10-Unit Apartment
For Sale
$1,250,000
1117 S Pawnee Trl, Georgetown, KY 40324
Multifamily property with individually metered utilities, paved parking, and a mix of one- and two-bedroom floor plans.
Property Size8,460 SF
Lot Size0.64 Acres
Price / SF$147.75
Days on Market255
Property Features for 1117 S Pawnee Trl
General Information
Standard status
Active
Size
8,460 SF
Lot size
0.64 Acres
Property subtype
Multi-Family
Units
Unit Mix
8 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
10
Additional Details
Utilities to Site
Yes
Amenities
washer/dryer hookups
Building Details
Year Built
1960
Listing Agency:
Tru Life Real Estate
Listed By:
Alexa Kelley · License #215841
(859) 221-9921
Source:
Centralkentuckyhouses
Added: Feb 1
Changed: Oct 1
Last Checked: Oct 12 at 8:14PM
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 Tru Life Real Estate
Investment Insights
Based on property information with market context.
The apartment property at 1117 S Pawnee Trl in Georgetown, Kentucky, contains 10 units across approximately 8,460 square feet on approximately 0.64 acres. The unit mix includes eight two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. Each residence provides a functional layout with living space, a kitchen, and washer/dryer hookups. Utilities are individually metered, and the property includes paved off-street parking.
Built in 1960, the property is located near downtown Georgetown, schools, shopping, dining, Toyota Manufacturing, and major transportation corridors. Its residential configuration and varied floor plans support multifamily use within the Georgetown market.
Built in 1960, the property is located near downtown Georgetown, schools, shopping, dining, Toyota Manufacturing, and major transportation corridors. Its residential configuration and varied floor plans support multifamily use within the Georgetown market.
Key Highlights
- 10‑unit apartment property totaling approximately 8,460 square feet
- Unit mix includes 8 two‑bedroom units and 2 one‑bedroom units
- Approximately 0.64 acres at 1117 S Pawnee Trl, Georgetown, KY 40324
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,589
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,780
$1.3M
Cap Rate 7%
$922,700
$922.7K
Cap Rate 9%
$717,656
$717.7K
Market Conditions
NOI Build-Up for 8,460 SF
Gross rent
$122.8K $14.52/SF
− Vacancy
−$5.4K −$0.64/SF
EGI
$117.4K $13.88/SF
− OpEx
−$52.8K −$6.25/SF
NOI
$64.6K $7.63/SF
Area
Scott County, KY
Vacancy
4.40%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,780
Cap Rate 7%
$922,700
Cap Rate 9%
$717,656
Alternative Uses
Best Use
Apartment 5plus
$922.7K
$807.4K – $1.08M
NOI $64,589 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,087 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
10
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 40324, KY
51,035
Population
20,570
Households
2.5
Avg Household Size
35
Median Age
34%
College-Educated
94%
High-School Grad
155.1 sq mi
ZIP Area
329
Density / Sq Mi
$83,012
Median Household Income
$47,619
Median Earnings
$1,188
Median Rent
$262,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with individually metered utilities, paved parking, and a mix of one- and two-bedroom floor plans.
Where is this apartment building located?
The property is located at 1117 S Pawnee Trl Georgetown, KY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 10‑unit apartment property totaling approximately 8,460 square feet; Unit mix includes 8 two‑bedroom units and 2 one‑bedroom units; Approximately 0.64 acres at 1117 S Pawnee Trl, Georgetown, KY 40324
