Affordable Multifamily Housing
For Sale
Contact for pricing
Pending
2718 Zion Road, Henderson, KY 42420
48-unit affordable community built in 1998 with 2- and 3-bedroom units and in-unit washer/dryer hookups.
Property Size40,640 SF
Days on Market60
Property Features for 2718 Zion Road
General Information
Standard status
Pending
Size
40,640 SF
Property subtype
Multifamily
Occupancy
91%
Investment Type
Stabilized
Additional Details
Business Included
Yes
Multifamily Units
48
Building Details
Year Built
1998
Units
48
Listing Agency:
The Kirkland Company
Listed By:
Brian Devlin · License #222755
Source:
Crexi
Added: Jul 7
Changed: Sep 3
Last Checked: Sep 2 at 10:54PM
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 The Kirkland Company
Investment Insights
Based on property information with market context.
Cambridge Pointe is a 48-unit affordable housing community built in 1998 in Henderson, Kentucky. The property features all 2- and 3-bedroom floor plans and includes in-unit washer/dryer connections. Current occupancy is reported at 91.67%.
The asset has been maintained with approximately $17,300 per unit in capital improvements, including flooring, appliances, asphalt overlay, siding, roofs, entry doors, and HVAC replacements. Ownership also benefits from a scheduled 2028 LIHTC restriction expiration, with no decontrol period provisions noted in the materials.
The asset has been maintained with approximately $17,300 per unit in capital improvements, including flooring, appliances, asphalt overlay, siding, roofs, entry doors, and HVAC replacements. Ownership also benefits from a scheduled 2028 LIHTC restriction expiration, with no decontrol period provisions noted in the materials.
Key Highlights
- 48‑unit affordable housing community built in 1998 in Henderson, Kentucky (Evansville, IN MSA)
- All units are 2- and 3‑bedroom floor plans with in‑unit washer/dryer connections
- 91.67% occupancy reported
Property Analytics
Property Profile
Current Use
Lease Details
48
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
131
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 - 48-unit affordable community built in 1998 with 2- and 3-bedroom units and in-unit washer/dryer hookups.
Where is this apartment building located?
The property is located at 2718 Zion Road Henderson, KY.
What are key features of this property?
This property features: 48‑unit affordable housing community built in 1998 in Henderson, Kentucky (Evansville, IN MSA); All units are 2- and 3‑bedroom floor plans with in‑unit washer/dryer connections; 91.67% occupancy reported
