Florence, KY Multifamily properties for sale

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

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Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 1 Active listings in Florence, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

Renovated Triplex with Adjacent Lot

501 Johnson Street, Covington, KY 41011

$649,900

3,186 sqft 0.05 AC lot

Renovated triplex with three 1-bedroom units and off-street parking, plus an adjacent vacant lot for expansion possibilities.

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Duplex with Detached Two-Car Garage

713 Elberon Avenue, Cincinnati, OH 45205

$132,900

3,119 sqft 0.22 AC lot

Two-family property with a detached two-car garage, but it requires work including window and door replacements.

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Cincinnati Duplex with Tenant

4120 St William Avenue, Cincinnati, OH 45205

$199,900

2,370 sqft 0.23 AC lot

Tenant-occupied duplex in Cincinnati, part of a larger portfolio.

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525 Greenup St, Covington, KY

525 Greenup St, Covington, KY 41011

Contact for pricing

525 Greenup St, Covington, KY 41011 For Sale

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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.

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

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

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

Lower HollerTop Road lot: 31, Campton, KY 41301

$35,000

2.35 AC lot

2.35 acre lot near Red River Gorge.

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Off-Market Properties in Florence, KY

Consider similar Off-Market properties in Florence, 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.

APARTMENT HOUSE (5+ UNITS)

58 Sanders Dr, Florence, KY 41042-2856

Value Estimation by Request

3,360 sqft 0.27 AC lot

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APARTMENT HOUSE (5+ UNITS)

3910 Wynnbrook Dr, Florence, KY 41042-3074

Value Estimation by Request

8.34 AC lot

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Florence, KY Multifamily Properties Market Trends and Statistics

Explore 3 multifamily properties for sale in Florence, 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 Florence, 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.

Neighborhood	Average Price
41042	$1M

Neighborhood

Average Price

41042

$1M

Florence, KY Multifamily Properties for Sale

7402 Shenandoah Drive, Florence, KY 41042