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.