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Eight-Unit Apartment Building
For Sale
$959,000

706 Old Morgantown Road, Bowling Green, KY 42101

MULTI_FAMILY - Bowling Green, KY

Property SizeContact for details
Lot Size0.77 Acres
Days on Market48

Property Features for 706 Old Morgantown Road

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 16
Bathrooms 16
Full bathrooms 16
Rooms Bedroom 5, Bedroom 16, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 5, Bathroom 7, Bedroom 8, Bedroom 9, Bathroom 10, Bathroom 15, Bathroom 14, Bathroom 9, Bedroom 11, Bedroom 1, Bathroom 6, Bathroom 13, Bathroom 2, Bedroom 10, Bedroom 6, Bedroom 13, Bathroom 8, Bathroom 16, Bathroom 3, Bedroom 7, Bathroom 4, Bathroom 11, Bathroom 12, Bedroom 15, Bedroom 12, Bathroom 1, Bedroom 14
Parking 12
Parking features Parking Lot
Patio and Porch features Patio
Interior features Ceiling Fan(s), Walk-in Closet(s)
Exterior features Concrete Walks, Landscaping, Mature Trees, Outdoor Lighting, Patio
Lot features In City Limits
Elementary school Warren
High school Warren Central
Directions Veterans Memorial to Old Morgantown Road. The property will be on the Left.
Subdivision BG West
Standard status Active
Lot size 0.77 Acres

Building Details

Year built 2018
Number of units 8
Listing Agency: Keller Williams First Choice R · Keller Williams Realty
Listed By: Ernon Simpson · License #294905
Added: Jul 9 Changed: Aug 2 Last Checked: Aug 25 at 6:06AM
MLS# RA20264084

Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. 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.

Turnkey eight-unit apartment building built in 2018, designed as a modern, low-maintenance 8-plex with eight identical units. Interior features include ceiling fans and walk-in closets. Kitchens and living areas are updated with luxury vinyl plank (LVP) flooring, granite countertops, and a stainless steel appliance package.

The property sits on a 0.77-acre lot and includes concrete walks, landscaping, mature trees, outdoor lighting, and a patio area. On-site parking is provided via a parking lot. Exterior amenities also include patio features and outdoor spaces supported by the property’s landscaping and lighting.

This is an eight-unit residential income asset configured for consistent day-to-day management across identical units, with the building’s upgrades intended to support durable, tenant-friendly finishes.

Key Highlights

  • Eight identical units in a modern 2018‑built 8‑plex
  • 0.77‑acre lot with concrete walks, landscaping, and mature trees
  • Luxury vinyl plank (LVP) flooring in each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Hair Salon Nail Salon

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

392
Businesses Nearby

Demographics for 42101, KY

64,444
Population
26,062
Households
2.5
Avg Household Size
30
Median Age
20%
College-Educated
83%
High-School Grad
281.0 sq mi
ZIP Area
229
Density / Sq Mi
$49,045
Median Household Income
$26,564
Median Earnings
$905
Median Rent
$188,200
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 - Turnkey eight-unit apartment building built in 2018 on a 0.77-acre lot with patio and parking lot.
Where is this apartment building located?
The property is located at 706 Old Morgantown Road Bowling Green, KY.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Eight identical units in a modern 2018‑built 8‑plex; 0.77‑acre lot with concrete walks, landscaping, and mature trees; Luxury vinyl plank (LVP) flooring in each unit
More about this property
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