Mercer County, KY Apartment buildings for sale

Updated: Sep 11, 2025

Renovating Multifamily Former School

4314 Mackville Road, Harrodsburg, KY 40330

$562,500

6,933 sqft 5.60 AC lot

Former school building on 5.6 acres, built in 1930, currently at roughed‑in renovation stage for apartments.
Planned minimum 5 apartments with 10 bath/kitchen areas; unfinished/blank‑canvas setup for conversion.
Pro forma NOI of $57,438 (gross rental income $103,995, ~7% cap rate per appraisal).
Main building square footage listed as 6,933 SF (also referenced as 7,000 SF), not including two external structures.
Includes two additional buildings: former classroom and large garage (also referenced as “barn/shop” and “cafeteria or classroom”).

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Updated: Feb 7, 2025

19-Unit Income Apartment Building

202 S College Street, Harrodsburg, KY 40330

$475,000

8,008 sqft 0.19 AC lot

19‑unit income property in downtown Harrodsburg with approx. 8,000 sq ft building
Generates around $8,900/month in gross rent (historically ~90% occupancy with a reliable rent roll)
Originally built as a hospital; converted to apartments in the 1950s (current ownership since 1996)
New metal roof installed in 2024; updated plumbing/electrical and no known major deferred maintenance
Utilities and systems include gas boiler heat, window A/C units, and 300‑amp electrical service

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Renovating Apartment Building

4314 Mackville Rd, Harrodsburg, KY 40330

$562,500

6,933 sqft 5.60 AC lot

Former school building is roughed in for apartment units with planned bath/kitchen areas, plus two additional outbuildings.

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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 3 Active listings in Mercer 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

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

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

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

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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Mercer County, KY Apartment Buildings Market Trends and Statistics

Explore 3 apartment buildings for sale in Mercer County, KY, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 21,874 square feet of properties for sale, with an estimated market value of $1,600,000.

Sale prices for two-family homes in Mercer County, KY start at $475,000, averaging $533,333, and reaching up to $562,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.