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For sale
  • Price cut: $24.1K (3/30)
    $464,900

    4738 Camargo Levee Rd, Mount Sterling, KY 40353

    9beds
    6,000sqft
    : 
    Multi Family
    Built in ----
    -- sqft lot
    $473,500 Zestimate®
    $77/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.
    178 days
    |
    198
    |
    2
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 30, 2026 at 08:34am

    Listed by:

    MELIA Realty Group - Melia Hord 859-449-4400,

    Keller Williams Legacy Group

    Source: Imagine MLS,MLS#: 25502951MLS Logo

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      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: $77/sqft
      • Date on market: 10/4/2025
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        Estimated market value

        $473,500

        $450,000 - $497,000

        $1,066/mo

        Price history

        Price history
        DateEventPrice
        3/30/2026Price change$464,900-4.9%$77/sqft
        Source: Imagine MLS #25502951 Report a problem
        2/25/2026Price change$489,000-2%$82/sqft
        Source: Imagine MLS #25502951 Report a problem
        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
        $2,638/mo
        Principal & interest
        $2347
        Property taxes
        $291
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          Climate risks

          Neighborhood: 40353

          Getting around

          14 / 100
          Car-Dependent
          18 / 100
          Somewhat Bikeable

          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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