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Investment Highlights

  • 23-unit commercial multifamily apartment building totaling 21,800 SF
  • Major renovations underway
  • Gross annual rent potential of $268,288 with projected NOI of $183,774 as complete
  • Historic 1890 building with stone facade in downtown Mt. Sterling, KY
  • Potential parking options behind the building
  • B-3 zoning with stable property values in the surrounding area, buyers are encouraged to explore potential tax credit options

Property Facts

Sale Type Investment
No. Units 23
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.17 AC
Building Size 15,435 SF
No. Stories 3
Year Built 1890
Opportunity Zone Yes
Zoning B3
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
23M-60-16-025.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$500,000
  • Listing ID: 40163058

  • Date on Market: 4/15/2026

  • Last Updated:

  • Address: 41 N Maysville St, Mount Sterling, KY 40353

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