48-Unit Apartment
For Sale
$3,500,000
300 Pine Ridge Drive, Morehead, KY 40351
Commercial Sale, Morehead, KY
Property Size37,386 SF
Lot Size40.00 Acres
Price / SF$93.62
Days on Market253
Property Features for 300 Pine Ridge Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R3
Subdivision
City Limits
Directions
From Exit 137, turn right onto Flemingsburg Rd toward Morehead, go 0.8 miles the property will be on your left.
Standard status
Active
APN
062-00 00 033.0, 062-00 00 032.00
Size
37,386 SF
Lot size
40.00 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Electric
Amenities
management office
tenant laundry facility
Building Details
Year built
1978
Building materials
Brick, Wood Siding
Roof type
Shingle
Listing Agency:
HomeLand Real Estate Inc - Mt Sterling
(606) 356-3063
Listed By:
Talitha L Martin · License #263140
(606) 356-9029
Added: Feb 5
Changed: Oct 13
Last Checked: Oct 16 at 10:06AM
MLS# 26002179
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.
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Investment Insights
Based on property information with market context.
Pine Ridge Apartments is a 48-unit community with 37,386 square feet of building area. The unit mix consists of 24 one-bedroom apartments, 16 two-bedroom apartments, and 8 three-bedroom apartments. Built in 1978, the property has brick and wood siding, electric heating and cooling, a shingle roof, and public sewer service. An on-site management office and tenant laundry facility are part of the property.
The community operates as HUD housing, and buyers must receive HUD approval. It is located in Morehead, Kentucky.
The community operates as HUD housing, and buyers must receive HUD approval. It is located in Morehead, Kentucky.
Key Highlights
- 48 apartments: 24 one‑bedroom, 16 two‑bedroom, and 8 three‑bedroom units
- 37,386 square feet of building area
- HUD housing; buyer approval by HUD is required
Property Analytics
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Current Use
Lease Details
48
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - HUD housing includes an on-site management office and resident laundry facility.
Where is this apartment building located?
The property is located at 300 Pine Ridge Drive 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 apartments: 24 one‑bedroom, 16 two‑bedroom, and 8 three‑bedroom units; 37,386 square feet of building area; HUD housing; buyer approval by HUD is required
