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Updated 6-Unit Apartment Building
For Sale
$150,000

702 S Clay Street, Hopkinsville, KY 42240

Residential Income, Hopkinsville, KY

Property Size5,440 SF
Lot Size0.24 Acres
Price / SF$27.57
Days on Market11

Property Features for 702 S Clay Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 7
Bathrooms 7
Full bathrooms 7
Rooms Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 7, Bedroom 6, Bathroom 6, Bedroom 5, Bedroom 7, Bedroom 1, Bedroom 2, Bathroom 2
Elementary school Freedom
Middle school Christian Co
High school Christian Co
Elementary school district Christian County - 106
Middle school district Christian County - 106
High school district Christian County - 106
Directions From Office: head N on S Virginia St, turn R onto 7th St, apartment sits on the Right corner of 7th and S Clay St.
Subdivision 106 - Christian County
Standard status Active
APN 218-00 03 007.00
Size 5,440 SF
Lot size 0.24 Acres

Utilities

Heating system Natural Gas
Cooling system Wall Unit(s)

Building Details

Year built 1810
Floors in Building 2
Number of units 7
Listing Agency: Advantage, Realtors · RE/MAX International
Listed By: Karen C Chiles · License #245975
Added: Aug 13 Changed: Aug 20 Last Checked: Aug 23 at 8:06AM
MLS# 26022102

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 6-unit apartment building at 702 S Clay Street contains 5,440 square feet on a 0.244-acre lot. Built in 1810, the property includes apartment units with gas heaters, window A/C units, gas stoves, and refrigerators. Sewer lines have cleanouts, and parking is provided for 2 cars in the rear along with on-street parking.

Property improvements include a new roof and decking completed in 2022, updated windows from 2016, and an upstairs electrical subpanel added in 2025. A 52-gallon water heater was installed around 2021, followed by a new 40-gallon water heater in 2025. The units are typically fully occupied, with vacancies occurring during turnover and repairs. The building is located in downtown Hopkinsville, Kentucky.

Key Highlights

  • 6‑unit apartment building with 5,440 square feet on 0.244 acres
  • New roof and decking completed in 2022
  • Updated windows installed in 2016

Property Analytics

Current Use

Parker's and More LLC General Contractor

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Building Supply Big Box & Wholesale Store Storage Facility Skin Care Clinic

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

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

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Historic multifamily property with recent roof, window, electrical, and water-heater improvements.
Where is this apartment building located?
The property is located at 702 S Clay Street Hopkinsville, KY.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 6‑unit apartment building with 5,440 square feet on 0.244 acres; New roof and decking completed in 2022; Updated windows installed in 2016
More about this property
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