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Updated 10-Unit Apartment Building
New
For Sale
$1,045,000

115 E Walnut St, Danville, KY 40422

Updated HVAC, refreshed units, and on-site parking support daily operations.

Property Size7,820 SF
Price / SF$133.63
Days on Market5

Property Features for 115 E Walnut St

General Information

Standard status Active
Size 7,820 SF
Property subtype Multi-Family

Additional Details

Gross Income $117,600
Multifamily Units 10

Amenities

on-site parking

Building Details

Year Built 1984
Listing Agency: Century 21 Advantage Realty
Listed By: Amy Boone · License #212432
Source: Sweethomeky
Added: Sep 22 Changed: Sep 24 Last Checked: Sep 26 at 7:05AM

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 Century 21 Advantage Realty

Investment Insights

Based on property information with market context.

This 10-unit apartment building at 115 E. Walnut Street offers a substantially updated multifamily asset in downtown Danville. Improvements include a new roof, upgraded HVAC systems, and renovations throughout the units. On-site parking adds convenience for residents and supports the property’s established apartment configuration. Built in 1984, the building provides an existing income-producing setup without relying on uncompleted improvements.

The property sits beside historic Constitution Square and within walking distance of Main Street’s shopping and dining. Ephraim McDowell Regional Medical Center and Centre College are also nearby. The asset may be acquired individually or combined with neighboring E. Walnut Street properties as part of a larger multifamily portfolio.

Key Highlights

  • 10‑unit apartment building in downtown Danville
  • New roof and updated HVAC systems
  • Updated units throughout the property

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store HVAC Service Grocery & Convenience Store Bakery Plumbing Service Tech Support Center

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

10
Residential units

Location Intelligence

Trade Area within ½ mile

1,196
Businesses Nearby

Demographics for 40422, KY

25,918
Population
10,627
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
92%
High-School Grad
108.3 sq mi
ZIP Area
239
Density / Sq Mi
$60,926
Median Household Income
$36,910
Median Earnings
$774
Median Rent
$214,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Updated HVAC, refreshed units, and on-site parking support daily operations.
Where is this apartment building located?
The property is located at 115 E Walnut St Danville, KY.
What is the asking price?
The asking price for this property is $1,045,000.
What are key features of this property?
This property features: 10‑unit apartment building in downtown Danville; New roof and updated HVAC systems; Updated units throughout the property
More about this property
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