4-Unit Quadplex with Front
For Sale
$199,900
809 E 5th Street, Owensboro, KY 42303
RESIDENTIAL, Traditional, Owensboro, KY
Property Size1,976 SF
Price / SF$101.16
Days on Market50
Property Features for 809 E 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 4
Patio and Porch features
Porch
Exterior features
Porch Front
Appliances
Range, Refrigerator
Subdivision
DOWNTOWN
Lot features
Plat
Elementary school
Estes Elementary School
Middle school
Owensboro Middle School
High school
OWENSBORO HIGH SCHOOL
Standard status
Active
Size
1,976 SF
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
1911
Floors in Building
2
Flooring type
Ceramic
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
L. Steve Castlen, REALTORS(R)
(270) 926-3500
Listed By:
Stacy Sturgeon · License #196692
(270) 929-8983
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 14 at 1:06PM
MLS# 95620
Copyright © 2026 Greater Owensboro Realtor® Association. 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.
This 1,976-square-foot quadplex contains four units, four bedrooms, and four bathrooms within a brick building constructed in 1911. The property features a front porch, ceramic flooring, shingle roofing, ranges, and refrigerators. Central air with electric cooling and forced-air heating serve the building.
The roof has been replaced, and the foundation has undergone inspection, correction, and improvement. Separate meters are in place, while the owner pays for water. Public water and public sewer serve the property. All four units are currently rented, providing an occupied residential income configuration at 809 E 5th Street in Owensboro.
The roof has been replaced, and the foundation has undergone inspection, correction, and improvement. Separate meters are in place, while the owner pays for water. Public water and public sewer serve the property. All four units are currently rented, providing an occupied residential income configuration at 809 E 5th Street in Owensboro.
Key Highlights
- All four units are rented
- 1,976 square feet on a 0.05‑acre lot
- Built in 1911 with brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,024
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,480
$260.5K
Cap Rate 7%
$186,057
$186.1K
Cap Rate 9%
$144,711
$144.7K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$20.2K $10.20/SF
− Vacancy
−$1.5K −$0.78/SF
EGI
$18.6K $9.42/SF
− OpEx
−$5.6K −$2.82/SF
NOI
$13.0K $6.59/SF
Area
Daviess County, KY
Vacancy
7.69%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,480
Cap Rate 7%
$186,057
Cap Rate 9%
$144,711
Alternative Uses
Best Use
Multifamily LT 5
$186.1K
$162.8K – $217.1K
NOI $13,024 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$172.2K
$150.7K – $200.9K
NOI $12,056 @ 7.0% cap · market cap 6.03%
Theoretical Best
Specialty Retail
$353.9K
$309.6K – $412.8K
NOI $24,770 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,511
Businesses Nearby
Explore this area
Business Placement
Demographics for 42303, KY
41,877
Population
18,055
Households
2.3
Avg Household Size
39
Median Age
26%
College-Educated
89%
High-School Grad
48.8 sq mi
ZIP Area
858
Density / Sq Mi
$63,010
Median Household Income
$41,272
Median Earnings
$941
Median Rent
$183,400
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?
Quadplex - Four occupied units have separate meters, ceramic tile flooring, and access to public water and sewer.
Where is this quadplex located?
The property is located at 809 E 5th Street Owensboro, KY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: All four units are rented; 1,976 square feet on a 0.05‑acre lot; Built in 1911 with brick construction
