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5-Unit Apartment Building
For Sale
$245,000

306 E Main Street, Glasgow, KY 42141

Multi-Family, Glasgow, KY

Property SizeContact for details
Lot Size0.26 Acres
Days on Market506

Property Features for 306 E Main Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 2, Bathroom 5
Parking 4
Elementary school South Green
Middle school Glasgow
High school Glasgow
Directions Property is located at the southwest corner of East Main Street and North Morgan Street in Glasgow, KY. From the Glasgow square,take East Main east away from the square and property is on the right, at the North Morgan intersection.
Subdivision Glasgow Northeast
Standard status Active
Lot size 0.26 Acres

Building Details

Year built 1965
Number of units 5
Listing Agency: NextHome Realty Experts
Listed By: Connor Raymer · License #242785
Added: Apr 25, 2025 Changed: Sep 3 Last Checked: Sep 12 at 11:06AM
MLS# RA20252235

Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. 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 5-unit apartment property includes three studio residences and two one-bedroom, one-bath units. Each apartment has its own electric mini-split system for heating and cooling. Improvements include new flooring in four units, updated kitchen appliances throughout, and upgrades to two mini-split systems. The roof was replaced around 2020, and the landlord currently pays all utilities.

Located at 306 E Main Street in Glasgow, Kentucky, the property sits on 0.26 acres within the city. Shopping, dining, and essential services are nearby. Built in 1965, the building offers a defined unit mix with recent updates already completed across much of the property.

Key Highlights

  • 5‑unit apartment property with three studios and two 1 bed/1 bath units
  • Individual electric mini‑split systems serve each apartment
  • New flooring installed in four units

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Plumbing Service HVAC Service Computer & Electronic Repair Grocery & Convenience Store Kitchen & Bath Showroom

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

675
Businesses Nearby

Demographics for 42141, KY

32,207
Population
14,385
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
268.5 sq mi
ZIP Area
120
Density / Sq Mi
$51,188
Median Household Income
$35,094
Median Earnings
$833
Median Rent
$170,700
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?
Apartment building - Updated rental property with individual electric mini-split systems, refreshed flooring, and new kitchen appliances.
Where is this apartment building located?
The property is located at 306 E Main Street Glasgow, KY.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 5‑unit apartment property with three studios and two 1 bed/1 bath units; Individual electric mini‑split systems serve each apartment; New flooring installed in four units
More about this property
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