Central City, KY Multifamily properties for sale

Updated: Mar 17, 2025

Renovated 27-Unit Apartment Building

1213 W Reservoir Avenue, Central City, KY 42330

$1,200,000

1.90 AC lot

27‑unit investment property on approx. 1.9 acres, built in 1977
Renovated approx. 6 years ago, including exterior painting and replacement of a majority of PTAC heat/air units
Coin laundry on site for additional income
Reported approx. $174,000/year gross income
Tenants pay electric; owners pay water, sewer, and trash

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Based on your search, we've compiled 12 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, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Fully Furnished Triplex Opportunity

118 S Franklin, Madisonville, KY 42431

$255,900

2,946 sqft 0.29 AC lot

Turnkey triplex with three furnished Airbnb-style units, updated interiors, fenced lot, and dedicated storage building.

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Permitted Trailer Park Site

50 Floyd St, Madisonville, KY 42431

$75,000

4,000 sqft 0.50 AC lot

Approved for eight mobile home spaces with existing infrastructure on a small parcel within Madisonville city limits.

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Owensboro Multifamily Apartment Complex

2916 Veach Road, Owensboro, KY 42303

$3,900,000

3.82 AC lot

50-unit apartment complex with expansion potential in Owensboro, Kentucky.

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Owensboro Triplex For Sale

711 Locust St, Owensboro, KY 42301

$112,000

2,838 sqft

Three-unit apartment building near downtown Owensboro, Kentucky.

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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.

Lake Proximity Residential Acreage

Edgar Drive lot: 95 & 96, Cadiz, KY 42211

Contact for pricing

1.00 AC lot

One-acre residential lot near Lake Barkley in Cadiz, Kentucky.

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Wooded Residential Lots in Driftwood Estates

Driftwood Estates Lot 99, 101, 102, 139, Eddyville, KY 42038

$40,000

2.00 AC lot

Four wooded half-acre lots in Driftwood Estates, offering a flexible setting for camper, mobile home, or home construction.

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Grand Rivers Land Opportunity

L 41 & 42 Rolling Meadows Rd lot: 41 & 42, Grand Rivers, KY 42045

Contact for pricing

2.84 AC lot

2.84 acres near I-24 and lakes in Grand Rivers.

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Sonora, KY Residential Land

Silver Mine Road lot: 6, Sonora, KY 42776

$63,500

3.03 AC lot

3.03 acre residential tract in Sonora, Kentucky.

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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.

MOBILE HOME PARK, TRAILER PARK

Carroll St, Central City, KY 42330

Value Estimation by Request

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HIGH-RISE APARTMENTS

508 Broad St, Central City, KY 42330-1566

Value Estimation by Request

6,360 sqft

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MOBILE HOME PARK, TRAILER PARK

Welborn St, Central City, KY 42330

Value Estimation by Request

3.43 AC lot

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Central City, KY Multifamily Properties Market Trends and Statistics

Explore 4 multifamily properties for sale in Central City, KY on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,200,000.

Sale 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 stay ahead with the latest data and market trends.

Neighborhood	Average Price
42330	$1.2M

Neighborhood

Average Price

42330

$1.2M

Central City, KY Multifamily Properties for Sale

1213 W Reservoir Avenue, Central City, KY 42330