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    Georgetown, KY Lexington, KY Millersburg, KY N Middletown, KY Carlisle, KY Cynthiana, KY Winchester, KY Sadieville, KY
    Historic Income Property in Paris
    Updated: Apr 12
    Historic Income Property in Paris

    339 Main Street, Paris, KY 40361

    $1,650,000
    10,362 sqft 0.09 AC lot
    Historic income‑producing property in Downtown Paris, KY.
    Multiple long‑term leases in place with street‑level tenants.
    Three 1‑bedroom/1‑bath apartments with full kitchens and laundry hookups, serviced by an elevator.
    Also includes 3 Ardery Place and 5 Ardery Place, offering additional office and residential rental opportunities.
    Five dedicated parking spaces plus ample street parking, including handicapped spaces.
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    This listing looks promising.

    Here's a quick look at some key insights for

    339 Main Street, Paris, KY 40361

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $146K
      Annual

    • Mortgage

      $500K
      Apr 2025

    • Last Sold

      Apr 2025
      $750K
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Paris, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Rented Multifamily Property with Parking
    Rented Multifamily Property with Parking

    287 Young Street, Georgetown, KY 40324

    $1,500,000
    1,000 sqft 0.54 AC lot

    An 11-unit rental property in Georgetown with on-site parking and an included vacant lot for expansion.

    View details
    Leased Townhome Portfolio
    Leased Townhome Portfolio

    100 Old Lemons Mill Court, Georgetown, KY 40324

    $1,700,000
    1,152 sqft 0.83 AC lot

    Seven fully leased, newly updated townhomes with 3 bedrooms and 1.5 baths each, offering a turnkey income stream.

    View details
    Lexington Mixed-Use Investment Opportunity
    Lexington Mixed-Use Investment Opportunity

    109-119 N Mill Street, Lexington, KY 40507

    $2,600,000
    11,000 sqft 0.10 AC lot

    Six apartments and two retail storefronts in three buildings.

    View details
    Luxury Chevy Chase Multifamily Property
    Luxury Chevy Chase Multifamily Property

    319 Duke Rd, Lexington, KY 40502

    $5,100,000
    23,216 sqft

    High-end 24-unit property in Lexington's desirable Chevy Chase neighborhood.

    View details

    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.

    View details
    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.

    View details
    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.

    View details

    Paris, KY Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Paris, KY on our real estate platform. These investment opportunities span a total of 10,362 square feet of properties for sale, with an estimated market value of $1,650,000.

    Sale prices for two-family homes in Paris, KY average $1,650,000 — 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 18K
    Population Growth (5Y) -0.6%
    Median Household Income $57,074
    College Educated 18.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    40361 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 0.80%
    Property Tax per SF $7.78 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Bourbon County

    New Delisted

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