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

1213 W Reservoir Avenue, Central City, KY 42330

Multi-Family, Central City, KY

Property SizeContact for details
Lot Size1.90 Acres
Days on Market585

Property Features for 1213 W Reservoir Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Elementary school Central City
Middle school Muhlenberg North
High school Muhlenberg County
Directions From Central City take right on W. Reservoir, Apartments on left
Subdivision Muhlenberg County
Standard status Pending
Lot size 1.90 Acres

Amenities

coin laundry

Building Details

Year built 1977
Number of units 27
Listing Agency: Keller Williams First Choice R · Keller Williams Realty
Listed By: Jason Humble
Added: Mar 17, 2025 Changed: Oct 17 Last Checked: Oct 22 at 5:06PM
MLS# RA20251420

Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 1977, this 27-unit apartment property occupies approximately 1.9 acres in Central City, Kentucky. The units were renovated approximately 6 years ago, and the exterior has since been painted. A majority of the PTAC heating and air-conditioning units have been replaced, while one roof has received a complete replacement.

Residents have access to on-site coin laundry. The property is reported at 100% occupancy, with tenants responsible for electric service and ownership covering water, sewer, and trash. The asset is located at 1213 W Reservoir Avenue in Central City, within Muhlenberg County.

Key Highlights

  • 27 units on approximately 1.9 acres
  • Renovated approximately 6 years ago
  • 100% occupied with consistent rental history

Property Analytics

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Lease Details

27
Residential units
100%
Occupancy

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
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

Frequently Asked Questions

What type of property is this?
Apartment building - Renovated apartment community with coin laundry, updated PTAC systems, and full occupancy.
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 on approximately 1.9 acres; Renovated approximately 6 years ago; 100% occupied with consistent rental history
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