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Six-Unit Apartment Building
New
For Sale
$650,000

278 Weslee Way, Hazard, KY 41701

Residential Income, 2 Story, Hazard, KY

Property Size6,500 SF
Lot Size1.22 Acres
Price / SF$100
Days on Market4

Property Features for 278 Weslee Way

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Mixed
Bedrooms 10
Bathrooms 7
Full bathrooms 7
Rooms Bedroom 8, Bathroom 4, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 6, Bathroom 1, Bathroom 7, Bathroom 2, Bedroom 5, Bedroom 10, Bedroom 2, Bedroom 9, Bedroom 1, Bathroom 5
Window features Double Pane Windows
Patio and Porch features Deck
Interior features 1st Floor Bedroom, Ceiling Fans
Exterior features Asphalt Drive, Concrete Drive
Basement Crawl Space
Appliances Dryer, Electric, Gas, Refrigerator, Stove, Washer
Subdivision Not in Subdivision
High school Perry County Central
Directions From the intersection of KY-15 & KY-80, take KY-15 toward Hazard, go 0.5 mi., turn right onto Morton Blvd., at the red light go straight into the Food City Parking lot, go left to the rear of the store, the driveway to Weslee Way is marked and goes up the hill. Go straight up the hill and into the parking lot for the apartments.
Standard status Active
Size 6,500 SF
Lot size 1.22 Acres

Utilities

Sewer type Public Sewer
Heating system Heat Pump (Heating)
Cooling system Central Air
Water source Public

Amenities

covered porches
established landscaping

Building Details

Year built 1994
Number of units 6
Roof type Metal
Architectural style Other
Listing Agency: eXp Realty LLC
Listed By: Millie Blair
Added: Sep 19 Last Checked: Sep 22 at 1:06PM
MLS# 129370

Copyright © 2026 Eastern Kentucky Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This two-story apartment building contains 6 individual apartments within approximately 6,500 square feet on a 1.22-acre parcel. Constructed in 1994, the property includes 10 bedrooms and 7 bathrooms, with a mix of interior and exterior features suited to residential occupancy. Individual apartments include appliances such as refrigerators, stoves, washers, and dryers. Central air, heat pump heating, public water, public sewer, and a metal roof are also provided.

The property occupies a private setting just behind Food City in Hazard, with shopping, dining, medical facilities, and other area amenities nearby. Paved and concrete drive areas support on-site parking, while covered porches, a deck, and established landscaping add outdoor functionality. The property is identified with Mixed zoning.

Key Highlights

  • 6 individual apartments in approximately 6,500 square feet
  • 1.22‑acre parcel with a private setting behind Food City
  • 10 bedrooms and 7 bathrooms

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Building Supply Real Estate Agency Garden Center (Bike/Boat/Book/etc) Store Auto Parts Store

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

479
Businesses Nearby

Demographics for 41701, KY

16,761
Population
7,596
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
81%
High-School Grad
140.4 sq mi
ZIP Area
119
Density / Sq Mi
$39,427
Median Household Income
$32,150
Median Earnings
$802
Median Rent
$107,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-story apartment property with paved parking, covered porches, established landscaping, and convenient access to local amenities.
Where is this apartment building located?
The property is located at 278 Weslee Way Hazard, KY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6 individual apartments in approximately 6,500 square feet; 1.22‑acre parcel with a private setting behind Food City; 10 bedrooms and 7 bathrooms
More about this property
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