Brick Duplex with Two-Car
New
For Sale
$399,000
Pending
94 W Vernon Ln, Fort Thomas, KY 41075
Two matching residences provide a practical layout for rental use or owner occupancy.
Property Size2,048 SF
Days on Market5
Property Features for 94 W Vernon Ln
General Information
Standard status
Pending
Size
2,048 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Construction
brick
Listing Agency:
Blue Chicken Realty
Listed By:
David Schneider · License #182125
(859) 743-8890
Source:
Exprealty
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:10PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick duplex contains 2,048 square feet across two identical units, each configured with two bedrooms and one full bathroom. A two-car garage adds covered vehicle storage, while the basement provides laundry and storage space.
The property is located in Fort Thomas and falls within the Fort Thomas school district.
The property is located in Fort Thomas and falls within the Fort Thomas school district.
Key Highlights
- Two matching units, each with 2 bedrooms and 1 full bathroom
- 2,048 square feet of building area
- Brick exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,445
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,900
$368.9K
Cap Rate 7%
$263,500
$263.5K
Cap Rate 9%
$204,944
$204.9K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$28.8K $14.04/SF
− Vacancy
−$2.4K −$1.17/SF
EGI
$26.4K $12.87/SF
− OpEx
−$7.9K −$3.86/SF
NOI
$18.4K $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 Rate 5%
$368,900
Cap Rate 7%
$263,500
Cap Rate 9%
$204,944
Alternative Uses
Best Use
Multifamily LT 5
$263.5K
$230.6K – $307.4K
NOI $18,445 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$243.0K
$212.7K – $283.5K
NOI $17,012 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$561.7K
$491.5K – $655.4K
NOI $39,322 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
692
Businesses Nearby
Explore this area
Business Placement
Demographics for 41075, KY
17,517
Population
6,851
Households
2.6
Avg Household Size
38
Median Age
55%
College-Educated
97%
High-School Grad
5.8 sq mi
ZIP Area
3,020
Density / Sq Mi
$99,075
Median Household Income
$52,262
Median Earnings
$1,096
Median Rent
$298,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences provide a practical layout for rental use or owner occupancy.
Where is this duplex located?
The property is located at 94 W Vernon Ln Fort Thomas, KY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two matching units, each with 2 bedrooms and 1 full bathroom; 2,048 square feet of building area; Brick exterior
