939 Piedmont Street, Morehead, KY 40351 (MLS# 26018069)

939 Piedmont Street, Morehead, KY 40351

New Listing

$1,950,000

Property Type: Residential Income Bedrooms: 34 Baths: 17 Square Footage: 15,613 Lot Size (sq. ft.): 740,520 Status: Active

Current Price: $1,950,000 List Date: 7/13/2026 Last Modified: 7/13/2026

Overview

Description

Fantastic opportunity to invest in proven rental property near Morehead State University. All units stay occupied with no vacancies. 2 tri-plex units, 2 four-plex units, one single family dwelling and another ranch dwelling with main level unit and basement apartment. All units have been maintained well with many recent updates and repairs completed. Financial records available upon request.

Listing Details MLS# 26018069

Listing Information

Comp Sale YN: No
Property Sub Type: Quadruplex

Status Change Information

Status Change Timestamp: 2026-07-13

Address

County: Rowan
Street Number: 939
Street Name: Piedmont
Street Suffix: Street
State: KY
Zip Code: 40351
Zip +4: 2117
Directions: From Morehead, take E. Main st., to Tolliver Rd, then left of Piedmont.
Parcel Number: 080-30 00 074.01

Contract

Original List Price: 1950000
Start Showing Date: 2026-07-13
Listing Contract Date: 2026-07-13
Listing Agreement: Exclusive Right To Sell
Owner Name: Residential Miscellaneous
Occupant Type: Tenant
Office Exclusive YN: No
List Price/Acre: 114705.88
List Price/SqFt: 124.9

Tax Legal

MLS Area Major: 061 - Rowan County
Subdivision Name: City Limits
High School District: Rowan County - 61

Interior

Bedrooms Total: 34
Bathrooms Total: 17
Bathrooms Full: 17
Living Area: 15613
Living Area Source: Public Records
Bathrooms Half: 0

More Information

Building

Year Built: 9999
Stories Total: 2
Accessibility Features YN: No

Lot

Lot Size Acres: 17
Lot Size Square Feet: 740520

Utilities

Cooling YN: Yes
Heating YN: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Remarks

Public Remarks: Fantastic opportunity to invest in proven rental property near Morehead State University. All units stay occupied with no vacancies. 2 tri-plex units, 2 four-plex units, one single family dwelling and another ranch dwelling with main level unit and basement apartment. All units have been maintained well with many recent updates and repairs completed. Financial records available upon request.

Building and Property Details

Building Expansion Potential YN: Yes
Lot Expansion Potential YN: Yes

Income and Expenses

Gross Scheduled Income: 191800
Insurance Expense: 17068
Lawn Services Expense: 1830
Less Operating Expenses: 6180
Maintenance Expense: 6600
Net Operating Income: 51735
Other Expense: 57777
Other Expense (B): 6547
Other Expense (B) Description: snow removal
Other Expense Description: repairs and remodeling
Real Estate Taxes: 12010
Vacancy Allowance Rate: 0

Showing Information

Showing Instructions: call listing agent

Tax & Legal

Elementary School: Rodburn
Middle Or Junior School: Rowan Co
High School: Rowan Co
Tax Rate: 1.262
Zoning Description: R-3 (High Density Residential)

Association/Community

Number Of Buildings: 6
Number Of Units Total: 16

Cooling

Heat Pump: Yes

Heating

Heat Pump: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Parking Features

On Site: Yes
Paved: Yes

Possession

Close Of Escrow: Yes

Roof

Composition: Yes

Special Listing Conditions

Standard: Yes

Structure Type

Quadruplex: Yes
Triplex: Yes
Other: Yes

Showing Requirements

Call Listing Agent: Yes

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Heat Pump Heating: Heat Pump Listing Terms: 1031 Exchange; Cash; Conventional Parking Features: On Site; Paved Possession: Close Of Escrow Roof: Composition Special Listing Conditions: Standard Structure Type: Quadruplex; Triplex; Other Showing Requirements: Call Listing Agent

Documents

Sellers Disclosure Of Property Condition ›

Listing Office: C Roger Lewis Agency

Last Updated: July - 13 - 2026

Information deemed reliable but not guaranteed.