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Improved 10-Unit Apartment Building

135 E Walnut St, Danville, KY 40422

For Sale
$1,275,000

Updated multifamily property with on-site parking near downtown restaurants, shopping, medical services, and community attractions.

Property Size6,864 SF
Price / SF$185.75
Days on Market50

Property Features for 135 E Walnut St

General Information

Standard status Active
Size 6,864 SF
Property subtype Multi-Family

Building Details

Year Built 1976
Listing Agency: Bluegrass Home Group
Listed By: Michelle Gunter · License KY #220002
Source: Reliance1realty
Added: Sep 22 Changed: Nov 9 Last Checked: Nov 10 at 8:44AM

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 Bluegrass Home Group

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Investment Insights

Based on property information with market context.

This 10-unit apartment building contains 6,864 square feet and was constructed in 1976. Property improvements include a new roof, upgraded HVAC systems, and renovated units, along with on-site parking. The configuration offers a manageable multifamily asset with substantial work already completed across major building components.

The property is located at 135 E. Walnut Street in downtown Danville, beside historic Constitution Square and within blocks of the Main Street district. Ephraim McDowell Regional Medical Center is approximately 0.2 mile away, while Centre College is a short distance along the Walnut Street corridor. The building may also be acquired with neighboring properties at 115 and 125 E. Walnut Street as part of a 28-unit portfolio, with an expanded package including three additional Danville duplexes for a combined 34 units.

Key Highlights

  • 10‑unit apartment building with 6,864 square feet
  • New roof and updated HVAC systems
  • Units updated throughout

Location Intelligence

Trade Area within ½ mile

1,196
Businesses Nearby

Demographics for 40422, KY

25,918
Population
10,627
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
92%
High-School Grad
108.3 sq mi
ZIP Area
239
Density / Sq Mi
$60,926
Median Household Income
$36,910
Median Earnings
$774
Median Rent
$214,300
Median Home Value

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 - Updated multifamily property with on-site parking near downtown restaurants, shopping, medical services, and community attractions.
Where is this apartment building located?
The property is located at 135 E Walnut St Danville, KY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 10‑unit apartment building with 6,864 square feet; New roof and updated HVAC systems; Units updated throughout
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