35-Unit Senior Housing
New
For Sale
Contact for pricing
111 East 4th Street, Hopkinsville, KY 42240
Downtown senior housing with one- and two-bedroom units under an affordability restriction through 2035.
Property SizeContact for details
Days on Market6
Property Features for 111 East 4th Street
General Information
Standard status
Active
Property subtype
Multifamily, Senior Living
Occupancy
83%
Units
Unit Mix
28 x 1BR, 7 x 2BR
Multifamily Units
35
Building Details
Year Built
2005
Listing Agency:
The Kirkland Company
Listed By:
Chase McComas · License #308958
Source:
Crexi
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 6 at 1:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Kirkland Company
Investment Insights
Based on property information with market context.
This senior housing community contains 35 units, including 28 one-bedroom residences and seven two-bedroom residences. Constructed in 2005, the property serves an affordable senior housing program, with every unit restricted at 50% AMI through December 31, 2035. Current occupancy is approximately 83%, and in-place rents remain below 2026 net maximum allowable rents. Recent capital work totaling more than $143,000 has addressed property improvements.
The community is located at 111 East 4th Street in downtown Hopkinsville, Kentucky, within the Clarksville, TN-KY MSA. Residents have walkable access to healthcare, restaurants, retail, government offices, churches, and services oriented toward seniors. The surrounding market includes senior-restricted affordable communities reported at 100% occupancy, while the local population aged 75 and older is projected to increase 18.2% from 2024 to 2029.
The community is located at 111 East 4th Street in downtown Hopkinsville, Kentucky, within the Clarksville, TN-KY MSA. Residents have walkable access to healthcare, restaurants, retail, government offices, churches, and services oriented toward seniors. The surrounding market includes senior-restricted affordable communities reported at 100% occupancy, while the local population aged 75 and older is projected to increase 18.2% from 2024 to 2029.
Key Highlights
- 35‑unit senior housing community built in 2005
- Unit mix includes 28 one‑bedroom and seven two‑bedroom residences
- All units restricted at 50% AMI through December 31, 2035
Property Analytics
Property Profile
Current Use
Lease Details
35
Residential units
83%
Occupancy
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 42240, KY
41,791
Population
18,663
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
85%
High-School Grad
277.2 sq mi
ZIP Area
151
Density / Sq Mi
$49,872
Median Household Income
$36,321
Median Earnings
$866
Median Rent
$147,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Downtown senior housing with one- and two-bedroom units under an affordability restriction through 2035.
Where is this senior housing / retirement home located?
The property is located at 111 East 4th Street Hopkinsville, KY.
What are key features of this property?
This property features: 35‑unit senior housing community built in 2005; Unit mix includes 28 one‑bedroom and seven two‑bedroom residences; All units restricted at 50% AMI through December 31, 2035
