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Renovated Triplex with Off-Street Parking
For Sale
$345,000

116 S 5th St, Danville, KY 40422

MULTI_FAMILY - Ranch - Danville, KY

Property Size2,686 SF
Lot Size0.11 Acres
Price / SF$128.44
Days on Market52

Property Features for 116 S 5th St

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Basement
Lot features Sidewalk
Directions Across from Ephraim McDowell in Centre College, Main st to South 5th St.
Subdivision 10-Nelson County
Standard status Active
APN D07-014-008
Size 2,686 SF
Lot size 0.11 Acres

Utilities

Sewer type Private Sewer
Heating system Ductless (Heating), Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1930
Number of units 3
Building materials Brick Veneer
Roof type Shingle
Architectural style Ranch
Listing Agency: The West Group REALTORS
Listed By: Wayne West
Added: Jun 22 Changed: Aug 7 Last Checked: Aug 12 at 1:06AM
MLS# 1721294

Copyright © 2026 Greater Louisville Association of REALTORS®. 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.

Completely renovated triplex building in a ranch style, constructed with brick veneer and served by public water and private sewer. The property totals 2,686 square feet and sits on a 0.11-acre lot. Heating is provided by natural gas and ductless systems, with central air cooling. The roof is shingle, and the basement level is included in the building layout.

The building offers off-street parking located behind the structure. Unit configuration includes an available owner-occupant unit (Unit A) and rental units on the main floor (including Unit B) and basement level, with the main-floor Unit B currently set up as a furnished rental. Unit A is available for an owner occupant, and the remaining units are operated as rentals.

Built in 1930, the property is located at 116 S 5th St in Danville, Kentucky, in Boyle County.

Key Highlights

  • Completely renovated triplex building
  • Off‑street parking located behind the building
  • 2,686 SF total on a 0.11‑acre lot

Property Analytics

Current Use

ChargePoint Charging Station Electric Vehicle Charging Station

Suggested Use

Top Pick Storage Facility Nail Salon (Bike/Boat/Book/etc) Store HVAC Service Grocery & Convenience Store Kitchen & Bath Showroom

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

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,126
Businesses Nearby

Demographics for 40422, KY

25,918
Population
10,627
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
92%
High-School Grad
108.3 sq mi
ZIP Area
239
Density / Sq Mi
$60,926
Median Household Income
$36,910
Median Earnings
$774
Median Rent
$214,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Triplex - Completely renovated triplex with central air, natural gas and ductless heat, and off-street parking behind the building.
Where is this triplex located?
The property is located at 116 S 5th St Danville, KY.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Completely renovated triplex building; Off‑street parking located behind the building; 2,686 SF total on a 0.11‑acre lot
More about this property
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