Pine Ridge 48-Unit Apartment
For Sale
$3,500,000
Pending
300 Pine Ridge Dr, Morehead, KY 40351
HUD-supported housing community with a diversified bedroom mix, management office, and on-site laundry facility.
Property Size37,386 SF
Days on Market316
Property Features for 300 Pine Ridge Dr
General Information
Standard status
Pending
Size
37,386 SF
Property subtype
Commercial
Building Details
Year Built
1978
Listing Agency:
HomeLand Real Estate Inc - Mt Sterling
(606) 356-9029
Listed By:
Talitha L Martin · License #263140
Source:
Centralkentuckyhouses
Added: Oct 21, 2025
Changed: Aug 30
Last Checked: Aug 25 at 6:00AM
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 HomeLand Real Estate Inc - Mt Sterling
Investment Insights
Based on property information with market context.
Pine Ridge Apartments is a 48-unit apartment community comprising 37,386 square feet. The property includes 8 three-bedroom units, 16 two-bedroom units, and 24 one-bedroom units, creating a varied residential configuration. Built in 1978, the community operates as HUD housing through the U.S. Department of Housing and Urban Development. On-site operational features include a management office and tenant laundry facility.
The apartments occupy approximately 4 acres at 300 Pine Ridge Dr in Morehead, Kentucky. An additional 36 wooded acres surround the property, providing a natural setting near the residential community. The combination of established multifamily improvements, HUD housing operations, and multiple unit sizes provides a clearly defined apartment asset.
The apartments occupy approximately 4 acres at 300 Pine Ridge Dr in Morehead, Kentucky. An additional 36 wooded acres surround the property, providing a natural setting near the residential community. The combination of established multifamily improvements, HUD housing operations, and multiple unit sizes provides a clearly defined apartment asset.
Key Highlights
- 48‑unit apartment community totaling 37,386 square feet
- Unit mix includes 8 three‑bedroom, 16 two‑bedroom, and 24 one‑bedroom units
- Operates as HUD housing through the U.S. Department of Housing and Urban Development
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 40351, KY
22,305
Population
9,497
Households
2.3
Avg Household Size
33
Median Age
27%
College-Educated
88%
High-School Grad
268.2 sq mi
ZIP Area
83
Density / Sq Mi
$51,110
Median Household Income
$26,278
Median Earnings
$775
Median Rent
$163,000
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 - HUD-supported housing community with a diversified bedroom mix, management office, and on-site laundry facility.
Where is this apartment building located?
The property is located at 300 Pine Ridge Dr Morehead, KY.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 48‑unit apartment community totaling 37,386 square feet; Unit mix includes 8 three‑bedroom, 16 two‑bedroom, and 24 one‑bedroom units; Operates as HUD housing through the U.S. Department of Housing and Urban Development
