Two-Unit
For Sale
$485,000
855 Starr Hill Rd, Paducah, KY 42003
Separate parking serves each residence, and the lower unit has step-free ground-level access.
Property Size3,400 SF
Lot Size1.30 Acres
Price / SF$142.65
Days on Market8
Property Features for 855 Starr Hill Rd
General Information
Standard status
Active
Size
3,400 SF
Lot size
1.30 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
covered front porch
back patio
lawn
Building Details
Year Renovated
2024
Buildings
1
Listing Agency:
HRE Advisors
(270) 705-5355
Listed By:
Kelly Hack · License #275758
(270) 331-4038
Source:
Exprealty
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 13 at 2:30AM
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 HRE Advisors
Investment Insights
Based on property information with market context.
This 3,400-square-foot duplex contains two independent residences. The upper unit has 3 bedrooms, 2 bathrooms, and a covered front porch; the lower unit has 2 bedrooms, 1 bathroom, and step-free access at ground level. A 2024 remodel updated the property, which also has a metal roof, hardwood floors, tiled kitchen backsplashes, and updated bath vanities.
The property occupies 1.3 acres, with a back patio and lawn. Gravel parking serves the upper residence, while the lower unit has paved parking. Active leases are in place.
The property occupies 1.3 acres, with a back patio and lawn. Gravel parking serves the upper residence, while the lower unit has paved parking. Active leases are in place.
Key Highlights
- 3,400‑square‑foot duplex with two residences
- Upper unit has 3 bedrooms, 2 bathrooms, and a covered front porch
- Lower unit has 2 bedrooms, 1 bathroom, and step‑free ground‑level access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,685
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,700
$613.7K
Cap Rate 7%
$438,357
$438.4K
Cap Rate 9%
$340,944
$340.9K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$47.7K $14.04/SF
− Vacancy
−$3.9K −$1.15/SF
EGI
$43.8K $12.89/SF
− OpEx
−$13.2K −$3.87/SF
NOI
$30.7K $9.03/SF
Area
McCracken County, KY
Vacancy
8.17%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,700
Cap Rate 7%
$438,357
Cap Rate 9%
$340,944
Alternative Uses
Best Use
Multifamily LT 5
$438.4K
$383.6K – $511.4K
NOI $30,685 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$398.5K
$348.7K – $464.9K
NOI $27,894 @ 7.0% cap · market cap 5.75%
Theoretical Best
Warehouse
$708.4K
$619.9K – $826.5K
NOI $49,589 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 42003, KY
28,592
Population
14,132
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
414
Density / Sq Mi
$54,052
Median Household Income
$33,566
Median Earnings
$696
Median Rent
$160,700
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 - Separate parking serves each residence, and the lower unit has step-free ground-level access.
Where is this duplex located?
The property is located at 855 Starr Hill Rd Paducah, KY.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 3,400‑square‑foot duplex with two residences; Upper unit has 3 bedrooms, 2 bathrooms, and a covered front porch; Lower unit has 2 bedrooms, 1 bathroom, and step‑free ground‑level access
