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    Paris, KY
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    Paris, KY Multifamily Properties for Sale

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    Historic Income Property in Paris
    Updated: Apr 12
    Historic Income Property in Paris

    339 Main Street, Paris, KY 40361

    $1,650,000
    10,362 sqft 0.09 AC lot
    Historic income‑producing property in Downtown Paris, KY.
    Multiple long‑term leases in place with street‑level tenants.
    Three 1‑bedroom/1‑bath apartments with full kitchens and laundry hookups, serviced by an elevator.
    Also includes 3 Ardery Place and 5 Ardery Place, offering additional office and residential rental opportunities.
    Five dedicated parking spaces plus ample street parking, including handicapped spaces.
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    This listing looks promising.

    Here's a quick look at some key insights for

    339 Main Street, Paris, KY 40361

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $146K
      Annual

    • Mortgage

      $500K
      Apr 2025

    • Last Sold

      Apr 2025
      $750K
    View Property Analytics
    Historic Mixed-Use Building with Apartments
    Updated: Jun 17
    Historic Mixed-Use Building with Apartments

    214-216 Main Street, Paris, KY 40361

    $269,000
    4,674 sqft 0.12 AC lot
    Mixed‑use building (cira 1860 est) with separate front office and two large apartments across 1st and 2nd levels
    Front office space was previously used as an insurance business office and a small portion is now used as a business appraisal office
    Upstairs apartment features a large living room, kitchen, 3 small bedrooms, 2 closets, and a laundry room/storage area
    Main level apartment offers 3 large bedrooms, a large kitchen, a laundry room, and one nice bath
    Both apartments have front and back entrances
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    Updated Duplex Income Property
    Updated Duplex Income Property

    3088 Cane Ridge Road, Paris, KY 40361

    $200,000
    2,268 sqft 0.84 AC lot

    Two 2-bedroom units with multiple recent interior and major system updates support straightforward rental operations.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Paris, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Updated Quadplex Investment Property
    Updated Quadplex Investment Property

    125 Howard Avenue, Mt Sterling, KY 40353

    $339,000
    3,792 sqft 0.26 AC lot

    Well-maintained quadplex with multiple system upgrades, offering a turn-key residential income option with fewer major replacements remaining.

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    Brick Triplex with Commercial Space
    Brick Triplex with Commercial Space

    502 W Lexington Avenue, Winchester, KY 40391

    $350,000
    4,798 sqft 0.18 AC lot

    Brick triplex includes street-facing commercial space plus two second-level two-bedroom apartments, all currently occupied.

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    Two-Unit Duplex For Sale
    Two-Unit Duplex For Sale

    1128-1130 Dale Drive, Winchester, KY 40391

    $239,000
    2,072 sqft 0.15 AC lot

    Duplex with two paired units, each featuring vaulted great rooms, 2 bedrooms, 1.5 baths, and a 1-car garage.

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    Income Duplex with Private Entrances
    Income Duplex with Private Entrances

    520 N Magnolia Drive, Mt Sterling, KY 40353

    $100,000
    1,488 sqft 0.20 AC lot

    Two separate units each offer 2 bedrooms and 1 bathroom with private entrances and dedicated laundry areas.

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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
    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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    Campton, KY Land For Sale
    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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    Recreational Land with Babbling Brook
    Recreational Land with Babbling Brook

    869 N Hwy 708, Beattyville, KY 41311

    $60,000
    10.00 AC lot

    10 acres of recreational land with endless possibilities.

    View details
    Surveyed Hunting and Development Land
    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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    Paris, KY Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Paris, KY, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 17,304 square feet of properties for sale, with an estimated market value of $2,119,000.

    Sale prices for multifamily properties in Paris, KY start at $200,000, averaging $706,333, and reaching up to $1,650,000 — 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

    Duplexes 2
    Apartment buildings 1

    Demographics Overview

    Population 18K
    Population Growth (5Y) -0.6%
    Median Household Income $57,074
    College Educated 18.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    40361 $766K

    Taxes & Financing

    Tax Rate (average for all types) 0.80%
    Property Tax per SF $7.78 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Bourbon County

    New Delisted

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