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    200 S Underwood St Park City, KY 42160

    For Sale
    $445,000

    Multi-Family - Park City, KY

    Type:Multi Family
    Lot size:
    0.52 Acres
    Days on Market:
    21
    Last Refresh:
    Dec 14 at 2:06 pm

    Property Features for 200 S Underwood St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    Parking
    6
    Interior features
    Ceiling Fan(s), Closet Light(s), Foam Insulation, Vaulted Ceiling(s)
    Exterior features
    Concrete Walks, Outdoor Lighting
    Lot size
    0.52 Acres

    Building Details

    Year built
    2025
    Number of units
    4
    Roof type
    Shingle
    Architectural style
    Other

    Elmore Realty & Auction (270) 651-7711

    Listing agent Eric Bulle (270) 651-7711 License #284736

    Listing date Nov 24, 2025

    MLS# SC47271 Listing URL

    Copyright © 2025 South Central Kentucky 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.

    Overview

    New Park City Multi-Family

    This is an investment opportunity to acquire a brand-new, four-unit multi-family property consisting of two new buildings. Each unit features 2 bedrooms and 1 bathroom, finished with granite countertops and LPV flooring. All appliances are included: washer, dryer, refrigerator, stove, microwave, and dishwasher. The property is situated on a 0.52-acre lot. All four units are currently leased at $1,000 per month, generating a potential gross rental income of $4,000 per month, or $48,000 annually. This low-maintenance, turn-key property is located in Park City, Kentucky, and is suited for investors seeking steady cash flow and long-term appreciation.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Barren
    State
    Kentucky
    Longitude
    -86.047584503705
    Latitude
    37.093091099451

    FAQs

    What type of property is this?
    Quadplex - New four-unit multi-family property in Park City, Kentucky.
    Where is this quadplex located?
    The property is located at 200 S Underwood St Park City, KY.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: - Brand new 4-unit multi-family property (two new buildings).; - Fully leased with existing cash flow ($4,000/month gross rental income).; - Turn-key and low-maintenance property.
    (270) 651-7711
    Request Owner's contact information
    200 S Underwood St Park City, KY 42160
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    Park City, KY 42160
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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
    200 S Underwood St Park City, KY 42160
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