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Multifamily Property with Eight Units
For Sale
$410,000

2885 Main Street, Clay City, KY 40312

MANUFACTURED - Clay City, KY

Property Size1,920 SF
Lot Size3.00 Acres
Price / SF$213.54
Days on Market9

Property Features for 2885 Main Street

General Information

Property type Residential
Property subtype Triplex
Bedrooms 18
Bathrooms 10
Full bathrooms 10
Rooms Bathroom 4, Bedroom 11, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 7, Bedroom 10, Bathroom 7, Bedroom 14, Bathroom 1, Bedroom 4, Bathroom 9, Bedroom 2, Bedroom 6, Bedroom 18, Bedroom 17, Bedroom 13, Bathroom 2, Bedroom 9, Bathroom 6, Bathroom 10, Bedroom 1, Bedroom 12, Bathroom 8, Bedroom 8, Bathroom 5, Bedroom 15, Bedroom 16
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 Natural Gas, Forced Air, Electric (Heating)
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: Aug 3 Last Checked: Aug 8 at 11:06PM
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 contains eight rental units distributed among a triplex, a house, and four manufactured homes. The approximately 3-acre site includes 1,920 square feet of property improvements, with 18 bedrooms and 10 bathrooms identified in the room data. Several units have received flooring and appliance updates, while newer septic systems serve the property. Heating includes natural gas, forced air, and electric systems; cooling is provided by central air, window units, and electric equipment. Metal roofing is also present.

Located at 2885 Main Street in Clay City, Kentucky, the property is a short drive from the Mountain Parkway. Its Powell County setting provides access to surrounding communities, local conveniences, and outdoor destinations including Red River Gorge.

Key Highlights

  • Eight rental units across a triplex, house, and four manufactured homes
  • Approximately 3 acres in Clay City, KY
  • 18 bedrooms and 10 bathrooms identified in the room data

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Hair Salon Nail Salon Computer & Electronic Repair Skin Care Clinic Daycare Center

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

73
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

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 - Rental improvements include updated flooring, upgraded appliances, and newer septic systems across the property.
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: Eight rental units across a triplex, house, and four manufactured homes; Approximately 3 acres in Clay City, KY; 18 bedrooms and 10 bathrooms identified in the room data
More about this property
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