Multifamily Property with Multiple
For Sale
$385,000
221 E 4th Street, London, KY 40741
Commercial zoning applies to a rental property comprising standalone homes and a separate apartment building.
Property Size4,905 SF
Price / SF$78.49
Days on Market10
Property Features for 221 E 4th Street
General Information
Standard status
Active
Size
4,905 SF
Property subtype
Multi Family Home
Zoning
C-1, Commercial (40)
Additional Details
Gross Income
$47,400
Multifamily Units
5
Building Details
Building Size
4,905 SF
Year Built
1947
Buildings
3
Stories
2
Units
5
Listing Agency:
Keller Williams Legacy Group
(859) 544-6175
Listed By:
Lindsey A Wagers · License #223186
(606) 767-3284
Source:
Bluegrasspropertiesgroup
Added: Oct 14
Changed: Oct 22
Last Checked: Oct 22 at 2:18PM
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 Keller Williams Legacy Group
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Investment Insights
Based on property information with market context.
This multifamily property includes 5 rental units across 3 buildings: two standalone homes and a third structure with two upstairs one-bedroom, one-bathroom apartments and a lower-level rental unit. One apartment has been renovated, House A has a metal roof, and both homes have basements. The property was built in 1947 and is zoned C-1, Commercial (40).
Located at 221 E 4th Street in downtown London, the property generates rental income. Tenants pay their own electric and water.
Located at 221 E 4th Street in downtown London, the property generates rental income. Tenants pay their own electric and water.
Key Highlights
- 5 rental units across 3 separate buildings
- Two upstairs apartments each have 1 bedroom and 1 bathroom
- C‑1, Commercial (40) zoning
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
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Business Placement
Demographics for 40741, KY
23,327
Population
10,344
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
207.6 sq mi
ZIP Area
112
Density / Sq Mi
$60,417
Median Household Income
$38,078
Median Earnings
$825
Median Rent
$155,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Commercial zoning applies to a rental property comprising standalone homes and a separate apartment building.
Where is this multifamily property located?
The property is located at 221 E 4th Street London, KY.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 5 rental units across 3 separate buildings; Two upstairs apartments each have 1 bedroom and 1 bathroom; C‑1, Commercial (40) zoning
