202 S College Street, Harrodsburg, KY 40330 (MLS# 26001844)

202 S College Street, Harrodsburg, KY 40330

$475,000

Property Type: Commercial Sale Square Footage: 8,008 Lot Size (sq. ft.): 8,160 Status: Active

Current Price: $475,000 List Date: 5/01/2026 Last Modified: 5/01/2026

Overview

Description

Back on Market - Motivated Seller! 19-Unit Income Property in Downtown Harrodsburg Approx. 8,000 sq ft income-producing building generating around $8,900 per month in gross rent. Originally constructed as a hospital and converted to apartments in the 1950s; current ownership since 1996. Well maintained and turnkey: new roof 2024, updated plumbing/electrical, no known major deferred maintenance. Historically ~90% occupancy with reliable rent roll; primarily elderly tenants on Social Security for stable income. Gas boiler heat, window A/C units, 300-amp electrical service, street parking available. Local property management available. Flexible layout for future improvements or redevelopment. Sold as-is. No seller financing. Seller needs clean exit. Previously under contract for most of its listing period — now available again.

Listing Details MLS# 26001844

Listing Information

Comp Sale YN: No
Property Sub Type: Hotel/Motel

Status Change Information

Price Change Timestamp: 2026-02-21T19:08:20Z
Status Change Timestamp: 2026-05-01
Back on Market Date: 2026-05-01

Address

County: Mercer
Street Number: 202
Street Direction Prefix: S
Street Name: College
Street Suffix: Street
State: KY
Zip Code: 40330
Parcel Number: 100.60-09003.00

Contract

Original List Price: 499900
Start Showing Date: 2026-01-28
Listing Contract Date: 2025-02-07
Listing Agreement: Exclusive Right To Sell
Owner Name: Jack Mattingly
Owner Phone: 859 734 7770
Occupant Type: Tenant
Office Exclusive YN: No
List Price/SqFt: 59.32

Tax Legal

MLS Area Major: 011 - Mercer County
Subdivision Name: Downtown

Interior

Living Area: 8008
Living Area Units: Square Feet
Building Area Total: 8008
Building Area Source: Public Records
Building Area Units: Square Feet

More Information

Parking Information

Parking Total: 5

Building

Year Built: 1910
Stories Total: 3
Accessibility Features YN: No

Lot

Lot Size Acres: 0.187
Lot Size Square Feet: 8160
Lot Size Dimensions: 102x80
Road Frontage Feet: 102

Utilities

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

Remarks

Public Remarks: Back on Market - Motivated Seller! 19-Unit Income Property in Downtown Harrodsburg Approx. 8,000 sq ft income-producing building generating around $8,900 per month in gross rent. Originally constructed as a hospital and converted to apartments in the 1950s; current ownership since 1996. Well maintained and turnkey: new roof 2024, updated plumbing/electrical, no known major deferred maintenance. Historically ~90% occupancy with reliable rent roll; primarily elderly tenants on Social Security for stable income. Gas boiler heat, window A/C units, 300-amp electrical service, street parking available. Local property management available. Flexible layout for future improvements or redevelopment. Sold as-is. No seller financing. Seller needs clean exit. Previously under contract for most of its listing period — now available again.

Building and Property Details

Building Expansion Potential YN: No
Lot Expansion Potential YN: No

Income and Expenses

Electric Expense: 750
Gross Income: 100000
Gross Scheduled Income: 102480
Net Operating Income: 80000
Operating Expense: 1550
Other Expense Description: 400
Other Income: 1000
Real Estate Taxes: 2200
Water Sewer Expense: 400

Showing Information

Showing Instructions: Schedule through showing time, allow at least 24 hours to arrange showings. Owner will be present, all units will not be available for viewing.

Tax & Legal

Business Name: THE PARKVIEW GUESTHOUSE
Tax Rate: 11.76
Zoning Description: Commercial
Directions: On the corner of Curry Avenue and College Street.

Association/Community

Number Of Buildings: 1

Construction Materials

Stucco: Yes

Cooling

Window Unit(s): Yes

Heating

Hot Water: Yes
Natural Gas: Yes
Steam: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Possession

Negotiable: Yes

Roof

Metal: Yes

Security Features

Security System Owned: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Gas: Yes

Business Type

Hotel/Motel: Yes

Ceiling

Dropped: Yes
Drywall: Yes

Showing Requirements

Call Listing Agent: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Business Type: Hotel/Motel Ceiling: Dropped; Drywall Construction Materials: Stucco Cooling: Window Unit(s) Heating: Hot Water; Natural Gas; Steam Listing Terms: Cash; Conventional Possession: Negotiable Roof: Metal Security Features: Security System Owned Sewer: Public Sewer Special Listing Conditions: Standard Water Heater: Gas Showing Requirements: Call Listing Agent

Listing Office: RM McGinnis, LLC Real Est & Auction Professionals

Last Updated: May - 01 - 2026

Information deemed reliable but not guaranteed.