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Renovated Multifamily Property Portfolio
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1510 Diuguid Drive, Murray, KY 42071

Four renovated multifamily properties totaling 65 units near Murray State University and I-641.

Property SizeContact for details
Days on Market124

Property Features for 1510 Diuguid Drive

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 65
Listing Agency: The Kirkland Company
Listed By: Brian Devlin · License #222755
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 6:52AM

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 The Kirkland Company

Investment Insights

Based on property information with market context.

The Murray Portfolio comprises four properties totaling 65 units and has recently undergone renovations. Improvements include resurfaced and restriped parking lots, new siding, freshly painted steps and decks, and new roofs. Inside, most unit interiors are fully upgraded with new paint, flooring, and light fixtures, with rent premiums noted for varying floor plans.

The portfolio is located along and just off I-641, described as well-trafficked with counts cited at 25,630 VPD and 22,978 VPD. Tenants have nine floor plans ranging from one to four bedrooms.

Access to key employment and education is supported by the property’s proximity to Murray State University, cited as about three minutes away, and within a ten-minute drive of Briggs & Stratton Corp and Murray Calloway County Hospital. The offering also notes it is about twenty minutes from Land Between the Lakes National Recreation Area.

Key Highlights

  • Renovated multifamily portfolio with four properties totaling 65 units
  • Recently resurfaced and restriped parking lot plus new siding, painted steps and decks, and new roofs
  • Most unit interiors upgraded with new paint, flooring, and light fixtures

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Barber Shop Computer & Electronic Repair Electrical Service Home Appliance 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.

Lease Details

65
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

238
Businesses Nearby

Demographics for 42071, KY

29,703
Population
14,174
Households
2.1
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
209.0 sq mi
ZIP Area
142
Density / Sq Mi
$48,976
Median Household Income
$29,805
Median Earnings
$841
Median Rent
$188,700
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 - Four renovated multifamily properties totaling 65 units near Murray State University and I-641.
Where is this apartment building located?
The property is located at 1510 Diuguid Drive Murray, KY.
What are key features of this property?
This property features: Renovated multifamily portfolio with four properties totaling 65 units; Recently resurfaced and restriped parking lot plus new siding, painted steps and decks, and new roofs; Most unit interiors upgraded with new paint, flooring, and light fixtures
More about this property
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