321 S Main St - Apartments FOR SALE


Harrodsburg, KY 40330
$284,900 USD
859-339-8105
321 S Main St, Harrodsburg, KY for Sale
$284,900 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

321 S Main St
Harrodsburg, KY 40330


HIGHLIGHTS

  • Downtown On Main
  • Separately metered electric (tenant-paid)
  • Two units currently leased with stable in-place income
  • Renovated interiors

OVERVIEW

Located on South Main Street in downtown Harrodsburg, 321 S Main St is a renovated 3-unit mixed-use asset offering immediate income with flexible future use potential. The downstairs unit features a 3-bedroom / 3-bath layout, making it suitable for high-density residential occupancy or potential professional/office use, subject to planning and zoning approval. Buyers are encouraged to verify permitted uses with the City of Harrodsburg Planning & Zoning Department. The building has undergone meaningful capital improvements, reducing near-term maintenance risk and supporting long-term hold strategy. Recent Improvements Updated kitchens across all three units Upgraded bathrooms in all units New roof Luxury vinyl plank flooring Tile flooring in wet areas Fresh interior paint throughout These upgrades support higher rents, cleaner tenant profiles, and lender confidence. Operational Highlights Separately metered electric (tenant-paid) Landlord pays water, gas, and trash Two units currently leased with stable in-place income Clear value-add opportunity through lease-up and optimization of the downstairs unit Investment Thesis This is a downtown Main Street asset with: In-place cash flow Renovated interiors Flexible mixed-use potential Strong pro-forma upside Ideal for investors seeking a buy-and-hold multifamily, a live/work configuration, or a small professional office conversion, pending zoning confirmation. Location Situated in Harrodsburg’s historic downtown corridor, the property benefits from walkability, visibility, and proximity to local retail, dining, civic buildings, and tourism drivers, making it attractive for both residential tenants and small professional users.

FOR SALE DETAILS

PRICE

$284,900 USD

PRICE/SF

$102 USD /SF

# OF UNITS

3

PRICE/UNIT

$94,967

CAP RATE

Request Cap Rate

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,146 SF

ZONING

COM

APN/PARCEL ID

100.10-14004.00

ASK ABOUT THIS PROPERTY

Tanner GoodKYCBMore Info
859-339-8105

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Tanner GoodKYCBMore Info
859-339-8105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.