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For sale
  • Price cut: $31K (1/5)
    $499,000

    4738 Camargo Levee Rd, Mount Sterling, KY 40353

    9beds
    6,000sqft
    : 
    Multi Family
    Built in ----
    -- sqft lot
    $460,400 Zestimate®
    $83/sqft
    $-- HOA

    What's special

    Plumbed rv padWell-maintained complexNew metal roof
    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.
    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#: 25502951MLS Logo

    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
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    Estimated market value

    $460,400

    $437,000 - $483,000

    $1,033/mo

    Price history

    Price history
    DateEventPrice
    1/5/2026Price change$499,000-5.8%$83/sqft
    Source: Imagine MLS #25502951 Report a problem
    10/4/2025Listed for sale$530,000$88/sqft
    Source: Imagine MLS #25502951 Report a problem

    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
      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.

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