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309 S 5th St 7 Unit Apartment Building $377,700 ($53,957/Unit) 14% Cap Rate Murray, KY 42071

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EXECUTIVE SUMMARY

Looking for an lucrative investment property with 7 units under one roof? Look no further! Parking spaces are adjacent to the building and behindunits D&G. This property includes basic apartment necessities of stove and refrigerator and has the potential for growth! Over half of thewindows have been replaced with vinyl framed windows this year. Conveniently located to shopping, hospital and the university. Allow 48 hoursfor showings for tenants rights. Currently apartment D is being remodeled & pending occupancy, if vacant can be shown on short notice. This rental property has been owned for over 45 years!
ADDITIONAL PICTURES

PROPERTY FACTS

Price $377,700
Price Per Unit $53,957
Sale Type Investment
Cap Rate 14%
No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class B
Lot Size 0.21 AC
Building Size 6,400 SF
Average Occupancy 71%
No. Stories 2
Year Built 1970
Zoning city zoning

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 $465.00 -
2+1 3 $825.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
010-0-0008-00006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$46,000
  • Listing ID: 38571029

  • Date on Market: 11/25/2025

  • Last Updated:

  • Address: 309 S 5th St, Murray, KY 42071

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