About This Home

This 9-bedroom, 9-bathroom multi-family at 4738 Camargo Levee Road in Mount Sterling, KY is listed for $369,000 ($62 per sqft). the home offers 6,000 sqft of living space on a 0.66 acres lot.

Key Features

  • 0.66 acre lot

Property Details

9 full

Amenities

A/C
Listing Description

Opportunity knocks just minutes from downtown Mt. Sterling with this compelling 9-unit multifamily investment in the quiet Camargo community. This income-producing property offers immediate returns with 6 units currently leased, 2 rent-ready, and 1 unit ready for renovation, providing both stability and upside from day one.

Spread across two buildings, the property has seen significant recent improvements, including 8 units updated or repaired within the past two years, new HVAC systems, and a recently installed metal roof on the 4-unit building. The larger building features 5 existing units plus a framed 6th unit with rough plumbing and electric already in place--ideal for increasing door count with minimal additional investment.

Beyond the existing units, the property offers exceptional expansion potential: 32' x 40' shop with 12' ceilings and work pit--perfect for additional rental income, storage leases, or conversion to 2-3 more units RV pad with electric and plumbing, with space to add a second pad Infrastructure in place for scalability with 12 individual water meters

onsite (currently operating on 2 meters), allowing for future tenant-paid utilities and improved expense control Positioned in a peaceful rural setting while remaining accessible to key demand drivers--just 46 minutes to Lexington and within reach of Morehead State University and Transylvania University--this property offers the ideal blend of current income, operational improvements, and long-term growth potential.

Whether you're expanding your portfolio or entering the multifamily space, this is a rare value-add opportunity with multiple revenue streams already in motion.

Monthly Cost Estimate

$1,973/mo

20% down · 6.5% · 30 years

Principal$267
Interest$1,599
Insurance$108

Estimates only. Actual payments may vary.

Location

4738 Camargo Levee Road

Mount Sterling, KY 40353

Camargo Heights

Property Details

Heating

Forced AirElectric (Heating)Heat Pump (Heating)

Cooling

DuctlessElectric

Questions & Answers

This 9-bedroom, 9-bathroom multi-family at 4738 Camargo Levee Road is listed at $369,000 ($62/sqft). The estimated monthly payment is $1,974 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.66 acre lot.

This property is listed by Melia Realty Group - Melia Hord.

MH

Melia Realty Group - Melia Hord

Agent at MELIA Realty LLC

Listed by MELIA Realty LLC · Broker phone: 8594901101 · View on Broker Site

MLS# 26022136· Source: ImagineMLS· 77 days on PropertySimple

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4738 Camargo Levee Road, Mount Sterling, KY 40353

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