Renovated 27-Unit Apartment
For Sale
$1,200,000
Pending
1213 W Reservoir Avenue, Central City, KY 42330
MULTI_FAMILY - Central City, KY
Lot Size1.90 Acres
Days on Market503
Property Features for 1213 W Reservoir Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4
Elementary school
Central City
Middle school
Muhlenberg North
High school
Muhlenberg County
Directions
From Central City take right on W. Reservoir, Apartments on left
Subdivision
Muhlenberg County
Standard status
Pending
Lot size
1.90 Acres
Building Details
Year built
1977
Number of units
27
Listing Agency:
Keller Williams First Choice R · Keller Williams Realty
(270) 782-1811
Listed By:
Jason Humble · License #216802
(270) 792-8289
Added: Mar 17, 2025
Changed: Jul 28
Last Checked: Aug 1 at 10:06AM
MLS# RA20251420
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This for-sale apartment building offers 27 units set on approximately 1.9 acres. The property was renovated about six years ago, including exterior painting by the owners and replacement of a majority of the PTAC heat/air units. A coin laundry is available on site. The building’s rent structure is designed for practical expense separation, with tenants paying electric and the owner covering water, sewer, and trash. One roof has been replaced, and the building is currently described as 100% occupied with a consistent rental history.
Located at 1213 W Reservoir Avenue in Central City, Kentucky, the property sits in Muhlenberg County. The listing provides a residential income focus and does not note additional development details beyond the apartment configuration and on-site laundry.
For tenants, the mix of individual PTAC heating and cooling supports straightforward, unit-level comfort. For buyers, the combination of recent renovations, ongoing site improvements, and an existing occupied status may appeal to an operator seeking a managed rental property with defined utility responsibilities. The on-site coin laundry also provides an additional resident-access amenity referenced in the listing.
Located at 1213 W Reservoir Avenue in Central City, Kentucky, the property sits in Muhlenberg County. The listing provides a residential income focus and does not note additional development details beyond the apartment configuration and on-site laundry.
For tenants, the mix of individual PTAC heating and cooling supports straightforward, unit-level comfort. For buyers, the combination of recent renovations, ongoing site improvements, and an existing occupied status may appeal to an operator seeking a managed rental property with defined utility responsibilities. The on-site coin laundry also provides an additional resident-access amenity referenced in the listing.
Key Highlights
- 27‑unit multifamily property on approx. 1.9 acres, renovated approx. 6 years ago
- Gross income reported as approximately $174,000 per year; consistent rental history with units staying rented
- Coin laundry on‑site for additional income
Property Analytics
Property Profile
Current Use
Lease Details
27
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 42330, KY
9,501
Population
4,017
Households
2.4
Avg Household Size
40
Median Age
8%
College-Educated
80%
High-School Grad
104.0 sq mi
ZIP Area
91
Density / Sq Mi
$47,904
Median Household Income
$35,773
Median Earnings
$756
Median Rent
$140,000
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?
Apartment building - Renovated multifamily with coin laundry and many PTAC units; tenants pay electric while owner covers water and sewer.
Where is this apartment building located?
The property is located at 1213 W Reservoir Avenue 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: 27‑unit multifamily property on approx. 1.9 acres, renovated approx. 6 years ago; Gross income reported as approximately $174,000 per year; consistent rental history with units staying rented; Coin laundry on‑site for additional income
