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Apartment Building with Detached 4-Bed House
For Sale
$995,000

1105 State Route 121 N, Murray, KY 42071

Multi-Family, Murray, KY

Property SizeContact for details
Days on Market67

Property Features for 1105 State Route 121 N

General Information

Property type Residential Multi Family
Property subtype Other
Security features Security System
Interior features Security System, Smoke Alarm, Circuit Breakers
Exterior features Exterior Lights
Lot features Highway Frontage
Elementary school Calloway/Murray-VERIFY
Middle school Calloway/Murray-VERIFY
High school Calloway/Murray-VERIFY
Directions From Murray State University, turn left onto Chestnut St, Take a slight right onto Coldwater Rd,Left onto KY 121, 200 ft destination on left. For Sale Banner is on the property.
Subdivision Calloway
Standard status Active

Utilities

Utilities Natural Gas Available
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Flooring type Carpet, Wood, Tile - Ceramic
Building materials Frame
Listing Agency: Keller Williams Experience Realty Paducah Branch · Keller Williams Realty
Listed By: Crystal McCoy · License #265680
Added: Jun 22 Changed: Aug 21 Last Checked: Aug 27 at 7:06AM
MLS# 137271

Copyright © 2026 Western Kentucky Regional MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Apartment buildings setup across multiple structures on a single site, with interior features including a security system, smoke alarms, and circuit breakers. The main building is configured for shared living with a full kitchen, two bathrooms, bedrooms, and communal living/dining areas, and it offers 24 potential bedrooms with closets already installed in most rooms. Upstairs includes additional bedrooms, two bathrooms, a kitchenette, and common spaces. A rear building adds 6 more bedrooms, a kitchen, two bathrooms, and a central common area.

Also included is a detached 4-bed, 3-bath house with a basement and an attached garage, providing flexibility to rent by room or as a whole. Between the main structures and the detached house is a vacant lot that can support further expansion or development.

The property has forced-air heating and central air cooling, with natural gas available and public water service.

Key Highlights

  • Main building offers 24 potential bedrooms with closets installed in most rooms
  • Main floor includes a full kitchen, 2 bathrooms, and communal living/dining areas
  • Rear building adds 6 bedrooms, a kitchen, 2 bathrooms, and a central common area

Property Analytics

Current Use

Kingdom Services, Administrator ... Bank

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Carpet & Flooring Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

227
Businesses Nearby

Demographics for 42071, KY

29,703
Population
14,174
Households
2.1
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
209.0 sq mi
ZIP Area
142
Density / Sq Mi
$48,976
Median Household Income
$29,805
Median Earnings
$841
Median Rent
$188,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Frame apartment building with central air and a detached four-bedroom house with basement and attached garage.
Where is this apartment building located?
The property is located at 1105 State Route 121 N Murray, KY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Main building offers 24 potential bedrooms with closets installed in most rooms; Main floor includes a full kitchen, 2 bathrooms, and communal living/dining areas; Rear building adds 6 bedrooms, a kitchen, 2 bathrooms, and a central common area
More about this property
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