Nicholasville, KY Multifamily Properties for Sale

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Updated: Apr 17

Apartment Buildings with Two-Bedroom Townhomes

170-180 Heritage Drive, Nicholasville, KY 40356

$1,028,000

8,016 sqft 0.39 AC lot

Six townhomes with two bedrooms and 1.5 bathrooms each
One‑car garages for every townhome unit
Unfinished basements for five units; sixth basement used as a management office
New roofs, siding, gutters, and windows plus several new AC units
Tenants pay all utilities

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Updated: Aug 18

New Construction Duplex

105-107 Elkchester Circle, Nicholasville, KY 40356

$540,000

3,128 sqft 0.30 AC lot

3,128‑square‑foot duplex on a 0.3037‑acre site
2026 construction with under‑construction condition
Each side includes 3 bedrooms, walk‑in closets, and a primary bathroom
Attached one‑car garage, driveway parking, front porch, and rear patio
Stainless steel appliances, kitchen island, pantry, and dedicated laundry room

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Two-Unit Duplex With Garages

170-172 Heritage Drive, Nicholasville, KY 40356

$350,000

2,670 sqft 0.13 AC lot

Occupied units offer separate one-car garages, unfinished basements, and tenant-paid utilities.

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Six-Unit Townhome Apartment Building

170180 170-180 Heritage Dr, Nicholasville, KY 40356

$1,028,000

8,016 sqft

Updated roofs, siding, gutters, and windows complement garage-equipped residential units.

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Downtown Triplex with Historic Character

209 S 1st Street, Nicholasville, KY 40356

$224,900

2,941 sqft 0.23 AC lot

Three occupied units with month-to-month tenancy and separately metered electric service.

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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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Remodeled Duplex

409-411 Longview Dr, Nicholasville, KY 40356

$319,900

2,516 sqft 0.21 AC lot

One side has been completely remodeled, with heat pump heating and central air conditioning serving the property.

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New Construction Duplex Package

101103 101-103 Josephine Court & 101-103 Elkchester Cir, Nicholasville, KY 40356

$1,050,000

6,256 sqft

Two newly built duplexes feature modern interiors, attached garages, patios, and flexible owner-occupant or rental use.

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Updated Duplex Townhomes with Shared Roof

508 & 506 Platt Drive, Nicholasville, KY 40356

$400,000

3,192 sqft 0.16 AC lot

Two adjoining, deeded townhomes share a roof and fence and feature multiple updates over the past decade.

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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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New Construction Duplex with Garage

105-107 Elkchester Cir, Nicholasville, KY 40356

$540,000

3,128 sqft

The layout includes stainless steel appliances, ample storage, and an oversized half bath.

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Six-Unit Townhome Apartment Property

170-180 Heritage Dr, Nicholasville, KY 40356

$1,028,000

8,016 sqft

Six attached residences offer consistent layouts, private garages, basement space, and recent exterior improvements.

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Newly Built Duplex with Yard Access

510512 510-512 N Central Ave, Nicholasville, KY 40356

$329,900

2,176 sqft

Both residences feature open-plan living, two bedrooms, and one-and-a-half bathrooms.

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Historic Three-Unit Triplex

209 S 1st St, Nicholasville, KY 40356

$224,900

2,941 sqft

Occupied month-to-month units provide operational flexibility and immediate rental income.

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Occupied Duplex with Garages

170-172 Heritage Dr, Nicholasville, KY 40356

$350,000

2,670 sqft

Two attached residences offer separate garages, basement storage, and recent exterior improvements near a neighborhood park.

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398-Unit Apartment Portfolio

1050 Hickory Hill Dr, Nicholasville, KY 40356

Contact for pricing

Multifamily portfolio spanning rural Kentucky and West Virginia markets with affordable housing program participation.

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Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 16 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 1 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.

Triplex with Three Units

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

$682,500

3,564 sqft 0.14 AC lot

Three-unit triplex built in 1984, with two-bedroom, 1.5-bath layouts in each unit and electric heating and cooling.

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Renovated Brick Duplex

180 Tartan Drive, Lexington, KY 40517

$260,000

1,672 sqft 0.38 AC lot

Fully leased two-unit property with central air, natural-gas forced-air heat, and R-2 zoning.

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Renovated Brick Duplex

180 Tartan Drive A & B, Lexington, KY 40517

$260,000

836 sqft

Both residences are leased and currently arranged as one-bedroom units with potential for two-bedroom reconfiguration.

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Renovated Brick Duplex

180 Tartan Dr Unit A & B, Lexington, KY 40517

$260,000

836 sqft

Both units are occupied and currently configured with one bedroom each.

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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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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 18 multifamily properties for sale in Nicholasville, KY, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 59,977 square feet of properties for sale, with an estimated market value of $8,072,500.

Sale prices for multifamily properties in Nicholasville, KY start at $224,900, averaging $538,166, and reaching up to $1,050,000 — 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	$538.2K

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

170-180 Heritage Drive, Nicholasville, KY 40356

105-107 Elkchester Circle, Nicholasville, KY 40356

170-172 Heritage Drive, Nicholasville, KY 40356

170180 170-180 Heritage Dr, Nicholasville, KY 40356

209 S 1st Street, Nicholasville, KY 40356

510-512 N Central Avenue, Nicholasville, KY 40356

409-411 Longview Dr, Nicholasville, KY 40356

101103 101-103 Josephine Court & 101-103 Elkchester Cir, Nicholasville, KY 40356

508 & 506 Platt Drive, Nicholasville, KY 40356

112 A-B Meadowlark, Nicholasville, KY 40356

105-107 Elkchester Cir, Nicholasville, KY 40356

170-180 Heritage Dr, Nicholasville, KY 40356

510512 510-512 N Central Ave, Nicholasville, KY 40356