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Henderson, KY Apartment Buildings for Sale

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Henderson Multifamily Turnkey Community
Updated: May 19
Henderson Multifamily Turnkey Community

242 Shenandoah Place, Henderson, KY 42420

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26,700 sqft
Turnkey multifamily community with approximately $600,000 in recent and ongoing capital improvements.
Spacious townhome‑style floorplans averaging 1,205 square feet.
Renovated kitchens feature granite countertops, new cabinetry, updated flooring, and modern fixtures.
New roofs and renovated interiors throughout.
Minimal near‑term capital needs due to ongoing improvements expected to be completed prior to closing.
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Affordable Multifamily Housing Community
Updated: Jul 7
Affordable Multifamily Housing Community

2718 Zion Road, Henderson, KY 42420

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40,640 sqft
48‑unit affordable housing community built in 1998 in Henderson, Kentucky (Evansville, IN MSA)
All units are 2- and 3‑bedroom floor plans with in‑unit washer/dryer connections
91.67% occupancy reported
Approximately $17,300 per unit in capital improvements, including flooring, appliances, asphalt overlay, siding, roofs, entry doors, and HVAC replacements
Scheduled 2028 LIHTC restriction expiration with no decontrol period provisions noted
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Value-Add Multifamily Portfolio
Value-Add Multifamily Portfolio

2650 Sunset Ln, Henderson, KY 42420

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Henderson, KY apartment portfolio with spacious units and interior renovation upside, with noted rent growth momentum in the market.

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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 20 Potential Opportunities for your consideration. Besides 3 Active listings in Henderson, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 9 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

16-Unit Apartment Building with 2-Bed Units
16-Unit Apartment Building with 2-Bed Units

620 Oak Park Boulevard, Calvert City, KY 42029

$1,400,000
19,136 sqft

Sixteen-unit multifamily property with 2-bedroom, 1-bath layouts, offered for sale in Calvert City.

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24-Unit Apartment Complex
24-Unit Apartment Complex

2501 Pollack Ave, Evansville, IN 47714

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16,965 sqft

Apartment complex with 3 two-story buildings and separately metered electric service, plus coin laundry income.

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1 Story, Five Or More - Calvert City, KY
1 Story, Five Or More - Calvert City, KY

620 South Main St, Calvert City, KY 42029

$959,900

Eight-unit multifamily property with high occupancy and rental upside.

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Brick 14-Unit Apartment Building
Brick 14-Unit Apartment Building

1510 SE Riverside Dr, Evansville, IN 47713

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Fourteen-unit brick apartment building with recent updates and a roof installed in 2016.

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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

$650,000
1.33 AC lot

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

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Ocean Springs Highway 90 Land
Ocean Springs Highway 90 Land

Bienville Blvd, Ocean Springs, MS 39564

$675,000
143,748 sqft 3.30 AC lot

3.3 acre commercial land on Highway 90, Ocean Springs.

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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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Off-Market Properties in Henderson, KY

Consider similar Off-Market properties in Henderson, 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.

738 1st St
APARTMENT HOUSE (UNDER 5 UNITS)

738 1st St, Henderson, KY 42420-5916

$115,000
Estimated value
6,002 sqft 0.06 AC lot
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114 Powell St
APARTMENT HOUSE (UNDER 5 UNITS)

114 Powell St, Henderson, KY 42420-3580

$270,000
Estimated value
5,113 sqft 0.50 AC lot
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2921 Us Hwy 60th E
APARTMENT HOUSE (UNDER 5 UNITS)

2921 Us Hwy 60th E, Henderson, KY 42420-2286

$325,000
Estimated value
2,097 sqft 0.32 AC lot
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15 Lincoln Ave
Multifamily properties

15 Lincoln Ave, Henderson, KY 42420

Value Estimation by Request
0.67 AC lot
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222 Shenandoah Pl
Multifamily properties

222 Shenandoah Pl, Henderson, KY 42420

Value Estimation by Request
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1629 Main St
Multifamily properties

1629 Main St, Henderson, KY 42420

Value Estimation by Request
129,416 sqft 13.85 AC lot
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126 William And Mary Ct
Multifamily properties

126 William And Mary Ct, Henderson, KY 42420

Value Estimation by Request
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13364 Us Hwy 41a
APARTMENT HOUSE (5+ UNITS)

13364 Us Hwy 41a, Henderson, KY 42420-9645

Value Estimation by Request
1.09 AC lot
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602 1st St
APARTMENT HOUSE (UNDER 5 UNITS)

602 1st St, Henderson, KY 42420-5915

Value Estimation by Request
7,260 sqft 0.12 AC lot
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Henderson, KY Apartment Buildings Market Trends and Statistics

Explore 12 apartment buildings for sale in Henderson, KY, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 67,340 square feet of properties for sale.

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Demographics Overview

Population 38K
Population Growth (5Y) +0.1%
Median Household Income $56,661
College Educated 13.3%

Taxes & Financing

Tax Rate (average for all types) 7.96%
Property Tax per SF $25.01 per SF
Tax Rate vs County Average 0.17 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Henderson County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Henderson fall within the 25,000 to 50,000 square foot range.

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