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    504/506 N Race St Glasgow, KY 42141

    For Sale
    $1,050,000

    Multi-Family - Glasgow, KY

    Type:Multi Family
    Lot size:
    0.41 Acres
    Days on Market:
    54
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 504/506 N Race St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    APN
    n/a
    Lot size
    0.41 Acres

    Building Details

    Year built
    1963
    Number of units
    12
    Architectural style
    Other

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

    Listing agent Jason Humble (270) 782-1811 License #216802

    Listing date Oct 14, 2025

    MLS# RA20251390 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

    Glasgow Multifamily Investment Opportunity

    This income-producing multifamily property is located in the heart of Glasgow, Kentucky. The property features 12 units, all of which are currently 100% occupied with a strong rental history. A coin laundry in the basement entry provides additional income. The entire property was renovated and updated approximately 7 to 8 years ago. Each unit is separately metered for electricity, which is paid by the tenants. The owner is responsible for water and sewer, with a water bill of less than $400 per month. The property generates approximately $116,000 per year. The lot size is 0.41 acres.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Glasgow
    County
    Barren
    State
    Kentucky
    Longitude
    -85.909823
    Latitude
    37.0007082

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    FAQs

    What type of property is this?
    Apartment building - Income-producing 12-unit property in Glasgow, fully occupied and renovated.
    Where is this apartment building located?
    The property is located at 504/506 N Race St Glasgow, KY.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - High Income Producing Property: Generates approximately $116,000 per year.; - 100% Occupancy: All 12 units are currently occupied.; - Convenient Location: Situated in the heart of Glasgow.
    (270) 782-1811
    Request Owner's contact information
    504/506 N Race 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
    504/506 N Race St Glasgow, KY 42141
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