Two Brick Fourplexes | 8 Total Units – Danville, KY
Excellent opportunity to acquire a turnkey 8-unit multifamily investment located on East Main Street in Danville, KY. The offering includes two all-brick fourplexes, each comprised of (4) 2-bedroom, 1-bath units with central HVAC, washer/dryer hookups, and individual electric meters. Units are well-maintained, with strong historical occupancy and immediate rental upside.
Current occupancy is 75% (6 of 8 units occupied) with a rent roll potential of $7,600+/month, offering a cap rate of approximately 6.9%. Two vacant units are ready for lease or owner placement. The property features newer roofs, paved parking, and private back patios for each unit, plus common entries and designated dining space within each floorplan.
Highlights
Two Brick Fourplexes | 8 Total Units
All 2 Bedroom / 1 Bath Units
Individually Metered / Fully Electric
Washer/Dryer Hookups in Every Unit
Private Back Patios & Dining Space
Newer Roofs and Freshly Paved Parking Areas
Low Maintenance Brick Construction
Strong Historic Occupancy (Typically 100%)
Currently 75% Occupied – Two Vacancies
Cap Rate: Approx. 6.9%
Pro Forma Monthly Rent Potential: $7,600+
No Owner Financing Offered
Proof of Funds Required for Showings
T12s and Rent Rolls Available During Due Diligence
Location
The property sits on a high-visibility section of East Main Street in Danville, KY, within minutes of Centre College, Ephraim McDowell Regional Medical Center, and the Central KY business corridor. The area continues to see strong rental demand, particularly for 2-bedroom housing, and is well-positioned for long-term investor stability and growth.
Offering Summary
Price: $899,900
Units: 8 (Two Fourplexes)
Cap Rate: Approx. 6.9%
Gross Potential Rent: $91,200/year ($7,600/month)
Occupancy: 75% (6 of 8 units occupied)
Property Type: Multifamily – Fourplex (x2)
Zoning: R-3 (Multifamily Residential)
Lot Size: 0.77 Acres (Combined – 918 & 920 East Main St.)
Year Built: 1985 (With Newer Roofs and Paved Parking)