30-Unit Apartment
For Sale
$1,220,000
114 Collins St, Irvine, KY 40336
Multifamily property with four commercial storefronts and subsidized residential units in downtown Irvine.
Property Size24,856 SF
Lot Size0.57 Acres
Days on Market47
Property Features for 114 Collins St
General Information
Standard status
Active
Size
24,856 SF
Lot size
0.57 Acres
Property subtype
Multifamily
Additional Details
Cap Rate
10%
Multifamily Units
30
Building Details
Building Size
24,856 SF
Year Built
1920
Year Renovated
2001
Listed By:
Katie Renfro · License #KY # 271918
(502) 345-3667
Source:
7s
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 30 at 12:44PM
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 Katie Renfro
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 30-unit apartment property includes four commercial storefronts totaling 4,325 SF on the first floor. The residential component participates in Kentucky Housing Corporation LIHTC redevelopment, with the redevelopment completed in 2001. Renovation work includes remodeled apartments, LVT flooring and updated finishes in select units, along with numerous newer HVAC units. A roof was installed within the last year.
The 0.57-acre property is located in downtown Irvine at 114 Collins St, directly across from the Estill County Courthouse and Irvine City Hall. Its configuration combines apartment and commercial space within one property, with residential income supplemented by storefront occupancy. The reported cap rate is 10%.
The 0.57-acre property is located in downtown Irvine at 114 Collins St, directly across from the Estill County Courthouse and Irvine City Hall. Its configuration combines apartment and commercial space within one property, with residential income supplemented by storefront occupancy. The reported cap rate is 10%.
Key Highlights
- 30 multifamily units plus 4 commercial storefronts
- 4,325 SF of first‑floor commercial space
- 0.57‑acre downtown Irvine site at 114 Collins St
Property Analytics
Current Use
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 40336, KY
12,566
Population
6,030
Households
2.1
Avg Household Size
44
Median Age
10%
College-Educated
78%
High-School Grad
209.6 sq mi
ZIP Area
60
Density / Sq Mi
$45,060
Median Household Income
$31,618
Median Earnings
$672
Median Rent
$114,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with four commercial storefronts and subsidized residential units in downtown Irvine.
Where is this apartment building located?
The property is located at 114 Collins St Irvine, KY.
What is the asking price?
The asking price for this property is $1,220,000.
What are key features of this property?
This property features: 30 multifamily units plus 4 commercial storefronts; 4,325 SF of first‑floor commercial space; 0.57‑acre downtown Irvine site at 114 Collins St
