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    503-505 Alexa Dr Mt Sterling, KY 40353

    For Sale
    $399,000

    MULTI_FAMILY - Mt Sterling, KY

    Property size:
    4,366 SF
    Lot size:
    0.38 Acres
    Days on Market:
    86
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 503-505 Alexa Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 4, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 8
    Bedrooms
    8
    Bathrooms
    4
    APN
    23M-20-07-009.00, 23M-20-07-010.00
    Parking
    5
    Size
    4,366 SF
    Lot size
    0.38 Acres

    Utilities

    Heating system
    Baseboard
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1977
    Floors in Building
    2
    Number of units
    4
    Roof type
    Shingle

    Natural Bridge Realty (606) 663-1220

    Listing agent Mendel Tipton (606) 663-1220

    Listing date Sep 12, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mt Sterling Multifamily Investment Opportunity

    This multifamily property in Mt Sterling, Kentucky, presents an investment opportunity with two duplexes, each containing two units. The property, zoned for multifamily use, is situated on a 0.376-acre lot. The total building size encompasses 4366 square feet. Located in Montgomery County, the property is positioned in Mt Sterling, with the postal code 40353.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mt Sterling
    County
    Montgomery
    State
    Kentucky
    Longitude
    -83.951272
    Latitude
    38.062795

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    FAQs

    What type of property is this?
    Quadplex - Two duplexes, each with two units, for sale in Mt Sterling.
    Where is this quadplex located?
    The property is located at 503-505 Alexa Dr Mt Sterling, KY.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Investment opportunity: Two duplexes with a total of four units.; - Each unit has multiple bedrooms (8 total listed).; - Multiple bathrooms are available (4 total listed).
    (606) 663-1220
    Request Owner's contact information
    503-505 Alexa Dr Mt Sterling, KY 40353
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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
    503-505 Alexa Dr Mt Sterling, KY 40353
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