Triplex Income Property with 3
For Sale
$360,000
119 Fifth Avenue, Clay City, KY 40312
MULTI_FAMILY - Clay City, KY
Property Size2,784 SF
Lot Size0.15 Acres
Price / SF$129.31
Days on Market92
Property Features for 119 Fifth Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Laundry Room, Bathroom 5, Bathroom 2, Bathroom 3
Subdivision
Rural
Elementary school
Clay City
Middle school
Powell Co
High school
Powell Co
Elementary school district
Powell County -19
Middle school district
Powell County -19
High school district
Powell County -19
Directions
From Clay City KY travel Hwy 11/15, turn on Second Street the Triplex is on the corner of Second and Fifth Street
Standard status
Active
APN
OC1-00-14-001.00
Size
2,784 SF
Lot size
0.15 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1994
Number of units
3
Roof type
Shingle
Listing Agency:
Napier Realtors
(859) 355-5310
Listed By:
Vanessa D Crowe · License #216725
(859) 940-8292
Added: Jun 8
Changed: Jul 17
Last Checked: Sep 7 at 7:06PM
MLS# 26013214
Copyright © 2026 ImagineMLS. 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.
This triplex income property includes three spacious units. Two units feature 2 bedrooms and 1 bathroom, while the third unit offers 3 bedrooms and 3 bathrooms. Two of the units are currently rented, and one unit has recently been vacated and is available for showings. Updates reported within the past two years include new HVAC systems in two units, along with rear 8 x 10 decks. The roof was replaced approximately nine years ago, and a new blacktop parking lot has been installed for the triplex tenants.
The property is located at 119 Fifth Avenue in Clay City, Kentucky (Powell County). The seller notes easy access to schools, professional offices, restaurants, and the Bert T Combs Mt Parkway, with the Red River Gorge reached within minutes and Lexington roughly 45 minutes away via I-75.
This configuration can suit buyers looking for an owner-occupant or multi-unit rental setup, with income already in place through the two currently leased units. Because one unit is open for showings, prospective buyers can view the available space promptly, with scheduling requiring 48 hours’ notice to notify tenants in the two occupied units. Showings can be arranged with proof of funds or a lender pre-approval letter.
The property is located at 119 Fifth Avenue in Clay City, Kentucky (Powell County). The seller notes easy access to schools, professional offices, restaurants, and the Bert T Combs Mt Parkway, with the Red River Gorge reached within minutes and Lexington roughly 45 minutes away via I-75.
This configuration can suit buyers looking for an owner-occupant or multi-unit rental setup, with income already in place through the two currently leased units. Because one unit is open for showings, prospective buyers can view the available space promptly, with scheduling requiring 48 hours’ notice to notify tenants in the two occupied units. Showings can be arranged with proof of funds or a lender pre-approval letter.
Key Highlights
- Triplex with 3 units: two units feature 2 bed/1 bath, and the third unit features 3 bed/3 bath
- Two units are currently rented; one unit was recently vacated and is open for showings
- Updates within the past two years include new HVAC systems for two units and rear 8 x 10 decks
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Explore this area
Business Placement
Demographics for 40312, KY
6,010
Population
2,748
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
77%
High-School Grad
56.9 sq mi
ZIP Area
106
Density / Sq Mi
$38,081
Median Household Income
$35,050
Median Earnings
$710
Median Rent
$148,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex with two-bedroom units plus a larger three-bedroom unit, including one unit currently open for showings.
Where is this triplex located?
The property is located at 119 Fifth Avenue Clay City, KY.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Triplex with 3 units: two units feature 2 bed/1 bath, and the third unit features 3 bed/3 bath; Two units are currently rented; one unit was recently vacated and is open for showings; Updates within the past two years include new HVAC systems for two units and rear 8 x 10 decks
