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    1213 W Reservoir Ave Central City, KY 42330

    Under Contract
    For Sale
    $1,200,000

    Multi-Family - Central City, KY

    Type:Multi Family
    Lot size:
    1.90 Acres
    Days on Market:
    209
    Last Refresh:
    Dec 8 at 5:06 am

    Property Features for 1213 W Reservoir Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active Under Contract
    APN
    n/a
    Lot size
    1.90 Acres

    Building Details

    Year built
    1977
    Number of units
    27
    Architectural style
    Other

    Keller Williams First Choice Realty (270) 782-1811 [email protected]

    Listing agent Jason Humble (270) 782-1811 License #216802

    Listing date May 14, 2025

    MLS# RA20251420 Listing URL

    Copyright © 2025 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Central City Multifamily Investment Property

    This multifamily property in Central City, Kentucky, features 27 units situated on approximately 1.9 acres. The property was renovated approximately 6 years ago, including exterior painting and replacement of a majority of the PTAC heat and air units. A coin laundry is located on site, providing additional revenue. The property generates approximately $174,000 gross annually. Tenants are responsible for electric, while the owners cover water, sewer, and trash expenses. One roof has been fully replaced. The property maintains a consistent rental history with units staying rented.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Central City
    County
    Muhlenberg
    State
    Kentucky
    Longitude
    -87.1387998
    Latitude
    37.2816028

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    FAQs

    What type of property is this?
    Apartment building - 27-unit multifamily property generating approximately $174,000 gross annually.
    Where is this apartment building located?
    The property is located at 1213 W Reservoir Ave Central City, KY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - High cash flowing investment property: Generates approximately $174,000 gross annually.; - 27 Units on Approximately 1.9 Acres: Substantial property size with multiple income streams.; - Renovated Approximately 6 Years Ago: Modernized units attract tenants and reduce maintenance.
    (270) 782-1811
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1213 W Reservoir Ave Central City, KY 42330
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