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6-Unit Apartment Building with Updates
For Sale
$100,000

702 S Clay St, Hopkinsville, KY 42240

Downtown multifamily property with refreshed building systems and individually equipped rental units.

Property Size5,440 SF
Price / SF$18.38
Days on Market62

Property Features for 702 S Clay St

General Information

Standard status Active
Size 5,440 SF
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Multifamily Units 6

Building Details

Year Built 1810
Buildings 1
Listing Agency: Advantage REALTORS
Listed By: Karen Chiles · License #296675
Source: Forsaleinclarksville
Added: Aug 20 Changed: Oct 14 Last Checked: Oct 7 at 3:51PM

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 Advantage REALTORS

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Investment Insights

Based on property information with market context.

This 6-unit apartment building at 702 S Clay St contains 5,440 square feet and dates to 1810. Each apartment includes a gas heater, window air-conditioning unit, gas stove, and refrigerator. Rear parking accommodates 2 cars, with additional on-street parking available.

Capital improvements include a roof and decking replacement completed in 2022, updated windows from 2016, and an upstairs electrical subpanel installed in 2025. The property also has a 52-gallon water heater installed approximately in 2021 and a new 40-gallon water heater added in 2025. Sewer lines include cleanouts throughout the building. Units are typically occupied, with vacancies generally occurring during turnover and repair periods.

Key Highlights

  • 6‑unit apartment building totaling 5,440 square feet
  • Roof and decking replaced in 2022
  • Updated windows completed in 2016

Property Analytics

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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,028
Businesses Nearby

Demographics for 42240, KY

41,791
Population
18,663
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
85%
High-School Grad
277.2 sq mi
ZIP Area
151
Density / Sq Mi
$49,872
Median Household Income
$36,321
Median Earnings
$866
Median Rent
$147,400
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Downtown multifamily property with refreshed building systems and individually equipped rental units.
Where is this apartment building located?
The property is located at 702 S Clay St Hopkinsville, KY.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 6‑unit apartment building totaling 5,440 square feet; Roof and decking replaced in 2022; Updated windows completed in 2016
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