Versailles Multifamily Investment
502 Tecumseh Trail, Versailles, KY 40383
- Added:
- Apr 9, 2026
- Days on Market:
- 56
- Last Refresh:
- Jun 3 at 3:06 am
Property Features for 502 Tecumseh Trail
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
- Standard status
- Pending
- APN
- 30-2024-002-00-04
- Size
- 6,925 SF
- Lot size
- 0.80 Acres
Utilities
- Heating system
- Natural Gas, Forced Air, Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 2000
Listing agent Austin Rayborn (859) 516-1398
Listing office Welchomes Real Estate 219 W Office St, Harrodsburg, KY (859) 605-2333
Listing date Apr 9, 2026
MLS# 26007915
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Immediate occupancy available in all 5 units.
- Each unit features 2 bedrooms and 2 bathrooms.
- Detached garages provide great storage, workshop potential, or parking.
- Convenient access to Versailles and Lexington via Bluegrass Parkway.
- Opportunity for investors or owner‑occupants.
- Well‑maintained property built in 2000.
Overview
Located minutes from the Bluegrass Parkway, this property provides convenient access to Versailles and Lexington. The well-maintained building features 5 units, each with 2 bedrooms and 2 bathrooms, and comfortable living spaces. Each unit includes detached garages, suitable for storage, workshops, or parking. The current tenants are not remaining, allowing for immediate occupancy or the placement of new tenants at market rent. The units are also listed separately, providing flexibility for investors and owner-occupants. This property offers an opportunity for real estate investment. The units are clean, functional, and well-maintained, offering rental appeal, convenience, and long-term potential in a desirable location. The property size is 6925 square feet and the lot size is 0.8 acres.
Local 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 | $100.6k | $14.52 |
| − Vacancy | −$4.4k | −$0.64 |
| EGI | $96.1k | $13.88 |
| − OpEx | −$43.3k | −$6.25 |
| NOI | $52.9k | $7.63 |
6,925 SF · lease $14.52/SF/yr · vacancy 4.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$755.3K
$660.9K – $881.2K
NOI $52,870 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,855 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Versailles
- County
- Jessamine
- State
- Kentucky
- Longitude
- -84.743966
- Latitude
- 38.047726
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 5-unit property near Bluegrass Parkway in Versailles, KY.
Where is this apartment building located?
The property is located at 502 Tecumseh Trail Versailles, KY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Immediate occupancy available in all 5 units.; Each unit features 2 bedrooms and 2 bathrooms.; Detached garages provide great storage, workshop potential, or parking.
