Nicholasville, KY Multifamily Properties for Sale

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Updated: Apr 17

Townhome Apartment Building

166-180 Heritage Drive, Nicholasville, KY 40356

$1,370,000

10,688 sqft 0.51 AC lot

6‑townhome package: Units 170–180 available as a 6‑unit sale for $171,250 per door
Updates include new roofs, new siding, new gutters, and new windows (over 40 windows total)
Several new AC units; heating options include natural gas and heat pump (heating)
All units are 2 bedrooms and 1.5 bathrooms with one‑car garages; tenants pay all utilities
7 units include unfinished basements; the 8th basement is used as a management office

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This listing looks promising.

Here's a quick look at some key insights for

166-180 Heritage Drive, Nicholasville, KY 40356

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Est. Cap Rate

6%
Above avg (5.9%)
Est. NOI

$82K
Annual
Price @ 7% Cap

$1.17M
Suggested
Property Type

Single Family Residence
Built 1988

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Updated: Jul 8

New Construction Duplex Package

Josephine Court & 101-103 Elkchester Circle, Nicholasville, KY 40356

$1,050,000

6,256 sqft 0.52 AC lot

Package of 2 new construction duplexes at 101‑103 Elkchester Circle and 101‑103 Josephine Court in Nicholasville
Year built 2026 with under‑construction status and shingle roofing
Heat pump heating and cooling with 1‑year HVAC labor warranty plus 1‑year plumbing, electrical, and 10‑year window warranty
Each duplex includes a one‑car attached garage, front porch, and back patio
Main level layout includes living/dining area, upgraded kitchen with stainless steel appliances, large walk‑in pantry, island with bar seating, and oversized half bath

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New Construction Duplex with Attached Garage

101-103 Elkchester Circle, Nicholasville, KY 40356

$550,000

3,128 sqft 0.21 AC lot

Newly built duplex in R-2 zoning with two levels, three bedrooms per unit, and attached one-car garage.

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Quadplex with Laundry Rooms

133-139 Grinder Court, Nicholasville, KY 40356

$495,000

3,462 sqft 0.29 AC lot

Four 2-bedroom, 1-bath units each include an in-unit laundry and utility room, supported by newly paved parking.

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Two Townhome Duplex

166-168 Heritage Drive, Nicholasville, KY 40356

$345,000

2,670 sqft 0.13 AC lot

Two 2-bedroom townhome units with garages and unfinished basements, renovated roof, siding, gutters, and windows.

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Adjoining Townhome Duplex

508 & 506 Platt Drive, Nicholasville, KY 40356

$400,000

3,192 sqft 0.16 AC lot

Two deeded townhomes share a roof and fence, with multiple updates and current rental income from both sides.

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New Duplex in Nicholasville, KY

510-512 N Central Avenue, Nicholasville, KY 40356

$329,900

2,176 sqft 0.51 AC lot

New duplex with two bedrooms and modern amenities in Nicholasville.

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Duplex and Build-Ready Lot

112 Lincoln Street, Nicholasville, KY 40356

$95,000

1,700 sqft 0.05 AC lot

Duplex with separate top and bottom units plus an adjacent build-ready lot, sold as-is as a single package.

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Nicholasville Duplex with Walkout Basement

112 A-B Meadowlark, Nicholasville, KY 40356

$329,000

2,135 sqft 0.51 AC lot

Custom-built duplex featuring oversized garages and walkout basement.

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Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 9 Active listings in Nicholasville, 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.

8-Unit Apartment Building

388 Redding Road, Lexington, KY 40517

$974,900

7,300 sqft 0.27 AC lot

Turn-key eight-unit apartment building with 100% occupancy and recent roof, siding, window, and panel upgrades.

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Lexington Triplex Investment Opportunity

1205, 1207, 1209 Reva Ridge Way, Lexington, KY 40517

$682,500

3,564 sqft 0.14 AC lot

Triplex in Lexington with strong income potential in prime location.

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Renovated Duplex with Brick Veneer

180 Tartan Drive, Lexington, KY 40517

$275,000

836 sqft 0.38 AC lot

Renovated duplex with brick veneer, currently fully rented, converted to one-bedroom units under R-2 zoning.

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Multi-Family Investment Opportunity

108 Surfside Dr, Lexington, KY 40503

$875,000

12-unit multi-family building in high-demand submarket, priced for redevelopment.

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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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Cleared Recreational Land Tract

Mc Kee, KY 40447

Contact for pricing

1.60 AC lot

Cleared, level tract on Baldwin Road with plank fencing, located near South Fork of the Rockcastle River and Laurel Branch Creek.

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Land For Sale in McKee

Mc Kee, KY 40447

Contact for pricing

1.68 AC lot

1.68 acre recreational land with utilities in McKee, Kentucky.

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Residential Land in East Bernstadt

205 Dove Lane lot: 61, East Bernstadt, KY 40729

Contact for pricing

0.51 AC lot

Level lots suitable for new doublewides or modular homes.

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Off-Market Properties in Nicholasville, KY

Consider similar Off-Market properties in Nicholasville, 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.

Multifamily properties

101 Melissa Dr, Nicholasville, KY 40356

Value Estimation by Request

3,236 sqft

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Individual retail properties

4010 Lexington Rd, Nicholasville, KY 40356

Value Estimation by Request

5.00 AC lot

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Nicholasville, KY Multifamily Properties Market Trends and Statistics

Explore 11 multifamily properties for sale in Nicholasville, KY, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 35,407 square feet of properties for sale, with an estimated market value of $4,963,900.

Sale prices for multifamily properties in Nicholasville, KY start at $95,000, averaging $551,544, and reaching up to $1,370,000 — 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

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 45K

Population Growth (5Y) +3.3%

Median Household Income $75,264

College Educated 22.8%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
40356	$508.2K

Taxes & Financing

Tax Rate (average for all types) 1.07%

Property Tax per SF $14.37 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Jessamine County

New Delisted

Total CRE Inventory on Market (SF)

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Nicholasville, KY Multifamily Properties for Sale

166-180 Heritage Drive, Nicholasville, KY 40356

Josephine Court & 101-103 Elkchester Circle, Nicholasville, KY 40356

101-103 Elkchester Circle, Nicholasville, KY 40356

133-139 Grinder Court, Nicholasville, KY 40356

166-168 Heritage Drive, Nicholasville, KY 40356

508 & 506 Platt Drive, Nicholasville, KY 40356

510-512 N Central Avenue, Nicholasville, KY 40356

112 Lincoln Street, Nicholasville, KY 40356

112 A-B Meadowlark, Nicholasville, KY 40356