Four-Unit Multifamily
New
For Sale
$429,000
1340 Us 60 Hwy, Ashland, KY 41102
Three-building property with residential rental units, paved parking, and flexible reuse potential under no zoning restrictions.
Property Size5,053 SF
Price / SF$84.90
Days on Market7
Property Features for 1340 Us 60 Hwy
General Information
Standard status
Active
Size
5,053 SF
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Buildings
3
Listing Agency:
RE/MAX Realty Connection, LLC
(606) 325-0407
Listed By:
JILL BOND · License #66186
(606) 232-6253
Source:
Exprealty
Added: Sep 1
Changed: Sep 6
Last Checked: Sep 6 at 2:57PM
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 RE/MAX Realty Connection, LLC
Investment Insights
Based on property information with market context.
This multifamily property comprises three separate structures totaling approximately 5, 053 square feet and has most recently operated as four residential rental units. The primary 3,517-square-foot building was originally constructed for banking use and has been adapted into two residences. It includes a new roof and HVAC system. Two detached buildings, each approximately 768 square feet, were constructed in 2021 and currently contain two-bedroom, one-bath units.
The property is located at 1340 US 60 Hwy in Ashland, Kentucky, approximately 1 mile from Camp Landing Entertainment District, Sandy’s Gaming, and Sandy Ridge Horse Track. Interstate 64 is approximately 3 miles away. Paved parking is available on site, with additional room for expansion. No zoning restrictions are identified, and the existing structures are described as suitable for continued residential use, commercial conversion, professional office, retail, or redevelopment.
The property is located at 1340 US 60 Hwy in Ashland, Kentucky, approximately 1 mile from Camp Landing Entertainment District, Sandy’s Gaming, and Sandy Ridge Horse Track. Interstate 64 is approximately 3 miles away. Paved parking is available on site, with additional room for expansion. No zoning restrictions are identified, and the existing structures are described as suitable for continued residential use, commercial conversion, professional office, retail, or redevelopment.
Key Highlights
- Approximately 5, 053 square feet across three separate structures
- Most recently utilized as four residential rental units
- Primary building measures approximately 3,517 square feet
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 41102, KY
21,101
Population
8,780
Households
2.4
Avg Household Size
44
Median Age
20%
College-Educated
88%
High-School Grad
49.8 sq mi
ZIP Area
424
Density / Sq Mi
$68,110
Median Household Income
$41,279
Median Earnings
$790
Median Rent
$152,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Three-building property with residential rental units, paved parking, and flexible reuse potential under no zoning restrictions.
Where is this multifamily property located?
The property is located at 1340 Us 60 Hwy Ashland, KY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Approximately 5, 053 square feet across three separate structures; Most recently utilized as four residential rental units; Primary building measures approximately 3,517 square feet
