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Four-Unit Quadplex Near Murray State
New
For Sale
$550,000

1418 Michelle Drive, Murray, KY 42071

Four residential units provide a compact multifamily configuration near campus, shopping, and dining.

Property Size4,400 SF
Price / SF$125
Days on Market7

Property Features for 1418 Michelle Drive

General Information

Standard status Active
Size 4,400 SF
Property subtype Multi-family

Units

Unit Mix 4 x 2BR/1.5BA
Multifamily Units 4

Building Details

Year Built 1994
Buildings 1
Listing Agency: Harris Real Estate & Auction
Listed By: Jessica Canestrini · License #282347
Source: Benchmarkrealtytn
Added: Aug 17 Changed: Aug 22 Last Checked: Aug 22 at 9:03AM

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 Harris Real Estate & Auction

Investment Insights

Based on property information with market context.

Built in 1994, this 4,400-square-foot quadplex contains four separate residential units, each offering a two-bedroom, 1.5-bath layout. The configuration brings multiple apartments together in one property and provides a straightforward multifamily format for ownership and management.

The property is located approximately 1.5 miles from Murray State University, with shopping, dining, and other amenities also identified nearby. Its proximity to the university and four-unit design define the asset’s primary operating characteristics.

Key Highlights

  • Four‑unit quadplex with 4,400 square feet
  • Four separate 2‑bedroom, 1.5‑bath units
  • Built in 1994

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Real Estate Agency (Bike/Boat/Book/etc) Store Carpet & Flooring Store HVAC Service Computer & Electronic Repair

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

211
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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four residential units provide a compact multifamily configuration near campus, shopping, and dining.
Where is this quadplex located?
The property is located at 1418 Michelle Drive Murray, KY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4,400 square feet; Four separate 2‑bedroom, 1.5‑bath units; Built in 1994
More about this property
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