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    Rowan County, KY Apartment Buildings for Sale

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    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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    Stabilized Student Housing Near MSU
    $12,535,000

    Stabilized Student Housing Near MSU

    Purpose-built student housing community near Morehead State University.

    101 Lois Lane, Morehead, KY 40351
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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 3 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
    View details
    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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    Explore 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

    9425 Brown Ridge Rd

    Individual retail properties • 5,568 SF
    Value Estimation by Request
    9425 Brown Ridge Rd, Morehead, KY 40351
    View details

    Rowan County, KY Apartment Buildings Investment Opportunities Market Analysis

    Explore 4 apartment buildings for sale in Rowan County, KY, showcased through 3 active listings 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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