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    Five-Building Apartment Income Portfolio Title is generated by Realmo AI

    401 427 431 451 Hutchinson Ave, Paducah, KY 42003

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    Claim this Listing
    For Sale
    $3,500,000

    COMMERCIAL - Paducah, KY

    Property size:
    30,000 SF
    Price / SF:
    $116/SF
    Added:
    Jun 2, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 13 at 4:06 am

    Property Features for 401 427 431 451 Hutchinson Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Assigned
    Standard status
    Active

    Utilities

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

    Building Details

    Floors in Building
    2
    Flooring type
    Tile, Carpet, Laminate
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

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    Listing Contact
    Jeffrey Pierce

    Listing agent Jeffrey Pierce License #261477

    Listing office Better Homes & Gardens Fern Leaf Group 2018 Broadway, Paducah, KY

    Listing date Jun 2, 2026

    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.

    HighLights

    • Income‑producing portfolio with strong rental history and immediate cash flow.
    • Five commercial buildings totaling over 30,000 square feet.
    • Turn‑key asset with essential utilities in place.
    • Solid brick and siding construction with metal roof.
    • Assigned parking and screened tenants for stability.
    • Acreage available to build additional structures.

    Overview

    This for-sale portfolio includes five commercial buildings totaling over 30,000 square feet. The property is brick and siding construction and features assigned parking for tenants. On-site utilities are in place, including high-speed internet, public water/sewer, and Paducah Power electric. The tenant screening process is described as being completed prior to occupancy, and several rental units have been updated.

    The buildings are located at 401, 427, 431, and 451 Hutchinson Ave in Paducah, Kentucky 42003, within McCracken County. The offering is presented as a consolidated, turn-key investment package with multiple structures in place.

    For investors seeking a multi-building setup, this portfolio offers a managed, income-producing configuration across five separate buildings, supported by existing utility services and assigned parking. With some units noted as updated and multiple structures within the same ownership group, it may fit buyers looking for a straightforward operational footprint. The property also includes acreage to build additional structures, expanding options for future development within the same overall site.

    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 $489.6k $16.32
    − Vacancy −$42.1k −$1.40
    EGI $447.5k $14.92
    − OpEx −$201.4k −$6.71
    NOI $246.1k $8.20
    30,000 SF · lease $16.32/SF/yr · vacancy 8.60% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $3.52M
    $3.08M – $4.10M (±1% cap)
    NOI $246,122 @ 7.0% cap · market cap 7.03%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $6.25M
    $5.47M – $7.29M (±1% cap)
    NOI $437,549 @ 7.0% cap · market cap 12.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paducah
    County
    McCracken
    State
    Kentucky
    Longitude
    -88.658445
    Latitude
    37.02862

    FAQs

    What type of property is this?
    Apartment building - Five commercial buildings provide income-producing units with assigned parking and utilities including public water/sewer.
    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: Income‑producing portfolio with strong rental history and immediate cash flow.; Five commercial buildings totaling over 30,000 square feet.; Turn‑key asset with essential utilities in place.
    More about this property
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