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27-Unit Apartment Building
For Sale
$1,200,000
Pending

1213 W Reservoir Avenue, Central City, KY 42330

Renovated multifamily property with coin-operated laundry and updated PTAC systems serving a fully occupied apartment community.

Property Size17,000 SF
Days on Market534

Property Features for 1213 W Reservoir Avenue

General Information

Standard status Pending
Size 17,000 SF
Property subtype Multi Family

Building Details

Year Built 1977
Listing Agency: Keller Williams First Choice R
Listed By: Jason C Humble · License #216802
Source: Exitrealty
Added: Mar 18, 2025 Changed: Aug 30 Last Checked: Aug 30 at 9:25AM

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 Keller Williams First Choice R

Investment Insights

Based on property information with market context.

This 27-unit apartment property contains 17,000 square feet on approximately 1.9 acres. Built in 1977, the community underwent renovations approximately 6 years ago, including exterior painting and replacement of a majority of the PTAC heating and air-conditioning units. Coin-operated laundry is located on site.

The property is reported at 100% occupancy and has a consistent history of rented units. Residents pay electric service, while ownership covers water, sewer, and trash. One roof has been replaced in full.

Key Highlights

  • 27 units across approximately 1.9 acres
  • 17,000 SF apartment property built in 1977
  • Renovated approximately 6 years ago

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Real Estate Agency Locksmith Grocery & Convenience Store Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

123
Businesses Nearby

Demographics for 42330, KY

9,501
Population
4,017
Households
2.4
Avg Household Size
40
Median Age
8%
College-Educated
80%
High-School Grad
104.0 sq mi
ZIP Area
91
Density / Sq Mi
$47,904
Median Household Income
$35,773
Median Earnings
$756
Median Rent
$140,000
Median Home Value

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 - Renovated multifamily property with coin-operated laundry and updated PTAC systems serving a fully occupied apartment community.
Where is this apartment building located?
The property is located at 1213 W Reservoir Avenue Central City, KY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 27 units across approximately 1.9 acres; 17,000 SF apartment property built in 1977; Renovated approximately 6 years ago
More about this property
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