Listing Agency: Weichert Realtors Ford Brothers

Listed By: Kesha Chitwood · License #KY

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 31 at 2:11PM

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Investment Insights

Based on property information with market context.

This multifamily property contains five apartment units, all currently rented. The building is located at 240 East Main Street in Mount Vernon, Kentucky, providing an established in-town setting for a residential income property.

Key Highlights

• Five‑unit apartment building
• All 5 units are currently rented
• Located at 240 East Main Street in Mount Vernon, KY 40456

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Cafe & Coffee Shop Florist Tanning Salon

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

5

Residential units

100%

Occupancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

354

Businesses Nearby

Explore this area Business Placement

Demographics for 40456, KY

8,949

Population

4,111

Households

2.2

Avg Household Size

43

Median Age

17%

College-Educated

82%

High-School Grad

162.8 sq mi

ZIP Area

55

Density / Sq Mi

$46,879

Median Household Income

$40,494

Median Earnings

$678

Median Rent

$140,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Fully leased multifamily property with five residential units on East Main Street.

Where is this apartment building located?

The property is located at 240 East Main Street Mount Vernon, KY.

What are key features of this property?

This property features: Five‑unit apartment building; All 5 units are currently rented; Located at 240 East Main Street in Mount Vernon, KY 40456