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Triplex with Updated HVAC
For Sale
$360,000

119 Fifth Avenue, Clay City, KY 40312

Residential Income, Clay City, KY

Property Size2,784 SF
Lot Size0.15 Acres
Price / SF$129.31
Days on Market111

Property Features for 119 Fifth Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 2, Bedroom 7, Bathroom 5, Laundry Room, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 5
Subdivision Rural
Elementary school Clay City
Middle school Powell Co
High school Powell Co
Elementary school district Powell County -19
Middle school district Powell County -19
High school district Powell County -19
Directions From Clay City KY travel Hwy 11/15, turn on Second Street the Triplex is on the corner of Second and Fifth Street
Standard status Active
APN OC1-00-14-001.00
Size 2,784 SF
Lot size 0.15 Acres

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1994
Number of units 3
Roof type Shingle
Listing Agency: Napier Realtors
Listed By: Vanessa D Crowe · License #216725
Added: Jun 8 Changed: Sep 12 Last Checked: Sep 26 at 10:06AM
MLS# 26013214

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1994 triplex contains 2,784 square feet across three residential units. Two apartments offer two bedrooms and one bathroom each, while the third provides three bedrooms and three bathrooms. Two units have received updates within the past two years, including new HVAC systems and rear decks measuring 8 x 10. The property also has a shingle roof, central air, forced-air heating, and a blacktop parking lot.

Two units are rented, and the remaining unit is vacant and available for showings. The property is located in Clay City with access to schools, professional offices, restaurants, and the Bert T Combs Mountain Parkway. Lexington and I-75 are 45 minutes away, while Red River Gorge is minutes from the property. A survey and floor plans are available with the seller’s disclosure.

Key Highlights

  • Three‑unit triplex with 2784 square feet
  • Unit mix includes two 2‑bedroom/1‑bath units and one 3‑bedroom/3‑bath unit
  • Two units are currently rented; one unit is vacant for showings

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Building Supply (Bike/Boat/Book/etc) Store Barber Shop Computer & Electronic Repair

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

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

103
Businesses Nearby

Demographics for 40312, KY

6,010
Population
2,748
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
77%
High-School Grad
56.9 sq mi
ZIP Area
106
Density / Sq Mi
$38,081
Median Household Income
$35,050
Median Earnings
$710
Median Rent
$148,300
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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit multifamily property with central air, forced-air heat, and blacktop tenant parking.
Where is this triplex located?
The property is located at 119 Fifth Avenue Clay City, KY.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Three‑unit triplex with 2784 square feet; Unit mix includes two 2‑bedroom/1‑bath units and one 3‑bedroom/3‑bath unit; Two units are currently rented; one unit is vacant for showings
More about this property
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