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Three-Unit Triplex
For Sale
$360,000

119 Fifth Avenue #ABC, Clay City, KY 40312

Two residences are leased, while the third is available for showings.

Property Size2,784 SF
Price / SF$129.31
Days on Market146

Property Features for 119 Fifth Avenue #ABC

General Information

Standard status Active
Size 2,784 SF
Property subtype Triplex

Units

Unit Mix 2 x 2BR/1BA, 1 x 3BR/3BA
Multifamily Units 3

Additional Details

Highway Access Yes
Tenant in Place Yes

Building Details

Year Built 1994
Tenancy Multi
Listing Agency: Napier Realtors
Listed By: Vanessa D Crowe · License #216725
Source: Mdmitchellrealestate
Added: Jun 8 Changed: Oct 29 Last Checked: Oct 29 at 2:45PM

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 Napier Realtors

Rey
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Investment Insights

Based on property information with market context.

Built in 1994, this triplex contains three residences: two with two bedrooms and one bathroom each, and a third with three bedrooms and three bathrooms. Two units are rented; the remaining unit is vacant and available for showings. Recent improvements in two units include HVAC systems and rear decks measuring 8 x 10. The property also has a blacktop parking area, and the roof was replaced nine years ago.

The property offers access to schools, professional offices, restaurants, and the Bert T. Combs Mountain Parkway. Lexington and I-75 are approximately 45 minutes away, while Red River Gorge is minutes away. Floor plans and a survey are available with the seller’s disclosure. Please allow 48 hours to arrange showings in the two occupied units; proof of funds or lender pre-approval is required to schedule a showing.

Key Highlights

  • Three residential units: two 2‑bedroom/1‑bathroom units and one 3‑bedroom/3‑bathroom unit
  • Two units are rented; one is vacant and available for showings
  • Two units received new HVAC systems and rear 8 x 10 decks within the past two years

Property Analytics

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Lease Details

3
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

110
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
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Two residences are leased, while the third is available for showings.
Where is this triplex located?
The property is located at 119 Fifth Avenue #ABC 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 residential units: two 2‑bedroom/1‑bathroom units and one 3‑bedroom/3‑bathroom unit; Two units are rented; one is vacant and available for showings; Two units received new HVAC systems and rear 8 x 10 decks within the past two years
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