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Central City, KY Multifamily Properties for Sale

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Central City Multifamily Investment Property
$1,200,000
1.90 Acres

Central City Multifamily Investment Property

1213 W Reservoir Ave, Central City, KY 42330

27-unit multifamily property generating approximately $174,000 gross annually.

  • High cash flowing investment property: Generates approximately $174,000 gross annually.
  • 27 Units on Approximately 1.9 Acres: Substantial property size with multiple income streams.
  • Renovated Approximately 6 Years Ago: Modernized units attract tenants and reduce maintenance.
  • Majority of PTAC Heat/Air Units Replaced: Updated HVAC systems improve tenant comfort and reduce energy costs.
  • 100% Occupied with Consistent Rental History: Demonstrates strong demand and reliable income.
Updated: May 14, 2025
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Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 1 Active listings in Central City, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Building with Apartment Potential
$249,000

Historic Building with Apartment Potential

Downtown Beaver Dam building with restaurant and apartment potential.

107 N Main St Rd, Beaver Dam, KY 42320
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Historic Beaver Dam Mixed-Use Building
$249,000
4,200 SF

Historic Beaver Dam Mixed-Use Building

Historic downtown building with restaurant and apartment potential.

107 N Main St, Beaver Dam, KY 42320
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Madisonville Duplexes For Sale
$850,000
812 SF

Madisonville Duplexes For Sale

Five duplexes with potential for increased rental income.

Cindy Dr, Madisonville, KY 42431
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Madisonville Triplex with Development Potential
$209,900
1,480 SF

Madisonville Triplex with Development Potential

Triplex with potential for additional dwelling on adjacent lot.

906 Edwards, Madisonville, KY 42243
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Explore Off-Market Properties in Central City, KY

Consider similar Off-Market properties in Central City, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Welborn St

Welborn St

MOBILE HOME PARK, TRAILER PARK • 3.43 Acres
Value Estimation by Request
Welborn St, Central City, KY 42330
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508 Broad St

508 Broad St

HIGH-RISE APARTMENTS • 6,360 SF
Value Estimation by Request
508 Broad St, Central City, KY 42330-1566
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Carroll St

Carroll St

MOBILE HOME PARK, TRAILER PARK
Value Estimation by Request
Carroll St, Central City, KY 42330
View details

Central City, KY Multifamily Properties Investment Opportunities Market Analysis

Explore 4 multifamily properties for sale in Central City, KY on our real estate platform. These investment opportunities span a total of 82,764 square feet of properties for sale, with an estimated market value of $1,200,000.

Prices for multifamily properties in Central City, KY start at $1,200,000, averaging $1,200,000, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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