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751 Hunt St 4 Unit Apartment Building $990,000 ($247,500/Unit) Ashland, KY 41101
Investment Highlights
- Well-maintained four-plex providing immediate rental income with two-bedroom and three-bedroom unit configurations.
- Expansive 7.81-acre parcel perfectly suited for significant multifamily expansion and development.
- Existing utilities and infrastructure on-site streamline the construction process for future projects.
- Townhouse-style upper-level apartments deliver spacious layouts and added comfort for long-term tenants.
- Development-ready site with City of Ashland approval for up to 108 new residential units.
- Convenient internal blacktop road enhances accessibility throughout the property for residents and construction crews.
Executive Summary
Presenting an exceptional investment and development opportunity in Ashland, Kentucky. Situated on 7.81 acres, this property features a well-maintained four-plex consisting of 2(2-bedroom 1-bath units) and 2 (3-bedroom 1.5 bath units). The upper-level units offer generous space and a desirable townhouse-style layout, adding to the appeal for renters seeking comfort and functionality. Beyond the existing rental income potential, this property is primed for large-scale multifamily development. The City of Ashland has already approved construction for up to 108 units, making this an ideal project site for developers looking to expand their portfolio in a growing market. Key Highlights: Four-Plex Structure: (4) two-bedroom / one-bath units Townhouse-Style Upper Units: Spacious, multi-level layout 7.81Acres: Excellent for additional multifamily development Ready: City-approved for 108 units Infrastructure in Place: Utilities available on-site Convenient Access: Blacktop road runs throughout the property This property offers a rare combination of current income, future development potential, and city-backed approval—making it a standout opportunity in the Ashland area.
Property Facts
| Price | $990,000 | Building Class | C |
| Price Per Unit | $247,500 | Lot Size | 7.45 AC |
| Sale Type | Investment | Building Size | 4,760 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1995 |
| Apartment Style | Low-Rise | Parking Ratio | 1.47/1,000 SF |
| Price | $990,000 |
| Price Per Unit | $247,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 7.45 AC |
| Building Size | 4,760 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1995 |
| Parking Ratio | 1.47/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 039-06-00-003.00 | Improvements Assessment | $400,000 |
| Land Assessment | $80,000 | Total Assessment | $480,000 |
Property Taxes
Parcel Number
039-06-00-003.00
Land Assessment
$80,000
Improvements Assessment
$400,000
Total Assessment
$480,000
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Prime Realty
751 Hunt St
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