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New Listing
$825,000
( $9.48Per Sq Foot )
 $4,429 est/mo Sourced by Back At You

214 E Chestnut Street,Carlisle, KY 40311

Carlisle, KY 40311

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Description

Clay Manor Apartments presents a compelling opportunity to acquire a 12-unit multifamily investment property in Carlisle, Kentucky. Offered at $825,000, the property features ten two-bedroom, one-bathroom apartments and two one-bedroom, one-bathroom apartments, providing an established rental portfolio with opportunities for additional income growth. Currently, 10 of the 12 units are occupied, with two vacant apartments available for lease-up. All existing tenants are on month-to-month leases, and current rents average approximately $600 per occupied unit. Newer two-bedroom leases reflect rental rates of $650 per month, providing investors with an opportunity to evaluate future rental adjustments as part of their investment strategy. The property benefits from an existing on-site manager, tenant-paid utilities, and a documented operating history. Conveniently located near downtown Carlisle, the building offers access to local shopping, dining, schools, and everyday amenities. With established rental income, immediate lease-up opportunities, and potential for continued revenue growth, Clay Manor Apartments offers an attractive addition to an investment portfolio. Financial statements and additional property information are available upon request. Schedule a private showing to explore this multifamily investment opportunity.

Details

MLS #26030518
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year9999
Days On Site4
Listing Provided ByChristies International Real Estate Bluegrass | Erin Lewis

Features

SQ Feet87,000
Building(s)1
ZoningR-2
Acreage0.20

Interior

CoolingWindow Unit(s)
HeatingOther
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofMetal
Construction MaterialsBrick

Utilities

UtilitiesElectricity Available, Sewer Available, Water Available

Area Information

StateKY
CountyNicholas
CityCarlisle
Zip Code40311
Area017 Nicholas County
SubareaNicholas County
Community NameDowntown
Listing VS Median (in Downtown)
Price:
$825,000
low | high
Med:
$232,950
100% of Average
sqft:
87,000
low | high
Med:
2,104
100% of Average
$ / sqft:
$9
low | high
Med:
$112
100% of Average
On site:
4
low | high
Med:
26.5
15.094339622642% of Average
Sourced by Back At You

Market Activity 40311

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Additional Information

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Learn More About This Property

Benchmark Realty

Benchmark Realty

 (615) 371-1544info@benchmarkrealtytn.com
StateKY
CountyNicholas
CityCarlisle
Zip Code40311
Area017 Nicholas County
SubareaNicholas County
Community NameDowntown
Listing VS Median (in Downtown)
Price:
$825,000
low | high
Med:
$232,950
100% of Average
sqft:
87,000
low | high
Med:
2,104
100% of Average
$ / sqft:
$9
low | high
Med:
$112
100% of Average
On site:
4
low | high
Med:
26.5
15.094339622642% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $618K - $1.031M
sqft: 65,000 - 108,500
Nearby Listings Property ImageNearby Listings Details
214 E Chestnut Street Property Photo 1
$825,000
214 E Chestnut Street
Carlisle, KY 40311
Listing Updated: November 5, 2026 at 10:31:33 AM PST
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