Four-Unit Multifamily
For Sale
$299,000
808 Isabella Street, Newport, KY 41071
Three units are occupied, while the fourth is vacant.
Property Size3,222 SF
Price / SF$92.80
Days on Market8
Property Features for 808 Isabella Street
General Information
Standard status
Active
Size
3,222 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Listing Agency:
Blue Chicken Realty
Listed By:
Elizabeth Rossi
(859) 308-0858
Source:
Exprealty
Added: Oct 28
Changed: Nov 3
Last Checked: Nov 3 at 2:28PM
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 Blue Chicken Realty
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Investment Insights
Based on property information with market context.
The 3,222-square-foot multifamily property at 808 Isabella Street contains four units. Three are occupied, and one is vacant.
The property is in Newport, Kentucky, near local amenities and major roadways.
The property is in Newport, Kentucky, near local amenities and major roadways.
Key Highlights
- Four‑unit multifamily property
- 3,222 square feet
- Three occupied units and one vacant unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,764
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,280
$535.3K
Cap Rate 7%
$382,343
$382.3K
Cap Rate 9%
$297,378
$297.4K
Market Conditions
NOI Build-Up for 3,222 SF
Gross rent
$53.4K $16.56/SF
− Vacancy
−$4.7K −$1.46/SF
EGI
$48.7K $15.10/SF
− OpEx
−$21.9K −$6.80/SF
NOI
$26.8K $8.31/SF
Area
Campbell County, KY
Vacancy
8.80%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,280
Cap Rate 7%
$382,343
Cap Rate 9%
$297,378
Alternative Uses
Best Use
Multifamily LT 5
$414.6K
$362.7K – $483.7K
NOI $29,019 @ 7.0% cap · market cap 9.71%
Second Best
Apartment 5plus
$382.3K
$334.6K – $446.1K
NOI $26,764 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$883.7K
$773.3K – $1.03M
NOI $61,862 @ 7.0% cap · market cap 20.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,863
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
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
Frequently Asked Questions
What type of property is this?
Quadplex - Three units are occupied, while the fourth is vacant.
Where is this quadplex located?
The property is located at 808 Isabella Street Newport, KY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Four‑unit multifamily property; 3,222 square feet; Three occupied units and one vacant unit
