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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# 129369

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 6,500-square-foot, two-story apartment property contains six individual units on a 1.22-acre parcel at 278 Weslee Way in Hazard. Built in 1994, the building includes covered porches, a deck, established landscaping, and paved parking accessed by asphalt and concrete drives. Interior features include first-floor bedrooms and ceiling fans, while appliances include refrigerators, stoves, washers, and dryers.

The property is situated behind Food City, providing a more secluded setting while remaining close to shopping, dining, medical facilities, and other area services. Public water and public sewer serve the site. Building systems include heat-pump heating, central air conditioning, and a metal roof. Zoning is listed as Mixed.

Key Highlights

  • Six individual apartments in a two‑story building
  • 6,500 square feet on a 1.22‑acre lot
  • Built in 1994

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 residential property with paved parking, covered porches, and established landscaping near shopping, dining, and medical services.
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: Six individual apartments in a two‑story building; 6,500 square feet on a 1.22‑acre lot; Built in 1994
More about this property
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