Affordable Senior Housing
407 North 2nd Street Nicholasville, KY 40356
For Sale
Contact for pricing
Portfolio of 56 affordable senior housing units across two nearby properties with shared management oversight.
Property Size45,140 SF
Days on Market18
Property Features for 407 North 2nd Street
General Information
- Standard status
- Active
- Size
- 45,140 SF
- Property subtype
- Multifamily, Senior Living
Building Details
- Year Built
- 2004
Listing Agency:
The Kirkland Company
Listed By:
Brian Devlin · License #222755
Source:
Crexi
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 23 at 5:39PM
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 The Kirkland Company
Investment Insights
Based on property information with market context.
Creekside Senior & Nicholasville Greens is a 56-unit affordable housing portfolio in Nicholasville, Kentucky. The offering includes two assets located less than one mile apart, with shared management, maintenance, and leasing oversight. Creekside Senior provides one- and two-bedroom senior housing units, while Nicholasville Greens features larger three- and four-bedroom townhome-style floorplans.
In-place rents trail the 2026 Jessamine County net maximum rents across the unit mix, and the portfolio remains within the existing 60% AMI affordability framework. Recent ownership has completed meaningful capital improvements across the properties, reducing near-term capital needs for new ownership.
The portfolio also benefits from proximity to major Lexington MSA employment drivers, including the University of Kentucky, Kentucky State Government, Toyota Kentucky, Baptist Health, and Amazon.
In-place rents trail the 2026 Jessamine County net maximum rents across the unit mix, and the portfolio remains within the existing 60% AMI affordability framework. Recent ownership has completed meaningful capital improvements across the properties, reducing near-term capital needs for new ownership.
The portfolio also benefits from proximity to major Lexington MSA employment drivers, including the University of Kentucky, Kentucky State Government, Toyota Kentucky, Baptist Health, and Amazon.
Key Highlights
- 56‑unit affordable housing portfolio in Nicholasville, KY (Lexington MSA), built in 2004
- Two properties located less than one mile apart, supporting shared management, maintenance, and leasing oversight
- Creekside Senior offers 1- and 2‑bedroom senior units
Property Analytics
Location Intelligence
Current Use by Public Records
Senior Housing / Retirement ...
FAQs
What type of property is this?
Senior housing / Retirement Home - Portfolio of 56 affordable senior housing units across two nearby properties with shared management oversight.
Where is this senior housing / retirement home located?
The property is located at 407 North 2nd Street Nicholasville, KY.
What are key features of this property?
This property features: 56‑unit affordable housing portfolio in Nicholasville, KY (Lexington MSA), built in 2004; Two properties located less than one mile apart, supporting shared management, maintenance, and leasing oversight; Creekside Senior offers 1- and 2‑bedroom senior units
