Multi-Family Investment Opportunity - 9 Units + Expansion Potential in Camargo, KY Excellent income-producing property featuring 9 rentable units across two buildings, with 6 units currently leased, 2 ready for new tenants, and 1 awaiting renovation. Recent updates include 8 units repaired or flipped within the last two years, new HVAC systems, and a new metal roof (installed within 3 months) on the smaller 4-unit building. The larger building offers 5 existing units plus a framed-out 6th unit with rough plumbing and electric in place. Additional opportunities include a spacious A 32' x 40' shop with 12' ceilings and a work pit garage that could be leased for storage or converted into 2-3 more rental units, and a plumbed RV pad with electric—plus space for a second pad once utilities are extended. The property is currently served by 2 water meters, with 12 new individual meters onsite ready for installation to increase efficiency and reduce costs. This well-maintained complex in peaceful Camargo offers both immediate cash flow and substantial upside potential—perfect for investors seeking value-add opportunities in a rural market. Located outside of downtown Mt Sterling and within 46 minutes/36 miles from downtown Lexington. It is approximately 40 minutes to Morehead State University and Transylvania University.
For sale
Price cut: $31K (1/5)
$499,000
4738 Camargo Levee Rd, Mount Sterling, KY 40353
9beds
6,000sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$460,400 Zestimate®
$83/sqft
$-- HOA
What's special
Plumbed rv padWell-maintained complexNew metal roof
- 143 days |
- 266 |
- 9 |
Zillow last checked: 8 hours ago
Listing updated: January 05, 2026 at 07:07am
Listed by:
MELIA Realty Group - Melia Hord 859-449-4400,
Keller Williams Legacy Group
Source: Imagine MLS,MLS#: 25502951
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 9
- Full bathrooms: 9
Heating
- Electric, Forced Air, Heat Pump, Other
Cooling
- Ductless, Electric, Other
Appliances
- Laundry: Main Level
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
Property
Parking
- Parking features: On Site, Open
- Has uncovered spaces: Yes
Lot
- Size: 0.66 Acres
Details
- Parcel number: 0412003010.00
- Zoning description: Commerical
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Metal
Utilities & green energy
- Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Camargo Heights
Location
- Region: Mount Sterling
Financial & listing details
- Price per square foot: $83/sqft
- Date on market: 10/4/2025
Estimated market value
$460,400
$437,000 - $483,000
$1,033/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/5/2026 | Price change | $499,000-5.8%$83/sqft |
Source: | ||
| 10/4/2025 | Listed for sale | $530,000$88/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,649/mo
Principal & interest
$2337
Property taxes
$312
Climate risks
Neighborhood: 40353
Nearby schools
GreatSchools rating
- 6/10Camargo Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10McNabb Middle SchoolGrades: 6-8Distance: 4.6 mi
- 5/10Montgomery County High SchoolGrades: 9-12Distance: 4.7 mi
Schools provided by the listing agent
- Elementary: Camargo
- Middle: McNabb
- High: Montgomery Co
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






