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    Florence Multifamily Investment Opportunity
    Updated: Oct 31, 2025
    Florence Multifamily Investment Opportunity

    7402 Shenandoah Drive, Florence, KY 41042

    $1,000,000
    7,928 sqft 1.35 AC lot
    Eight townhome units at 7402‑7416 Shenandoah Dr with a mix of 1‑4 bedroom floor plans
    Private patios and washer/dryer hookups included in each unit
    Tenants pay all utilities; landlord covers storm water and trash pick‑up
    Central air with natural gas forced‑air heating
    Brick and vinyl siding exterior with a shingle roof (year built: 1970)
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    This listing looks promising.

    Here's a quick look at some key insights for

    7402 Shenandoah Drive, Florence, KY 41042

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    • Est. Cap Rate

      5.9%
      NOI ÷ price

    • Est. NOI

      $59K
      Annual

    • Price @ 7% Cap

      $839K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1970
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Boone County, KY, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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    Boone County, KY Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Boone County, KY on our real estate platform. These investment opportunities span a total of 7,928 square feet of properties for sale, with an estimated market value of $1,000,000.

    Sale prices for two-family homes in Boone County, KY start at $1,000,000, averaging $1,000,000, and reaching up to $1,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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