321 S Main St 3 Unit Apartment Building $386,928 CAD ($128,976 CAD/Unit) Harrodsburg, KY 40330

Located on South Main Street in downtown Harrodsburg, 321 S Main St is a renovated 3-unit mixed-use asset offering immediate income with flexible future use potential.
The downstairs unit features a 3-bedroom / 3-bath layout, making it suitable for high-density residential occupancy or potential professional/office use, subject to planning and zoning approval. Buyers are encouraged to verify permitted uses with the City of Harrodsburg Planning & Zoning Department.
The building has undergone meaningful capital improvements, reducing near-term maintenance risk and supporting long-term hold strategy.
Recent Improvements
Updated kitchens across all three units
Upgraded bathrooms in all units
New roof
Luxury vinyl plank flooring
Tile flooring in wet areas
Fresh interior paint throughout
These upgrades support higher rents, cleaner tenant profiles, and lender confidence.
Operational Highlights
Separately metered electric (tenant-paid)
Landlord pays water, gas, and trash
Two units currently leased with stable in-place income
Clear value-add opportunity through lease-up and optimization of the downstairs unit
Investment Thesis
This is a downtown Main Street asset with:
In-place cash flow
Renovated interiors
Flexible mixed-use potential
Strong pro-forma upside
Ideal for investors seeking a buy-and-hold multifamily, a live/work configuration, or a small professional office conversion, pending zoning confirmation.
Location
Situated in Harrodsburg’s historic downtown corridor, the property benefits from walkability, visibility, and proximity to local retail, dining, civic buildings, and tourism drivers, making it attractive for both residential tenants and small professional users.