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Multifamily Property with 8 Rental Units
For Sale
$410,000

2885 Main Street, Clay City, KY 40312

Residential Income, Clay City, KY

Property Size1,920 SF
Lot Size3.00 Acres
Price / SF$213.54
Days on Market47

Property Features for 2885 Main Street

General Information

Property type Residential
Property subtype Triplex
Bedrooms 18
Bathrooms 10
Full bathrooms 10
Rooms Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 15, Bathroom 2, Bedroom 14, Bathroom 10, Bathroom 6, Bedroom 18, Bedroom 16, Bedroom 9, Bedroom 13, Bathroom 9, Bedroom 12, Bedroom 8, Bathroom 5, Bathroom 7, Bathroom 8, Bedroom 11, Bedroom 17, Bedroom 2, Bedroom 3, Bedroom 7, Bathroom 4, Bathroom 1, Bedroom 10
Subdivision Rural
Elementary school Clay City
Middle school Powell Co
High school Powell Co
Elementary school district Powell County -19
Middle school district Powell County -19
High school district Powell County -19
Directions From the Mountain Parkway, the the Clay City exit and turn towards Clay City. Go right on Main Street/Route11. Property is on the right.
Standard status Active
APN 15P-00-00-024.01
Size 1,920 SF
Lot size 3.00 Acres

Utilities

Heating system Electric (Heating), Forced Air, Natural Gas
Cooling system Central Air, Window Unit(s), Electric

Building Details

Number of units 8
Roof type Metal
Listing Agency: Murphy Realty Group
Listed By: Brenda G Murphy · License #187111
Added: Jul 31 Changed: Sep 12 Last Checked: Sep 15 at 7:06AM
MLS# 26020528

Copyright © 2026 ImagineMLS. 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 multifamily property includes 8 rental units distributed among a triplex, a house, and 4 manufactured homes. The improvements occupy an approximately 3-acre setting with mature shade trees and a country atmosphere. Several units have received interior updates, including modern flooring and upgraded appliances, while newer septic systems serve the property. The recorded property size is 1,920 square feet, with heating provided by electric, forced air, and natural gas systems and cooling through central air and window units.

Located at 2885 Main Street in Clay City, the property offers access to the Mountain Parkway and surrounding communities. Red River Gorge and other outdoor destinations are also within the broader area.

Key Highlights

  • 8 rental units across a triplex, house, and 4 manufactured homes
  • Approximately 3 acres with mature shade trees and a country setting
  • 1,920 square feet of recorded property size

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Building Supply Auto Repair Shop Auto Parts Store Daycare Center Travel Agency Electronics & Wireless 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

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

18
Businesses Nearby

Demographics for 40312, KY

6,010
Population
2,748
Households
2.2
Avg Household Size
40
Median Age
15%
College-Educated
77%
High-School Grad
56.9 sq mi
ZIP Area
106
Density / Sq Mi
$38,081
Median Household Income
$35,050
Median Earnings
$710
Median Rent
$148,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Income-producing residential property combining multiple dwelling types with updated interiors, newer septic systems, and a rural setting.
Where is this multifamily property located?
The property is located at 2885 Main Street Clay City, KY.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 8 rental units across a triplex, house, and 4 manufactured homes; Approximately 3 acres with mature shade trees and a country setting; 1,920 square feet of recorded property size
More about this property
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