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    3218 Cave Springs Ave Bowling Green, KY 42103

    Under Contract
    For Sale
    $600,000

    Multi-Family - Bowling Green, KY

    Type:Multi Family
    Lot size:
    0.56 Acres
    Days on Market:
    784
    Last Refresh:
    Dec 11 at 9:06 am

    Property Features for 3218 Cave Springs Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active Under Contract
    APN
    053A-04-083
    Parking features
    Parking Lot
    Interior features
    Ceiling Fan(s)
    Exterior features
    Other-see Remarks
    Lot size
    0.56 Acres

    Building Details

    Year built
    1989
    Number of units
    4
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    See Remarks

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

    Listing agent Jason Mills (270) 782-1811 License #203087

    Listing date Oct 20, 2023

    MLS# RA20234612 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

    Bowling Green Multi-Family Investment

    This multi-family property in Bowling Green, KY, consists of eight units across two buildings. The property is situated on a 0.56-acre lot. The gross annual income is $52,260 per year. The properties are located at 3218 and 3224 Cave Springs Ave.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.4265404
    Latitude
    36.9357676

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    FAQs

    What type of property is this?
    Quadplex - Multi-family investment property with eight units and income potential.
    Where is this quadplex located?
    The property is located at 3218 Cave Springs Ave Bowling Green, KY.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Package deal: Includes two properties (3218 and 3224 Cave Springs Ave).; - Total of 8 units included in the package.; - Gross annual income of $52,260 per year.
    (270) 782-1811
    Request Owner's contact information
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    Bowling Green, KY 42103
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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
    3218 Cave Springs Ave Bowling Green, KY 42103
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