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Modern 8-Unit Apartment Building
For Sale
$959,000
Pending

706 Old Morgantown Road, Bowling Green, KY 42101

Multi-Family, Bowling Green, KY

Property SizeContact for details
Lot Size0.77 Acres
Days on Market93

Property Features for 706 Old Morgantown Road

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 16
Bathrooms 16
Full bathrooms 16
Rooms Bedroom 13, Bathroom 1, Bedroom 2, Bathroom 16, Bedroom 4, Bedroom 6, Bedroom 14, Bathroom 14, Bathroom 13, Bathroom 8, Bedroom 11, Bathroom 2, Bedroom 9, Bathroom 4, Bathroom 3, Bedroom 1, Bedroom 8, Bathroom 15, Bathroom 10, Bedroom 3, Bedroom 16, Bathroom 7, Bedroom 10, Bedroom 5, Bedroom 12, Bathroom 11, Bedroom 7, Bathroom 5, Bathroom 6, Bedroom 15, Bathroom 12, Bathroom 9
Parking 12
Parking features Parking Lot
Patio and Porch features Patio
Interior features Ceiling Fan(s), Walk-in Closet(s)
Exterior features Concrete Walks, Landscaping, Mature Trees, Outdoor Lighting, Patio
Lot features In City Limits
Elementary school Warren
High school Warren Central
Directions Veterans Memorial to Old Morgantown Road. The property will be on the Left.
Subdivision BG West
Standard status Pending
Lot size 0.77 Acres

Building Details

Year built 2018
Number of units 8
Listing Agency: Keller Williams First Choice R · Keller Williams Realty
Listed By: Ernon Simpson · License #294905
Added: Jul 9 Changed: Sep 28 Last Checked: Oct 9 at 3:06PM
MLS# RA20264084

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Constructed in 2018, this apartment property contains eight matching units designed for straightforward rental operations. Interior finishes include luxury vinyl plank flooring, granite countertops, and stainless steel appliances, with ceiling fans and walk-in closets adding practical functionality. Each unit also includes a patio.

The property occupies 0.77 acres at 706 Old Morgantown Road in Bowling Green, Kentucky. Site improvements include a parking lot, concrete walks, landscaping, mature trees, and outdoor lighting. The combination of modern construction, consistent unit layouts, and durable interior materials provides a cohesive physical profile across the building.

Key Highlights

  • Eight‑unit apartment property built in 2018
  • 0.77‑acre site at 706 Old Morgantown Road, Bowling Green, KY 42101
  • Luxury vinyl plank flooring, granite countertops, and stainless steel appliances

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

392
Businesses Nearby

Demographics for 42101, KY

64,444
Population
26,062
Households
2.5
Avg Household Size
30
Median Age
20%
College-Educated
83%
High-School Grad
281.0 sq mi
ZIP Area
229
Density / Sq Mi
$49,045
Median Household Income
$26,564
Median Earnings
$905
Median Rent
$188,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight contemporary rental units with durable finishes, private patios, landscaped grounds, and on-site parking.
Where is this apartment building located?
The property is located at 706 Old Morgantown Road Bowling Green, KY.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Eight‑unit apartment property built in 2018; 0.77‑acre site at 706 Old Morgantown Road, Bowling Green, KY 42101; Luxury vinyl plank flooring, granite countertops, and stainless steel appliances
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