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11-Unit Apartment Buildings
New
For Sale
$715,000

459-461 Jessica Drive, Raceland, KY 41169

Two-building multifamily property with one- and two-bedroom layouts and recent appliance and water-heater updates.

Property SizeContact for details
Days on Market2

Property Features for 459-461 Jessica Drive

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 8 x 2BR/2BA, 3 x 1BR
Multifamily Units 11

Building Details

Buildings 2
Stories 3
Listed By: Dale Hensley
Source: Hensleyrealtycompany.idxbroker
Added: Sep 5 Last Checked: Sep 6 at 4:03AM

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 Dale Hensley

Investment Insights

Based on property information with market context.

This multifamily property comprises 11 apartments across two separate buildings in Raceland, Kentucky. The unit mix includes eight two-bedroom apartments and three one-bedroom apartments. Two-bedroom layouts include two full bathrooms, while four of the two-bedroom units are approximately 1,100 square feet and feature private decks. The property offers a range of apartment configurations within a compact two-building setup.

Most appliances and water heaters are approximately 3–5 years old, providing recently updated equipment throughout much of the property. The combination of one- and two-bedroom units, multiple two-bath layouts, and separate buildings supports a varied residential rental configuration.

Key Highlights

  • 11 apartments across two separate buildings
  • Unit mix includes eight 2‑bedroom and three 1‑bedroom apartments
  • Four 2‑bedroom units are approximately 1,100 sq. ft.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Restaurant Building Supply Dental Office Big Box & Wholesale Store Law Firm Auto Parts Store

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

11
Residential units

Location Intelligence

Trade Area within ½ mile

71
Businesses Nearby

Demographics for 41169, KY

5,589
Population
2,582
Households
2.2
Avg Household Size
45
Median Age
31%
College-Educated
95%
High-School Grad
6.2 sq mi
ZIP Area
901
Density / Sq Mi
$66,114
Median Household Income
$41,607
Median Earnings
$807
Median Rent
$169,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-building multifamily property with one- and two-bedroom layouts and recent appliance and water-heater updates.
Where is this apartment building located?
The property is located at 459-461 Jessica Drive Raceland, KY.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 11 apartments across two separate buildings; Unit mix includes eight 2‑bedroom and three 1‑bedroom apartments; Four 2‑bedroom units are approximately 1,100 sq. ft.
More about this property
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