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Harrodsburg 19-Unit Income Property

202 S College Street, Harrodsburg, KY 40330

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For Sale

$475,000

COMMERCIAL - Harrodsburg, KY

Property size:

8,008 SF

Lot size:

0.19 Acres

Price / SF:

$59/SF

HighLights

19‑unit income property in Downtown Harrodsburg in an approx. 8,000 SF building
Built in 1910; originally constructed as a hospital and converted to apartments in the 1950s
Gross rent reported around $8,900 per month; historically about 90% occupancy
New metal roof installed in 2024
Utilities and systems include gas boiler heat, window A/C units, 300‑amp electrical service, and public sewer
Updates reported: updated plumbing/electrical; sold as‑is

We can help!

Listing Contact

Jared H Ervin

For Sale

$475,000

COMMERCIAL - Harrodsburg, KY

Property size:

8,008 SF

Lot size:

0.19 Acres

Price / SF:

$59/SF

Added:: Feb 7, 2025
Days on Market:: 500
Last Refresh:: Jun 22 at 7:06 am

Property Features for 202 S College Street

General Information

Property type: Commercial Sale
Property subtype: Other
Parking: 5
Security features: Security System
Standard status: Active
APN: 100.60-09003.00
Size: 8,008 SF
Lot size: 0.19 Acres

Utilities

Sewer type: Public Sewer
Heating system: Hot Water(Heating), Natural Gas, Steam
Cooling system: Window Unit(s)

Building Details

Year built: 1910
Floors in Building: 3
Building materials: Stucco
Roof type: Metal

We can help!

Listing Contact

Jared H Ervin

Listing agent Jared H Ervin License #281154

Listing office RM McGinnis, LLC Real Est & Auction Professionals 219 S Main St, Harrodsburg, KY

Listing date Feb 7, 2025

MLS# 26001844

HighLights

19‑unit income property in Downtown Harrodsburg in an approx. 8,000 SF building
Built in 1910; originally constructed as a hospital and converted to apartments in the 1950s
Gross rent reported around $8,900 per month; historically about 90% occupancy
New metal roof installed in 2024
Utilities and systems include gas boiler heat, window A/C units, 300‑amp electrical service, and public sewer
Updates reported: updated plumbing/electrical; sold as‑is

Overview

This 8,000 square foot, 19-unit income property is located in downtown Harrodsburg. Originally constructed as a hospital, it was converted to apartments in the 1950s. The property has been under current ownership since 1996 and is being sold as-is with no seller financing available. The building is well-maintained and turnkey, featuring a new roof installed in 2024, along with updated plumbing and electrical systems. There is no known major deferred maintenance. The property has historically maintained approximately 90% occupancy with a reliable rent roll, primarily serving elderly tenants on Social Security, which provides a stable income stream. Heating is provided by a gas boiler, and cooling is managed with window A/C units. The electrical service is 300-amp. Street parking is available. Local property management options are available. The property's flexible layout allows for future improvements or redevelopment. The gross rent is approximately $8,900 per month.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Harrodsburg
County: Mercer
State: Kentucky
Longitude: -84.846044
Latitude: 37.761172

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For sale
Apartment buildings
KY
Harrodsburg
40330
202 S College Street

What type of property is this?

Apartment building - 19-unit income property in downtown Harrodsburg generating $8,900 monthly.

Where is this apartment building located?

The property is located at 202 S College Street Harrodsburg, KY.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: 19‑unit income property in Downtown Harrodsburg in an approx. 8,000 SF building; Built in 1910; originally constructed as a hospital and converted to apartments in the 1950s; Gross rent reported around $8,900 per month; historically about 90% occupancy

202 S College Street, Harrodsburg, KY 40330

COMMERCIAL - Harrodsburg, KY

Property Features for 202 S College Street

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Former Butcher Shop with Refrigeration

Harrodsburg Commercial Property For Sale

Turn-Key Commercial Building in Harrodsburg

Harrodsburg Multifamily Investment Opportunity

Versatile Office Space with Income Potential

Turn-Key Restaurant Opportunity

Turn-Key Restaurant Opportunity

Harrodsburg Duplex Investment Opportunity

Two-Unit Duplex Investment Property

Triplex with Mixed Unit Types

Historic Harrodsburg Mixed-Use Investment

Historic Beaumont Inn For Sale

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