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48-Unit Multifamily Investment Opportunity

300 Pine Ridge Drive Morehead, KY 40351

Pending

$3,500,000

COMMERCIAL - Morehead, KY

Property size:

37,386 SF

Lot size:

40.00 Acres

Pending

$3,500,000

COMMERCIAL - Morehead, KY

Property size:

37,386 SF

Lot size:

40.00 Acres

Added:: Feb 5, 2026
Days on Market:: 156
Last Refresh:: Jul 11 at 12:06 am

Property Features for 300 Pine Ridge Drive

General Information

Property type: Commercial Sale
Property subtype: Other
Standard status: Pending
APN: 062-00 00 033.0, 062-00 00 032.00
Size: 37,386 SF
Lot size: 40.00 Acres

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating)
Cooling system: Electric

Building Details

Year built: 1978
Building materials: Brick, Wood Siding
Roof type: Shingle

Listing agent Talitha L Martin License #263140

Listing office HomeLand Real Estate Inc - Mt Sterling 27 S Maysville St, Mt Sterling, KY

Listing date Feb 5, 2026

MLS# 26002179

Investment Insights

Based on property information with market context.

Pine Ridge Apartments presents a multifamily investment opportunity, featuring 48 units situated on approximately 4 acres, complemented by an additional 36 wooded acres. The unit mix includes 8 three-bedroom units, 16 two-bedroom units, and 24 one-bedroom units. The community operates as HUD housing through the U.S. Department of Housing and Urban Development, offering consistent occupancy potential and dependable income streams. On-site amenities include a dedicated management office and a tenant laundry facility. The property, totaling 37386 square feet, is located in Morehead, Kentucky.

Key Highlights

48‑unit multifamily property offering scale and investment potential.
Consistent occupancy potential and dependable income streams through HUD housing.
Balanced unit mix with one, two, and three‑bedroom units to support diversified rental demand.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Apartment buildings
KY
Morehead
40351
300 Pine Ridge Drive

What type of property is this?

Apartment building - Multifamily property with stable demand and peaceful natural setting.

Where is this apartment building located?

The property is located at 300 Pine Ridge Drive Morehead, KY.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: 48‑unit multifamily property offering scale and investment potential.; Consistent occupancy potential and dependable income streams through HUD housing.; Balanced unit mix with one, two, and three‑bedroom units to support diversified rental demand.

300 Pine Ridge Drive Morehead, KY 40351

COMMERCIAL - Morehead, KY

Property Features for 300 Pine Ridge Drive

General Information

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Operating Convenience Store with Apartments

Versatile Commercial Property in Morehead

Established Commercial Property Near Cave Run

Cave Run Lake Turn-Key Business

Turnkey Short-Term Rental on Acreage

Versatile Commercial Building on Farmland

Dollar General NNN Investment Opportunity

Prime Retail Space Near I-64

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