Affordable Senior Housing
For Sale
Contact for pricing
407 North 2nd Street, Nicholasville, KY 40356
Portfolio of 56 affordable senior housing units across two nearby properties with shared management oversight.
Property Size45,140 SF
Days on Market55
Property Features for 407 North 2nd Street
General Information
Standard status
Active
Size
45,140 SF
Property subtype
Multifamily, Senior Living
Occupancy
96%
Investment Type
Stabilized
Additional Details
Multifamily Units
56
Building Details
Year Built
2004
Units
56
Listing Agency:
The Kirkland Company
Listed By:
Brian Devlin · License #222755
Source:
Crexi
Added: Jul 7
Changed: Aug 25
Last Checked: Aug 29 at 11:28PM
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
Current Use
Lease Details
56
Residential units
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
Median Home Value
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Frequently Asked Questions
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
