Nicholasville, KY Apartment buildings for sale

Updated: Apr 17

Townhome Apartment Building

166-180 Heritage Drive, Nicholasville, KY 40356

$1,370,000

10,688 sqft · 0.51 AC lot

6‑townhome package sale available: Units 170–180 for $171,250 per door; Units 166–168 are under contract
All units are 2 bed, 1.5 bath townhomes with 1‑car garages
100% occupancy reported; mix of long‑term tenants and month‑to‑month tenants
Exterior updates include new roofs, new siding, new gutters, and new windows (over 40) plus several new AC units
Unfinished basements in 7 units; 8th basement used as a management office

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This listing looks promising.

Here's a quick look at some key insights for

166-180 Heritage Drive, Nicholasville, KY 40356

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Est. Cap Rate

6%
Above avg (5.9%)
Est. NOI

$82K
Annual
Price @ 7% Cap

$1.17M
Suggested
Property Type

Single Family Residence
Built 1988

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Nicholasville, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

8-Unit Apartment Building

388 Redding Road, Lexington, KY 40517

$974,900

7,300 sqft · 0.27 AC lot

Turn-key eight-unit apartment building with 100% occupancy and recent roof, siding, window, and panel upgrades.

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Downtown Richmond Mixed-Use Opportunity

204-206 S 3rd Street, Richmond, KY 40475

$579,000

9,763 sqft · 0.19 AC lot

Mixed-use property with commercial income and residential upside.

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Richmond Mixed-Use Investment Opportunity

107 N Killarney Lane, Richmond, KY 40475

$649,900

2,200 sqft · 0.60 AC lot

Mixed-use property with retail space and apartments for sale.

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Multi-Family Investment Opportunity

108 Surfside Dr, Lexington, KY 40503

$875,000

12-unit multi-family building in high-demand submarket, priced for redevelopment.

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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

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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Off-Market Properties in Nicholasville, KY

Consider similar Off-Market properties in Nicholasville, 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.

Individual retail properties

4010 Lexington Rd, Nicholasville, KY 40356

Value Estimation by Request

5.00 AC lot

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Nicholasville, KY Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Nicholasville, KY on our real estate platform. These investment opportunities span a total of 10,688 square feet of properties for sale, with an estimated market value of $1,370,000.

Sale prices for two-family homes in Nicholasville, KY start at $1,370,000, averaging $1,370,000, and reaching up to $1,370,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
40356	$1.4M

Neighborhood

Average Price

40356

$1.4M

Nicholasville, KY Apartment Buildings for Sale

166-180 Heritage Drive, Nicholasville, KY 40356