Five-Building Apartment Income
For Sale
$3,500,000
401 427 431 451 Hutchinson Ave, Paducah, KY 42003
COMMERCIAL - Paducah, KY
Property Size30,000 SF
Price / SF$116.67
Days on Market61
Property Features for 401 427 431 451 Hutchinson Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Assigned
Lot features
County
Directions
From Mercy Health - Lourdes Hospital, turn left onto Lone Oak Road. In 1.1 miles, turn left onto Lakeview Drive. In 300 ft, turn right onto Albany. In 600 ft, turn right onto Atlanta. In .7 miles, turn left onto Hutchison Ave. Property is on the right
Subdivision
McCracken
Standard status
Active
Utilities
Heating system
Heat Pump (Heating), Forced Air, Electric (Heating)
Cooling system
Central Air, Heat Pump
Water source
Public
Building Details
Floors in Building
2
Flooring type
Tile, Carpet, Laminate
Building materials
Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Better Homes & Gardens Fern Leaf Group
(270) 415-5623
Listed By:
Jeffrey Pierce · License #261477
(270) 442-0253
Added: Jun 2
Changed: Jul 28
Last Checked: Aug 1 at 8:06AM
MLS# 132188
Copyright © 2026 Western Kentucky Regional MLS 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 portfolio includes five commercial buildings totaling over 30,000 square feet. The property is brick and siding construction and features assigned parking for tenants. On-site utilities are in place, including high-speed internet, public water/sewer, and Paducah Power electric. The tenant screening process is described as being completed prior to occupancy, and several rental units have been updated.
The buildings are located at 401, 427, 431, and 451 Hutchinson Ave in Paducah, Kentucky 42003, within McCracken County. The offering is presented as a consolidated, turn-key investment package with multiple structures in place.
For investors seeking a multi-building setup, this portfolio offers a managed, income-producing configuration across five separate buildings, supported by existing utility services and assigned parking. With some units noted as updated and multiple structures within the same ownership group, it may fit buyers looking for a straightforward operational footprint. The property also includes acreage to build additional structures, expanding options for future development within the same overall site.
The buildings are located at 401, 427, 431, and 451 Hutchinson Ave in Paducah, Kentucky 42003, within McCracken County. The offering is presented as a consolidated, turn-key investment package with multiple structures in place.
For investors seeking a multi-building setup, this portfolio offers a managed, income-producing configuration across five separate buildings, supported by existing utility services and assigned parking. With some units noted as updated and multiple structures within the same ownership group, it may fit buyers looking for a straightforward operational footprint. The property also includes acreage to build additional structures, expanding options for future development within the same overall site.
Key Highlights
- Income‑producing portfolio with strong rental history and immediate cash flow.
- Five commercial buildings totaling over 30,000 square feet.
- Turn‑key asset with essential utilities in place.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $489.6k | $16.32 |
| − Vacancy | −$42.1k | −$1.40 |
| EGI | $447.5k | $14.92 |
| − OpEx | −$201.4k | −$6.71 |
| NOI | $246.1k | $8.20 |
30,000 SF · lease $16.32/SF/yr · vacancy 8.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.52M
$3.08M – $4.10M
NOI $246,122 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.25M
$5.47M – $7.29M
NOI $437,549 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 42003, KY
28,592
Population
14,132
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
414
Density / Sq Mi
$54,052
Median Household Income
$33,566
Median Earnings
$696
Median Rent
$160,700
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 - Five commercial buildings provide income-producing units with assigned parking and utilities including public water/sewer.
Where is this apartment building located?
The property is located at 401 427 431 451 Hutchinson Ave Paducah, 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: Income‑producing portfolio with strong rental history and immediate cash flow.; Five commercial buildings totaling over 30,000 square feet.; Turn‑key asset with essential utilities in place.
