125 E Walnut Street, Danville, KY 40422
$980,000
Property Type:
Residential Income
Bedrooms:
14
Baths:
8
Square Footage:
7,040
Lot Size (sq. ft.):
40,075
Status:
Active
Current Price:
$980,000
List Date:
9/22/2026
Last Modified:
10/29/2026
Listing Details MLS# 26026048
Listing Information
- Property Sub Type
- Apartment
- Comp Sale YN
- No
Status Change Information
- StatusChangeDate
- 2026-09-22
Address
- County
- Boyle
- Street #
- 125
- St Dir
- E
- Street
- Walnut
- St Suffix
- Street
- State/Province
- KY
- Zip Code
- 40422
- Directions
- Downtown Danville to Second Street, left on E. Walnut. Apartments are on left.
- Parcel Number
- D08-015-008
- Deed Book
- 608
- Deed Page
- 699
Contract
- Original List Price
- 980000
- Start Showing Date
- 2026-09-22
- Listing Price
- 980000
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/Acre
- 1065217.39
- List Price/SqFt
- 139.2
Tax Legal
- Area
- 012 - Boyle County
- Subdivision/Condo
- Downtown
- School District
- Boyle County - 12
Interior
- Total # Bedrooms
- 14
- Total Bathrooms
- 8
- Baths - Full
- 8
- Living Area
- 7040
- Living Area Source
- Public Records
More Information
Parking Information
- Parking Total
- 8
Building
- Year Built
- 1976
- Stories Total
- 2
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 0.92
- Lot Size Square Feet
- 40075.2
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- Rare opportunity to acquire an 8-unit multifamily property in the heart of downtown Danville, Kentucky generating $110,400 in annual income. This well-positioned apartment building combines a convenient central location with significant property improvements and on-site parking. The property has been substantially improved, including a new roof, updated HVAC systems, and updated units throughout, reducing near-term capital improvement needs while offering an attractive foundation for continued multifamily ownership. Residents benefit from a highly convenient location beside historic Constitution Square and just blocks from Danville's Main Street district, with easy access to downtown restaurants, shopping, services, and community attractions. Ephraim McDowell Regional Medical Center is approximately 0.2 mile away, while Centre College is just minutes away along the Walnut Street corridor. With 8 units, extensive improvements, on-site parking and a walkable downtown location, the property offers an attractive opportunity for an investor seeking a manageable multifamily asset in a desirable central Danville setting. **May be purchased individually or together with the neighboring properties at 115 and 135 E. Walnut Street for a total 28-unit portfolio. For an expanded investment opportunity, the package may also include three additional Danville duplexes located on Aspen Drive, E. Cheryl Lane, and E. Erskine Drive, bringing the combined portfolio to 34 units.**
Building and Property Details
- Age of Roof
- 2025
Income and Expenses
- Gross Income
- 110400
- Insurance Expense
- 3948
- Real Estate Taxes
- 4718
- Total Actual Rent
- 110400
Showing Information
- Showing Instructions
- Use showing time
Tax & Legal
- Tax Rate
- 13.93
- Zoning Description
- Residential
Association/Community
- Number Of Buildings
- 1
- Number Of Units In Community
- 8
- Number Of Units Total
- 8
Property Features
Utilities:
Natural Gas Connected; Sewer Connected; Water Connected; Natural Gas Connected; Sewer Connected; Water Connected
Cooling:
Ductless; Electric
Heating:
Electric
Listing Terms:
1031 Exchange; Cash; Conventional
Parking Features:
On Site
Possession:
Close Of Escrow; Subject To Tenant Rights
Structure Type:
Multi Family
Showing Requirements:
Call Listing Agent; Showing Service
Sellers Disclosure Of Property Condition ›
Listing Office:
Bluegrass Home Group
Last Updated: October - 29 - 2026
Information deemed reliable but not guaranteed.