Central Paducah Multifamily Investment Opportunity

430 Adams St, Paducah, KY 42003

Property Information

  • For Sale $3,200,000
  • Property Type Multi-Family
  • Property Size 9,820 SF
  • Units 18
  • Lot Size 0.68 Acre
  • Year Built 1981
  • Year Renovated 2025
  • Date Updated Oct 20, 2026

Description

Situated in Paducah, the location places investors within one of western Kentucky’s established regional hubs. Downtown Paducah offers a walkable mix of commerce, dining, and cultural activity, with the Historic Downtown district and the National Quilt Museum contributing to the area’s steady appeal and recognizable identity. The area also benefits from access to the Ohio and Tennessee River region, supporting Paducah’s role as a center for business and transportation in McCracken County. The DOE’s new data center is expected to bring 8000 jobs and 600 permanent positions to the market, adding to the area’s economic momentum. Nearby attractions including the Paducah Riverwalk and the Lower Town Arts District further enhance the location’s character and long-term relevance.430 Adams Street presents an opportunity to acquire an 18-unit multifamily asset in Paducah. The offering includes 17 individual apartment units plus one standalone house. The 9,820 SF building spans two stories and was originally built in 1981, with renovations completed in 2025, offering investors a refreshed property with established in-place occupancy. Currently 100% occupied, the asset combines ongoing income with potential upside. Its B-3 zoning adds flexibility, while the mid-rise apartment configuration supports efficient management across the unit mix. This offering is well suited for investors seeking a renovated multifamily property with scale, existing tenancy, and a strong physical foundation.

Highlights

  • 100% occupied with in-place tenancy
  • 18-unit multifamily asset
  • 9,820 SF apartment building
  • B-3 zoning
  • Established occupancy
  • Existing tenancy supports day-one operations
  • Opportunity for ongoing income
  • Originally built in 1981
  • Renovated in 2025
  • Two-story mid-rise configuration

Contacts

Location

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