$3,500,000

300 Pine Ridge Drive, Morehead KY, 40351

Price per sqft$93.62

Built in1978

Property size37,386 sqft

Property typeCommercial

Listed by Talitha L Martin with HomeLand Real Estate Inc - Mt Sterling

Overview

Active

Listed Oct 19, 2026

Updated 10h ago

Pine Ridge Apartments - 48-Unit Multifamily Investment Opportunity! Located in Morehead, KY, this established apartment community offers an excellent opportunity for investors seeking to expand their multifamily portfolio. Situated on approximately 4 acres and surrounded by an additional 36 wooded acres, the property provides a peaceful residential setting with convenient accessibility. The community consists of 48 units, including 8 three-bedroom, 16 two-bedroom, and 24 one-bedroom apartments. Additional features include an on-site management office and resident laundry facility. Pine Ridge Apartments operates under a HUD housing program through the U.S. Department of Housing and Urban Development, offering an established affordable housing community with potential for long-term investment stability. With its diverse unit mix, existing infrastructure, and potential for operational improvements, this property presents an attractive investment opportunity. **Buyer must obtain HUD approval, and the property is subject to existing HUD program requirements and restrictions.

Additional information

MLS^® ID: 26028937

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 4 Acres

Listing Contact:

The IDX display contains information sourced from the Bluegrass REALTORS® as of 10/20/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/20/2026 at 4:33 AM UTC