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Five-Unit Apartment Property
For Sale
$330,000

402 E Wayne Street, Glasgow, KY 42141

Multi-Family, Glasgow, KY

Property SizeContact for details
Lot Size0.45 Acres
Days on Market488

Property Features for 402 E Wayne Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 2, Bathroom 2
Elementary school South Green
Middle school Glasgow
High school Glasgow
Directions South Morgan St to E Wayne St.
Subdivision Glasgow
Standard status Active
Lot size 0.45 Acres

Building Details

Number of units 5
Listing Agency: NextHome Realty Experts
Listed By: Connor Raymer · License #242785
Added: May 2, 2025 Changed: Aug 19 Last Checked: Sep 1 at 5:06PM
MLS# RA20252397

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 multifamily property comprises five units across a historic main home and two additional studio-style units. The main residence contains two 1-bedroom apartments and one 2-bedroom apartment, with 10-foot ceilings, original hardwood floors, newly installed windows, and updated kitchens equipped with new appliances. The two additional units are offered together and include open-concept layouts; one is configured as a 2-bedroom unit and the other as a 1-bedroom unit.

The property occupies 0.45 acres at 402 E Wayne Street in Glasgow, Kentucky. Its downtown setting places shopping, dining, and local amenities within walking distance. Buyers may acquire the main home, the two additional units as a package, or all five units together, providing several ownership configurations.

Key Highlights

  • Five total apartment units offered in multiple purchase configurations
  • Main home includes two 1‑bedroom units and one 2‑bedroom unit
  • Two additional studio‑style units sold together; layouts include 2‑bedroom and 1‑bedroom configurations

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office HVAC Service Plumbing 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

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 - Flexible ownership options include a three-unit main home and two separately packaged studio-style units.
Where is this apartment building located?
The property is located at 402 E Wayne Street Glasgow, KY.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Five total apartment units offered in multiple purchase configurations; Main home includes two 1‑bedroom units and one 2‑bedroom unit; Two additional studio‑style units sold together; layouts include 2‑bedroom and 1‑bedroom configurations
More about this property
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