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5294-5312 Bakers Spring St 16 Unit Apartment Building $2,350,000 ($146,875/Unit) 4.25% Cap Rate Bowling Green, KY 42101
Investment Highlights
- Newer multifamily asset built around 2025 in Bowling Green.
- Strong regional population and rental demand in Warren County.
- Corner location at Bakers Spring and Hillview Mills with easy access to SR Road corridor.
- Master-metered utilities streamline ownership operations.
Executive Summary
Positioned at the corner of Bakers Spring and Hillview Mills Boulevard in Bowling Green, Kentucky, this newly built multifamily offering presents a compelling opportunity for investors seeking a modern, strategically located asset in the fast-growing Warren County market. Delivered around 2025 and spanning two buildings, the property features a total of 16 units, all currently vacant, allowing a future owner the flexibility to implement a fresh lease-up strategy, curate tenant mix, or apply value-add enhancements from day one. Situated less than a minute off South Russellville Road, the site benefits from strong traffic connectivity, proximity to employment centers, and easy access to Bowling Green’s expanding residential and commercial corridors.
Property Facts
| Price | $2,350,000 | Building Class | B |
| Price Per Unit | $146,875 | Lot Size | 1.07 AC |
| Sale Type | Investment | Building Size | 15,600 SF |
| Cap Rate | 4.25% | Average Occupancy | 0% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 2.44/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4 - Residential Multi-Family | ||
| Price | $2,350,000 |
| Price Per Unit | $146,875 |
| Sale Type | Investment |
| Cap Rate | 4.25% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.07 AC |
| Building Size | 15,600 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 2.44/1,000 SF |
| Zoning | R-4 - Residential Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | - | 980 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,870,000 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,870,000
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5294-5312 Bakers Spring St
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