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    7402 Shenandoah Dr Florence, KY 41042

    For Sale
    $1,150,000

    MULTI_FAMILY - Florence, KY

    Type:Apartment
    Property size:
    7,928 SF
    Lot size:
    1.35 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 7 at 9:06 pm

    Property Features for 7402 Shenandoah Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Window features
    Insulated Windows, Vinyl Frames
    Rooms
    Bathroom 12, Bathroom 5, Bathroom 14, Bedroom 7, Bathroom 13, Bedroom 11, Bathroom 6, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 8, Bedroom 14, Bedroom 16, Bathroom 1, Bathroom 3, Bedroom 15, Bedroom 18, Bedroom 13, Bedroom 5, Bedroom 12, Bathroom 11, Bedroom 17, Bedroom 9, Bathroom 4, Bathroom 7, Bedroom 10, Bathroom 10, Bathroom 9, Bathroom 8, Bedroom 1
    Bedrooms
    18
    Bathrooms
    11
    APN
    061.09-28-001.00
    Parking features
    Off Street, Parking Lot
    Patio and Porch features
    Patio, Porch
    Interior features
    Storage, Eat-in Kitchen
    Appliances
    Electric Range, Dishwasher, Refrigerator
    Size
    7,928 SF
    Lot size
    1.35 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    8
    Building materials
    Brick, Vinyl Siding
    Roof type
    Shingle
    Additional Structures
    Storage

    Century 21 Brooks Wells Ent. (606) 329-8000

    Listing agent Amy Zimmerman (859) 466-0140 License #196129

    Listing date Nov 13, 2025

    MLS# 637664 Listing URL

    Copyright © 2025 Northern Kentucky MLS, 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

    Florence Multifamily Investment Opportunity

    Located in Florence, Kentucky, this multifamily property features eight townhome units. The property, situated at 7402 Shenandoah Drive, offers an investor opportunity with a solid rental history. The property contains 7,928 square feet and is located on a 1.35-acre lot. All but one unit are occupied, primarily with month-to-month leases, providing flexibility for adjusting rents to market rates. The units include a mix of one- to four-bedroom layouts, each equipped with private patios and washer/dryer hookups. Tenants are responsible for covering all utility expenses. The landlord is responsible for storm water and trash pick up. The location is near schools, shopping centers, and major highways. The property is an excellent addition to any investment portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Boone
    State
    Kentucky
    Longitude
    -84.622237
    Latitude
    38.996568

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    FAQs

    What type of property is this?
    Apartment building - Eight townhome units with rental history in Florence, Kentucky.
    Where is this apartment building located?
    The property is located at 7402 Shenandoah Dr Florence, KY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Solid rental history with mostly occupied units provides immediate income.; - Opportunity to increase rental income by raising rents to market rates due to month-to-month leases.; - Mix of 1-4 bedroom units caters to a wide range of tenant needs.
    (859) 466-0140
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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
    7402 Shenandoah Dr Florence, KY 41042
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