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

1213 W Reservoir Avenue #1215 and 1217, Central City, KY 42330

On-site coin laundry serves residents, and tenants are responsible for electric service.

Property SizeContact for details
Lot Size1.90 Acres
Days on Market589

Property Features for 1213 W Reservoir Avenue #1215 and 1217

General Information

Standard status Active
Lot size 1.90 Acres
Property subtype Multi Family Home
Occupancy 100%

Additional Details

Gross Income $174,000
Multifamily Units 27
Tenant in Place Yes

Amenities

coin laundry

Building Details

Year Built 1977
Buildings 3
Listing Agency: Elmore Real Estate
Listed By: Jeff Hinkley · License #193375
Source: Elmorerealestate
Added: Mar 17, 2025 Changed: Oct 26 Last Checked: Oct 26 at 3:18PM

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 Elmore Real Estate

Rey
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Investment Insights

Based on property information with market context.

This 27-unit apartment property occupies approximately 1.9 acres and was built in 1977. Renovations were completed about six years ago. Exterior paint has been refreshed, most PTAC heating and air-conditioning units have been replaced, and one roof has been fully replaced. Coin-operated laundry is available on site.

The property is reported fully occupied. Residents pay electric service; ownership covers water, sewer, and trash.

Key Highlights

  • 27 apartment units on approximately 1.9 acres
  • Reported 100% occupancy
  • Coin‑operated laundry on site

Property Analytics

Lease Details

27
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

5
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

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 - On-site coin laundry serves residents, and tenants are responsible for electric service.
Where is this apartment building located?
The property is located at 1213 W Reservoir Avenue #1215 and 1217 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 apartment units on approximately 1.9 acres; Reported 100% occupancy; Coin‑operated laundry on site
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