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Morehead, KY Multifamily Properties for Sale

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Salt Lick, KY Hillsboro, KY Owingsville, KY

Operating Convenience Store with Apartments

$575,000

1,536 SF

Operating Convenience Store with Apartments

9335 Cranston Road, Morehead, KY 40351

Profitable convenience store with restaurant, apartments, and outdoor patio.

Established convenience store and restaurant with immediate income potential.
Multiple income streams: store/restaurant, live entertainment/events space, and two apartments (one currently used as Airbnb).
Large 6,464 sq. ft. property with fully furnished commercial kitchen, spacious dining area, and stocked retail area with walk‑in coolers.
Versatile outdoor patio area suitable for additional seating, live music, or outdoor gatherings.
Additional finished room for live entertainment, party rentals, and conference events.

Updated: Mar 16

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$1,300,000

18.74 Acres

Turnkey Short-Term Rental on Acreage

2385 KY Hwy 801, Morehead, KY 40351

Fully furnished short-term rental property on 18.742 acres near Cave Run Lake.

Turnkey, fully furnished short‑term rental ready for immediate income generation.
Prime commercial location between I‑64 and Cave Run Lake, only 0.7 mile from Exit 133.
Significant acreage (18.742 surveyed acres) offering potential for expansion or development.
Established vacation rental with 3 bedrooms, 1.5 baths, and a large kitchen designed for guest convenience.
Desirable outdoor amenities including a spacious deck, private pond with catch‑and‑release fishing, fire pit, and walking trail.

Updated: Apr 23

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48-Unit Multifamily Investment Opportunity

$3,500,000

37,386 SF

48-Unit Multifamily Investment Opportunity

Multifamily property with stable demand and peaceful natural setting.

300 Pine Ridge Drive, Morehead, KY 40351

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$12,535,000

Student Housing Community Near MSU

Stabilized student housing community near Morehead State University.

101 Lois Lane, Morehead, KY 40351

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Morehead, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 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.

$540,000

4,196 SF

Mixed-Use Properties in Mt. Sterling

Mixed-use properties with commercial and residential spaces in downtown Mt. Sterling.

4-12 Court Street, Mt Sterling, KY 40353

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$275,500

2,040 SF

Downtown Mt Sterling Mixed-Use Property

Well-maintained mixed-use property with commercial and residential units.

4-8 Court St, Mt Sterling, KY 40353

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$138,500

2,000 SF

Mixed-Use Building in Frenchburg, KY

2000 SF mixed-use building on 0.2 acre lot.

50 Back Street, Frenchburg, KY 40322

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Versatile Property with Income Potential

$225,000

1.00 Acre

Versatile Property with Income Potential

Office building with income-generating mobile home lots in Frenchburg, KY.

Highway 460, Frenchburg, KY 40322

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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.

$199,900

75.00 Acres

75 Acres Development Potential

75+/- acres with development potential in Sandy Hook, KY.

400 Keith Whitley Blvd., Sandy Hook, KY 41171

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$199,900

75.00 Acres

Sandy Hook Vacant Land Opportunity

75+/- acres with development potential in Sandy Hook, Kentucky.

400 Keith Whitley Blvd., Sandy Hook, KY 41171

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$35,000

2.35 Acres

Campton, KY Land For Sale

2.35 acre lot near Red River Gorge.

Lower HollerTop Road lot: 31, Campton, KY 41301

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$69,000

1.54 Acres

Waterfront Land in Greenup, KY

Waterfront land with utilities and shelter house for sale.

Treasure Cove, Greenup, KY 41144

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Off-Market Properties in Morehead, KY

Consider similar Off-Market properties in Morehead, 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.

Individual retail properties

5,568 SF Lot: 1.84 Acres

Value Estimation by Request

9425 Brown Ridge Rd, Morehead, KY 40351

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Morehead, KY Multifamily Properties Investment Opportunities Market Analysis

Explore 5 multifamily properties for sale in Morehead, KY, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 38,922 square feet of properties for sale, with an estimated market value of $4,075,000.

Sale prices for multifamily properties in Morehead, KY start at $575,000, averaging $2,037,500, and reaching up to $3,500,000 — 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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Top Commercial Asset Segments

Demographics Overview

Population 22K

Population Growth (5Y) +4.9%

Median Household Income $51,110

College Educated 40.7%

High-Yield Neighborhoods for Investment

Identify Morehead submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

Neighborhood	Average Price
40351	$4.5M

Taxes & Financing

Tax Rate (average for all types) 0.85%

Property Tax per SF $5.20 per sq ft

Average Loan-to-Value 65.0%

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Morehead, KY Multifamily Properties for Sale