Renovating Apartment
4314 Mackville Rd Harrodsburg, KY 40330
4314 Mackville Rd, Harrodsburg, KY, 40330
$562,500
For Sale
$562,500
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 Market314
Property Features for 4314 Mackville Rd
General Information
- Standard status
- Active
- Size
- 6,933 SF
- Lot size
- 5.60 Acres
Listing agency
SimpliHOM
(502) 229-3378
Listed by
Tamara Hurst · License #272958
(502) 229-3378
Source
Exprealty
Added: Sep 11, 2025 Updated: Jul 19 at 2:10AM Checked: Jul 20 at 8:04AM
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.
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FAQs
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.
