Renovating Apartment
For Sale
$562,500
4314 Mackville Rd, Harrodsburg, KY 40330
Former school building is roughed in for apartment units with planned bath/kitchen areas, plus two additional outbuildings.
Property Size6,933 SF
Lot Size5.60 Acres
Price / SF$81.13
Days on Market361
Property Features for 4314 Mackville Rd
General Information
Standard status
Active
Size
6,933 SF
Lot size
5.60 Acres
Additional Details
Cap Rate
7%
Multifamily Units
5
Listing Agency:
SimpliHOM
(859) 509-8401
Listed By:
Tamara Hurst · License #272958
(502) 229-3378
Source:
Exprealty
Added: Sep 11, 2025
Changed: Aug 20
Last Checked: Sep 5 at 9:57AM
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 SimpliHOM
Investment Insights
Based on property information with market context.
This former school building is currently at a roughed-in renovation stage for apartment development, with multiple bath/kitchen areas planned (10) and work aimed toward a minimum of five apartments. The property includes approximately 6,933 sq. ft. in the main building, with ongoing renovations positioned as a blank-canvas conversion opportunity.
The site is set on approximately 5.6 acres and also includes two additional structures: a former classroom building and a large garage. These extra buildings provide supplemental space that could support storage, workshop use, or other secondary operational needs within the overall redevelopment plan.
For financial context, the pro forma NOI is stated as $57,438, based on gross rental income of $103,995 and a 7%+ cap rate (as provided).
The site is set on approximately 5.6 acres and also includes two additional structures: a former classroom building and a large garage. These extra buildings provide supplemental space that could support storage, workshop use, or other secondary operational needs within the overall redevelopment plan.
For financial context, the pro forma NOI is stated as $57,438, based on gross rental income of $103,995 and a 7%+ cap rate (as provided).
Key Highlights
- Former school building of 6,933 sq ft is roughed‑in for multiple apartment units, with planned bath/kitchen areas (10 bathrooms/kitchen areas).
- Renovations are ongoing, working toward a minimum of 5 apartments (proposed plan states 10 bath/kitchen areas).
- Set on 5.6 acres in a rural setting in Harrodsburg, offering space for redevelopment and additional uses.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 40330, KY
20,440
Population
9,559
Households
2.1
Avg Household Size
43
Median Age
23%
College-Educated
91%
High-School Grad
220.8 sq mi
ZIP Area
93
Density / Sq Mi
$61,804
Median Household Income
$38,075
Median Earnings
$780
Median Rent
$187,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Former school building is roughed in for apartment units with planned bath/kitchen areas, plus two additional outbuildings.
Where is this apartment building located?
The property is located at 4314 Mackville Rd Harrodsburg, KY.
What is the asking price?
The asking price for this property is $562,500.
What are key features of this property?
This property features: Former school building of 6,933 sq ft is roughed‑in for multiple apartment units, with planned bath/kitchen areas (10 bathrooms/kitchen areas).; Renovations are ongoing, working toward a minimum of 5 apartments (proposed plan states 10 bath/kitchen areas).; Set on 5.6 acres in a rural setting in Harrodsburg, offering space for redevelopment and additional uses.
