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    Boone County, KY Multifamily Properties for Sale

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    Florence Multifamily Investment Opportunity
    Updated: Oct 31, 2025
    Florence Multifamily Investment Opportunity

    7402 Shenandoah Drive, Florence, KY 41042

    $1,000,000
    7,928 sqft 1.35 AC lot
    Eight townhome units at 7402‑7416 Shenandoah Dr with a mix of 1‑4 bedroom floor plans
    Private patios and washer/dryer hookups included in each unit
    Tenants pay all utilities; landlord covers storm water and trash pick‑up
    Central air with natural gas forced‑air heating
    Brick and vinyl siding exterior with a shingle roof (year built: 1970)
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    This listing looks promising.

    Here's a quick look at some key insights for

    7402 Shenandoah Drive, Florence, KY 41042

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    • Est. Cap Rate

      5.9%
      NOI ÷ price

    • Est. NOI

      $59K
      Annual

    • Price @ 7% Cap

      $839K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1970
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Boone County, KY, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Land Off US HWY
    Prime Land Off US HWY

    Briar Creek lot: #1, Lawrenceburg, KY 40342

    $345,500
    2.27 AC lot

    2.27 acres with excellent visibility and easy access.

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    Surveyed Hunting and Development Land
    Surveyed Hunting and Development Land

    400 Keith Whitley Blvd., Sandy Hook, KY 41171

    $199,900
    75.00 AC lot

    Approximately 75 surveyed acres offering a mix of city-limit and outside-city development flexibility.

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    Surveyed Development Land Parcel
    Surveyed Development Land Parcel

    400 Keith Whitley Blvd., Sandy Hook, KY 41171

    $199,900
    75.00 AC lot

    Surveyed acreage with city-limit and out-of-city portions, suited for a variety of residential and mixed-use concepts.

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    Campton, KY Land For Sale
    Campton, KY Land For Sale

    Lower HollerTop Road lot: 31, Campton, KY 41301

    $35,000
    2.35 AC lot

    2.35 acre lot near Red River Gorge.

    View details

    Boone County, KY Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Boone County, KY on our real estate platform. These investment opportunities span a total of 7,928 square feet of properties for sale, with an estimated market value of $1,000,000.

    Sale prices for multifamily properties in Boone County, KY start at $1,000,000, averaging $1,000,000, and reaching up to $1,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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