318 Harding St Danville, KY 40422
Estimated payment $1,864/month
About This Home
This renovated 5-unit multifamily property in Danville combines historic character with modern upgrades, making it a unique opportunity in Central Kentucky. Each unit offers a functional one-bedroom, one-bath layout, with separately metered electric service for tenant convenience. The landlord currently covers water, sewer, trash, and one shared electric meter, creating a simple and manageable ownership structure.
The property has undergone significant renovations in 2025, including a new dimensional shingle roof, fresh vinyl siding with new gutters and soffits, porcelain countertops, updated tile work, brand new flooring, and fresh interior and exterior paint. These updates minimize deferred maintenance and provide modern living spaces that tenants can appreciate. Off-street parking adds additional value and ease of use for residents.
Originally built in 1936, the building retains its classic charm while offering the efficiency of contemporary updates. The property is currently fully occupied, reflecting the strength and consistency of the Danville rental market. Known for its stability, Danville attracts long-term renters thanks to its combination of local amenities, Centre College, Ephraim McDowell Regional Medical Center, and the cultural and recreational offerings of a vibrant small town.
With all major renovations complete and stable occupancy in place, this property is positioned as a strong addition to any portfolio. Whether you are seeking reliable income or a well-maintained asset with room for long-term appreciation, this multifamily building presents a compelling opportunity in one of Central Kentucky's most established communities.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $641
Year Built
- Built in 1936
Lot Details
- 9,148 Sq Ft Lot
Home Design
- 3,872 Sq Ft Home
- Dimensional Roof
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
Schools
- Tolliver Elementary School
- Bate Middle School
- Danville High School
Utilities
- Cooling Available
- Forced Air Heating System
- Heat Pump System
Listing and Financial Details
- Assessor Parcel Number D01-005-023
Community Details
Overview
- 5 Units
- Cresent Heights Subdivision
Building Details
- Insurance Expense $3,000
- Gross Income $43,200
- Net Operating Income $30,500
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $641 | $130,000 | $0 | $0 |
| 2023 | $660 | $130,000 | $0 | $0 |
| 2022 | $337 | $65,000 | $0 | $0 |
| 2021 | $341 | $65,000 | $0 | $0 |
| 2020 | $338 | $65,000 | $0 | $0 |
| 2019 | $259 | $50,000 | $0 | $0 |
| 2015 | $270 | $60,000 | $60,000 | $0 |
| 2012 | $270 | $60,000 | $60,000 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/05/2025 09/05/25 | For Sale | $340,000 | -- | $88 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $80,000 | Attorney Only | |
| Deed | $65,000 | -- |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25500497
APN: D01-005-023
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