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    402 E Wayne St Glasgow, KY 42141

    New
    For Sale
    $330,000

    Multi-Family - Glasgow, KY

    Type:Multi Family
    Lot size:
    0.45 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 11 at 5:06 pm

    Property Features for 402 E Wayne St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    APN
    G1-50-2
    Lot size
    0.45 Acres

    Building Details

    Year built
    1111
    Number of units
    5
    Architectural style
    Other

    Raymer Real Estate Services, LLC. (270) 282-4005 [email protected]

    Listing agent Connor Raymer (270) 282-4005 License #242785

    Listing date Dec 7, 2025

    MLS# RA20252397 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

    Downtown Glasgow Multifamily Investment Opportunity

    This downtown Glasgow property presents a unique investment opportunity with five units available in various configurations. Buyers can acquire the historic main home, which contains three units, the two studio-style units as a package, or all five units together. The main historic home features three units: two 1-bedroom units and one 2-bedroom unit. These units retain architectural charm, boast 10-foot ceilings, new windows for ample natural light, original hardwood floors, and updated kitchens with new appliances. The two studio-style units, sold together, offer open-concept living spaces with updated kitchens and rental appeal. One studio is configured as a 2-bedroom layout, while the other functions as a 1-bedroom unit. Situated in downtown Glasgow, the property is within walking distance of shopping, dining, and local amenities, ensuring consistent tenant demand and long-term investment potential. This multifamily property is suitable for portfolio expansion or owner-occupancy with income-producing units, combining character, location, and versatility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Glasgow
    County
    Barren
    State
    Kentucky
    Longitude
    -85.9096394
    Latitude
    36.9923462

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property in downtown Glasgow with flexible purchase options.
    Where is this apartment building located?
    The property is located at 402 E Wayne St Glasgow, KY.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: - Prime downtown Glasgow location, walk to everything!; - Flexible purchase options: historic main home (3 units), studio pair (2 units), or the entire 5-unit package.; - Historic main home: **preserved architectural charm, 10-foot ceilings, original hardwood floors, and new windows.**
    (270) 282-4005
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    402 E Wayne St Glasgow, KY 42141
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    Glasgow, KY 42141
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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
    402 E Wayne St Glasgow, KY 42141
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