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    Rowan County, KY Apartment Buildings for Sale

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    Louisville, KY Bowling Green, KY Lexington, KY
    48-Unit Multifamily Investment Opportunity
    $3,500,000
    37,386 SF
    48-Unit Multifamily Investment Opportunity

    300 Pine Ridge Drive, Morehead, KY 40351

    Multifamily property with stable demand and peaceful natural setting.
    • 48‑unit multifamily property offering scale and investment potential.
    • Consistent occupancy potential and dependable income streams through HUD housing.
    • Balanced unit mix with one, two, and three‑bedroom units to support diversified rental demand.
    • Peaceful, private setting on 4 acres surrounded by 36 wooded acres.
    • On‑site amenities include a dedicated management office and tenant laundry facility.
    Updated: Feb 5
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    Student Housing Community Near MSU
    $12,535,000
    Student Housing Community Near MSU

    101 Lois Lane, Morehead, KY 40351

    Stabilized student housing community near Morehead State University.
    • High‑performing asset with a current NOI of $962,004 and a 7.67% cap rate, offered at $12,535,000, with a projected 10%+ cash‑on‑cash return for year 1.
    • Fully stabilized, 110‑unit purpose‑built student housing community serving Morehead State University.
    • Significant recent upgrades totaling $2.55M+, including new roofing, HVAC systems, appliances, parking lots, plumbing, lighting, flooring, and interior finishes.
    • Proven demand and strong leasing performance supported by MSU's enrollment and limited competition in the market.
    • Achieves an average rent of $1,005 per unit, positioning the property at the top of the local student housing market.
    Updated: Mar 5
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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Rowan County, KY, we suggest exploring several alternatives: similar 1 Off-Market properties to explore as potential leads, 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
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806

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    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

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

    71 Salters Road, Greenville, SC 29607

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    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres
    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215

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    Land Near Shepherd University
    $650,000
    3.70 Acres
    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

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    Off-Market Properties in Rowan County, KY

    Consider similar Off-Market properties in Rowan County, 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.

    9425 Brown Ridge Rd
    Individual retail properties
    5,568 SF Lot: 1.84 Acres
    Value Estimation by Request

    9425 Brown Ridge Rd, Morehead, KY 40351

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    Rowan County, KY Apartment Buildings Investment Opportunities Market Analysis

    Explore 3 apartment buildings for sale in Rowan County, KY on our real estate platform. These investment opportunities span a total of 37,386 square feet of properties for sale, with an estimated market value of $3,500,000.

    Sale prices for two-family homes in Rowan County, KY start at $3,500,000, averaging $3,500,000, and reaching up to $3,500,000 — 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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