Apartment Building

Central City, KY Apartment Buildings for Sale

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27-Unit Apartment Building
Updated: Mar 17, 2025
27-Unit Apartment Building

1213 W Reservoir Avenue, Central City, KY 42330

$1,200,000
1.90 AC lot
27 units on approximately 1.9 acres
Renovated approximately 6 years ago
100% occupied with consistent rental history
Majority of PTAC heat/air units replaced
On‑site coin laundry
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27-Unit Apartment Building
Updated: Mar 19, 2025
27-Unit Apartment Building

1213 W Reservoir Avenue, Central City, KY 42330

$1,200,000
17,000 sqft
27 units across approximately 1.9 acres
17,000 SF apartment property built in 1977
Renovated approximately 6 years ago
Majority of PTAC heat/air units replaced; exterior painted
Coin laundry on site
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Central City, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

6-Unit Apartment Building with Updates
6-Unit Apartment Building with Updates

702 S Clay St, Hopkinsville, KY 42240

$125,000
5,440 sqft

Downtown multifamily property with refreshed building systems and individually equipped rental units.

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Apartment Building with Parking Lot
Apartment Building with Parking Lot

101 Longview Drive, Russellville, KY 42276

$3,350,000
3.00 AC lot

Well-maintained multifamily property on three acres with a metal roof and on-site parking.

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1980 Apartment Building
1980 Apartment Building

101 Longview Drive, Russellville, KY 42276

$3,350,000

Apartment property with hot-water service and master-metered utilities in Russellville.

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35-Unit Senior Housing Community
35-Unit Senior Housing Community

111 East 4th Street, Hopkinsville, KY 42240

Contact for pricing

Downtown senior housing with one- and two-bedroom units under an affordability restriction through 2035.

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Off-Market Properties in Central City, KY

Consider similar Off-Market properties in Central City, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

508 Broad St
HIGH-RISE APARTMENTS

508 Broad St, Central City, KY 42330-1566

Estimated value:
$565,000
6,360 sqft
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Central City, KY Apartment Buildings Market Trends and Statistics

Explore 3 apartment buildings for sale in Central City, KY on our real estate platform. These investment opportunities span a total of 17,000 square feet of properties for sale, with an estimated market value of $2,400,000.

Sale prices for two-family homes in Central City, KY average $1,200,000 — 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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Demographics Overview

Population 9,354
Population Growth (5Y) +4.4%
Median Household Income $47,904
College Educated 11.2%

High-Yield Neighborhoods for Investment

Identify Central City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
42330 $1.2M

Taxes & Financing

Tax Rate (average for all types) 0.96%
Property Tax per SF $11.70 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Muhlenberg County

New Delisted

Total CRE Inventory on Market (SF)

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