located at 746 Columbia St Newport, KY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 2,108‑square‑foot duplex built in 1890; Both units have luxury vinyl plank flooring and remodeled bathrooms; Kitchens feature shaker cabinets, stainless steel appliances, and granite countertops
