Henderson Multifamily Turnkey
For Sale
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242 Shenandoah Place, Henderson, KY 42420
20-unit multifamily property with recent and ongoing capital improvements.
Property Size26,700 SF
Days on Market108
Property Features for 242 Shenandoah Place
General Information
Standard status
Active
Size
26,700 SF
Class
B
Property subtype
Multifamily
Investment Type
Value Add
Building Details
Year Built
1973
Buildings
4
Listing Agency:
Franklin Street Tampa
Listed By:
Cade Jaggers · License #TN #383716
(615) 208-3451
Source:
Crexi
Added: May 19
Changed: Aug 14
Last Checked: Sep 1 at 11:41AM
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 Franklin Street Tampa
Investment Insights
Based on property information with market context.
Shenandoah Townhomes is a 20-unit multifamily community located in Henderson. Constructed in 1973 with brick, the property features townhome-style floorplans. The units are primarily 2-bedroom, 1.5-bath layouts, averaging approximately 1,205 square feet. The property has undergone extensive upgrades, including new roofs, renovated kitchens with granite countertops and new cabinetry, updated flooring, modern fixtures, and renovated interiors throughout. Additional improvements currently in progress are expected to be completed prior to closing. The property currently achieves average rents of approximately $1,160 per unit. It benefits from convenient access to major employers, retail centers, and the broader Evansville employment base just 15–20 minutes away. The property size is 26,700 square feet.
Key Highlights
- Turnkey multifamily community with approximately $600,000 in recent and ongoing capital improvements.
- Spacious townhome‑style floorplans averaging 1,205 square feet.
- Renovated kitchens feature granite countertops, new cabinetry, updated flooring, and modern fixtures.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 42420, KY
37,664
Population
17,316
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
89%
High-School Grad
191.6 sq mi
ZIP Area
197
Density / Sq Mi
$56,661
Median Household Income
$39,168
Median Earnings
$792
Median Rent
$164,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 20-unit multifamily property with recent and ongoing capital improvements.
Where is this apartment building located?
The property is located at 242 Shenandoah Place Henderson, KY.
What are key features of this property?
This property features: Turnkey multifamily community with approximately $600,000 in recent and ongoing capital improvements.; Spacious townhome‑style floorplans averaging 1,205 square feet.; Renovated kitchens feature granite countertops, new cabinetry, updated flooring, and modern fixtures.
