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Occupied Apartment Building Portfolio
For Sale
$1,950,000

939 Piedmont Street, Morehead, KY 40351

MULTI_FAMILY - Morehead, KY

Property Size15,613 SF
Lot Size17.00 Acres
Price / SF$124.90
Days on Market25

Property Features for 939 Piedmont Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning description R-3 (High Density Residential)
Bedrooms 34
Bathrooms 17
Full bathrooms 17
Rooms Bedroom 3, Bedroom 33, Bedroom 10, Bathroom 2, Bathroom 4, Bedroom 31, Bedroom 12, Bathroom 12, Bathroom 14, Bathroom 13, Bedroom 25, Bedroom 18, Bathroom 7, Bedroom 9, Bedroom 21, Bedroom 16, Bedroom 11, Bedroom 29, Bedroom 24, Bedroom 28, Bathroom 11, Bedroom 13, Bathroom 16, Bedroom 7, Bathroom 17, Bedroom 20, Bedroom 2, Bedroom 1, Bedroom 30, Bathroom 1, Bedroom 19, Bedroom 15, Bedroom 34, Bedroom 14, Bathroom 9, Bedroom 6, Bedroom 8, Bedroom 26, Bathroom 3, Bedroom 17, Bedroom 4, Bedroom 22, Bedroom 23, Bathroom 5, Bedroom 32, Bathroom 8, Bathroom 6, Bathroom 10, Bedroom 27, Bedroom 5, Bathroom 15
Subdivision City Limits
Elementary school Rodburn
Middle school Rowan Co
High school Rowan Co
Elementary school district Rowan County - 61
Middle school district Rowan County - 61
High school district Rowan County - 61
Directions From Morehead, take E. Main st., to Tolliver Rd, then left of Piedmont.
Standard status Active
APN 080-30 00 074.01
Size 15,613 SF
Lot size 17.00 Acres

Utilities

Heating system Heat Pump (Heating)
Cooling system Heat Pump

Building Details

Floors in Building 2
Number of units 16
Roof type Composition
Listing Agency: C Roger Lewis Agency
Listed By: Mark Lewis · License #175630
Added: Jul 13 Changed: Jul 17 Last Checked: Aug 6 at 4:06AM
MLS# 26018069

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.

Apartment building portfolio configured with two tri-plex units and two four-plex units, along with one single-family dwelling and one ranch dwelling that includes a main-level unit and a basement apartment. All units are reported to stay occupied with no vacancies. The property includes recent updates and repairs, with financial records available upon request.

The portfolio is located at 939 Piedmont Street in Morehead, KY 40351, in Rowan County, and is described as being near Morehead State University.

The heating and cooling are provided via heat pump systems, and the roof is listed as composition. Lot size is 17 acres, with total property size of 15,613 square feet.

Key Highlights

  • Two tri‑plex units and two four‑plex units
  • One single‑family dwelling plus one ranch with main‑level unit and basement apartment
  • All units reported occupied with no vacancies

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Bakery Parking Lot & Garage Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) 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

17
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

198
Businesses Nearby

Demographics for 40351, KY

22,305
Population
9,497
Households
2.3
Avg Household Size
33
Median Age
27%
College-Educated
88%
High-School Grad
268.2 sq mi
ZIP Area
83
Density / Sq Mi
$51,110
Median Household Income
$26,278
Median Earnings
$775
Median Rent
$163,000
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 - Apartment building portfolio with multiple tri-plex and four-plex units plus two single-family dwellings, all currently occupied.
Where is this apartment building located?
The property is located at 939 Piedmont Street Morehead, KY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two tri‑plex units and two four‑plex units; One single‑family dwelling plus one ranch with main‑level unit and basement apartment; All units reported occupied with no vacancies
More about this property
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