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Creekside Senior and Nicholasville Green 2 Multifamily Properties in Nicholasville, KY
Investment Highlights
- 56-Unit Nicholasville Portfolio with Defined Rent Upside
- Well-Maintained Assets with Recent Capital Improvements and Additional Operational Upside
- Two-Property Portfolio Located Less Than One Mile Apart
Executive Summary
Creekside Senior & Nicholasville Greens is a 56-unit affordable housing portfolio located in Nicholasville, KY, within the Lexington MSA. The portfolio includes two assets located less than one mile apart, creating operational efficiencies through shared management, maintenance, and leasing oversight. Creekside Senior offers one- and two-bedroom senior housing units, while Nicholasville Greens features larger three- and four-bedroom townhome-style floorplans, providing exposure to multiple renter segments.
The offering provides a defined path to rent growth while remaining within the existing 60% AMI affordability framework, with in-place rents trailing 2026 Jessamine County net max rents across the unit mix. Current ownership has also completed meaningful capital improvements across the properties, reducing near-term capital needs for new ownership. The portfolio benefits from proximity to Lexington’s major employment drivers, including the University of Kentucky, Kentucky State Government, Toyota Kentucky, Baptist Health, Amazon, and other regional employers.
The offering provides a defined path to rent growth while remaining within the existing 60% AMI affordability framework, with in-place rents trailing 2026 Jessamine County net max rents across the unit mix. Current ownership has also completed meaningful capital improvements across the properties, reducing near-term capital needs for new ownership. The portfolio benefits from proximity to Lexington’s major employment drivers, including the University of Kentucky, Kentucky State Government, Toyota Kentucky, Baptist Health, Amazon, and other regional employers.
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Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 61,966 SF |
| Number of Properties | 2 | Total Land Area | 3.79 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 61,966 SF |
| Total Land Area | 3.79 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Creekside Senior Apartments
407 N 2nd St, Nicholasville, KY 40356 |
Multifamily | 35,514 SF | 2004 | - |
|
Nicholasville Greens
108 N Central Ave, Nicholasville, KY 40356 |
Multifamily | 26,452 SF | 2004 | - |
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