Historic Multifamily Apartment
For Sale
Contact for pricing
37 N Maysville St, Mount Sterling, KY 40353
Historic 23-unit, 21,800 SF apartment building built in 1890, undergoing renovations with major capital improvements underway.
Property Size21,800 SF
Lot Size0.17 Acres
Days on Market144
Property Features for 37 N Maysville St
General Information
Standard status
Active
Size
21,800 SF
Lot size
0.17 Acres
Property subtype
Multifamily
Zoning
B-3
Investment Type
Value Add
Additional Details
Sprinkler System
Yes
Multifamily Units
23
Building Details
Year Built
1890
Buildings
1
Units
23
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Justin Ryder · License #KY 245 461
(859) 264-0888
Source:
Crexi
Added: Apr 15
Changed: Aug 14
Last Checked: Sep 4 at 3:35AM
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 SVN | Stone Commercial Real Estate
Investment Insights
Based on property information with market context.
This historic apartment building was built in 1890 and currently contains 23 units totaling about 21,800 square feet. The property is in the process of being renovated, with extensive capital improvements already underway. Documented upgrades include a new roof, new windows, updated electrical and plumbing throughout all units, framing and structural repairs, and new fire sprinklers in all units.
The building is located in downtown Mount Sterling, Kentucky on a 0.17-acre site. The public remarks note strong support from the City of Mt. Sterling to help see the project completed.
For buyers or operators ready to finish the renovation and return the building to service, this is an opportunity to acquire a downtown historic multifamily asset with substantial work already in progress. Buyers are encouraged to review potential federal and state historic tax credit programs and other tax credit options that may apply to the rehabilitation of the property.
The building is located in downtown Mount Sterling, Kentucky on a 0.17-acre site. The public remarks note strong support from the City of Mt. Sterling to help see the project completed.
For buyers or operators ready to finish the renovation and return the building to service, this is an opportunity to acquire a downtown historic multifamily asset with substantial work already in progress. Buyers are encouraged to review potential federal and state historic tax credit programs and other tax credit options that may apply to the rehabilitation of the property.
Key Highlights
- Historic 23‑unit apartment building with 21,800 SF, built in 1890, in downtown Mt. Sterling, KY
- Major renovations underway, including a new roof and new windows
- Updated electrical and plumbing throughout all units
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 40353, KY
22,358
Population
9,876
Households
2.3
Avg Household Size
40
Median Age
22%
College-Educated
85%
High-School Grad
141.3 sq mi
ZIP Area
158
Density / Sq Mi
$56,981
Median Household Income
$38,404
Median Earnings
$794
Median Rent
$179,600
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 - Historic 23-unit, 21,800 SF apartment building built in 1890, undergoing renovations with major capital improvements underway.
Where is this apartment building located?
The property is located at 37 N Maysville St Mount Sterling, KY.
What are key features of this property?
This property features: Historic 23‑unit apartment building with 21,800 SF, built in 1890, in downtown Mt. Sterling, KY; Major renovations underway, including a new roof and new windows; Updated electrical and plumbing throughout all units
