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Five-Building Apartment Portfolio
For Sale
$3,500,000

401 427 431 451 Hutchinson Ave, Paducah, KY 42003

Commercial/Industrial, 2 Story, Paducah, KY

Property SizeContact for details
Days on Market102

Property Features for 401 427 431 451 Hutchinson Ave

General Information

Property type Commercial Sale
Property subtype Other
Parking features Assigned
Lot features County
Directions From Mercy Health - Lourdes Hospital, turn left onto Lone Oak Road. In 1.1 miles, turn left onto Lakeview Drive. In 300 ft, turn right onto Albany. In 600 ft, turn right onto Atlanta. In .7 miles, turn left onto Hutchison Ave. Property is on the right
Subdivision McCracken
Standard status Active

Utilities

Heating system Electric (Heating), Heat Pump (Heating), Forced Air
Cooling system Central Air, Heat Pump
Water source Public

Amenities

assigned parking

Building Details

Floors in Building 2
Flooring type Tile, Carpet, Laminate
Building materials Frame
Roof type Metal
Architectural style Other
Listing Agency: Better Homes & Gardens Fern Leaf Group
Listed By: Jeffrey Pierce · License #261477
Added: Jun 2 Changed: Sep 2 Last Checked: Sep 11 at 2:06PM
MLS# 132188

Copyright © 2026 Western Kentucky Regional MLS 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 multifamily offering comprises five commercial buildings with more than 30,000 square feet of combined space. The property includes rental units with carpet, laminate, and tile flooring, along with electric heating, forced-air and heat-pump systems, and central air conditioning. Several units have been updated, and assigned parking is provided across the portfolio.

Located at 401, 427, 431, and 451 Hutchinson Ave in Paducah, Kentucky, the property is served by public water and sewer, Paducah Power electric service, and high-speed internet. The buildings also feature metal roofing. The site includes additional acreage for potential construction of structures, as stated in the property information.

Key Highlights

  • Five commercial buildings totaling over 30,000 square feet
  • Rental units with several updated interiors
  • Assigned parking across the property

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Building Supply (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Bakery

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

189
Businesses Nearby

Demographics for 42003, KY

28,592
Population
14,132
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
92%
High-School Grad
69.0 sq mi
ZIP Area
414
Density / Sq Mi
$54,052
Median Household Income
$33,566
Median Earnings
$696
Median Rent
$160,700
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 - Income-producing multifamily property with assigned parking, public utilities, and a mix of updated rental units.
Where is this apartment building located?
The property is located at 401 427 431 451 Hutchinson Ave Paducah, 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: Five commercial buildings totaling over 30,000 square feet; Rental units with several updated interiors; Assigned parking across the property
More about this property
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