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24-Unit Apartment Building
For Sale
Contact for pricing
Pending

701 Cherry St, Henderson, KY 42420

Two-level residences provide separate living, kitchen, laundry, and sleeping areas within each unit.

Property SizeContact for details
Days on Market148

Property Features for 701 Cherry St

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 24 x 2BR/1BA
Multifamily Units 24
Listing Agency: Herron Auction & Realty
Listed By: Tiffany Leonard · License #Kentucky
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Sep 3 at 9:37AM

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 Herron Auction & Realty

Investment Insights

Based on property information with market context.

This apartment property contains 24 residences, each arranged across two levels. The upper floor includes two bedrooms and a bathroom, while the lower floor provides living, kitchen, and laundry areas. The configuration gives each residence a distinct separation between sleeping and everyday living spaces.

The property also includes an additional lot identified for potential development of 12 more units. It is located at 701 Cherry St in Henderson, Kentucky.

Key Highlights

  • 24‑unit apartment property in Henderson, KY
  • Each residence includes 2 bedrooms and 1 bathroom
  • Two‑level layout with living, kitchen, and laundry areas

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Bakery Electrical Service Locksmith Kitchen & Bath Showroom

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

24
Residential units

Location Intelligence

Trade Area within ½ mile

211
Businesses Nearby

Demographics for 42420, KY

37,664
Population
17,316
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
191.6 sq mi
ZIP Area
197
Density / Sq Mi
$56,661
Median Household Income
$39,168
Median Earnings
$792
Median Rent
$164,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-level residences provide separate living, kitchen, laundry, and sleeping areas within each unit.
Where is this apartment building located?
The property is located at 701 Cherry St Henderson, KY.
What are key features of this property?
This property features: 24‑unit apartment property in Henderson, KY; Each residence includes 2 bedrooms and 1 bathroom; Two‑level layout with living, kitchen, and laundry areas
More about this property
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