Bowling Green Multifamily
314 Audley Ave, Bowling Green, KY 42101
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40-unit apartment complex in Bowling Green, Kentucky.
Type:Multifamily
Property size:
39,131 SFPrice / SF:
$124/SF- Added:
- Feb 17, 2026
- Days on Market:
- 105
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 314 Audley Ave
General Information
- Standard status
- Active
- Size
- 39,131 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2009
Listing agent Eric St. John License #KY
Listing office Neal Turner Realty (270) 781-8000
Listing date Feb 17, 2026
Source Crexi
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 Neal Turner Realty
HighLights
- 100% Occupancy Rate: Demonstrates strong demand and reliable income stream.
- Prime Investment Opportunity: Positioned as a strong and sustainable asset in the multifamily sector.
- Strategic Location: Close proximity to Western Kentucky University, National Corvette Museum, and the city center.
- Built in 2009: Relatively new construction compared to other investment properties.
- Zoned RM‑4/BE: Suitable for multifamily residences.
- Thriving Bowling Green Market: Stable economy and growing job market.
Overview
Audley Apartments presents an investment opportunity in Bowling Green, Kentucky. Constructed in 2009, this property offers 40 units within a 36,320 square foot building and is zoned RM-4/BE. The location enhances its appeal to investors seeking a sustainable asset in the multifamily sector. With a history of 100% occupancy, Audley Apartments presents an income stream, underscoring its potential to deliver returns and long-term financial stability. This property represents an investment for those looking to capitalize on the demand for multifamily residences in the Bowling Green market. The surrounding community offers a blend of urban amenities and southern charm, attracting residents and investors. Proximity to Western Kentucky University, the National Corvette Museum, and the city center provides residents with cultural, educational, and recreational opportunities. The area's dining scene, local boutiques, and parks add to the appeal. The region's economy and job market make it an attractive destination for multifamily and low-rise/garden investors seeking long-term growth potential. The property size is 39,131 square feet.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $657.4k | $16.80 |
| − Vacancy | −$32.9k | −$0.84 |
| EGI | $624.5k | $15.96 |
| − OpEx | −$281.0k | −$7.18 |
| NOI | $343.5k | $8.78 |
39,131 SF · lease $16.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.91M
$4.29M – $5.72M
NOI $343,492 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.64M
$7.56M – $10.08M
NOI $604,959 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Bowling Green
- County
- Warren
- State
- Kentucky
- Longitude
- -86.4914888
- Latitude
- 36.9845514
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 40-unit apartment complex in Bowling Green, Kentucky.
Where is this apartment building located?
The property is located at 314 Audley Ave Bowling Green, KY.
What is the asking price?
The asking price for this property is $4,880,000.
What are key features of this property?
This property features: 100% Occupancy Rate: Demonstrates strong demand and reliable income stream.; Prime Investment Opportunity: Positioned as a strong and sustainable asset in the multifamily sector.; Strategic Location: Close proximity to Western Kentucky University, National Corvette Museum, and the city center.
