# 300 Pine Ridge Drive, Morehead, KY 40351

> **TL;DR:** commercial, $3,500,000 ($94/sqft), built 1978, 37,386 sqft.
> A/C. Est. $18,719/mo. Listed 15 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,500,000 |
| Price/sqft | $94 |
| Square Feet | 37,386 |
| Year Built | 1978 |
| Lot Size | 174,284 sqft (4.00 acres) |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 15 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $17,698 |
| Estimated Insurance | $1,021 |
| **Total** | **$18,719** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1978
- 4.00 acre lot

## Description

### Agent Description
Pine Ridge Apartments - 48-Unit Multifamily Investment Opportunity! Located in Morehead, KY, this established apartment community offers an excellent opportunity for investors seeking to expand their multifamily portfolio. Situated on approximately 4 acres and surrounded by an additional 36 wooded acres, the property provides a peaceful residential setting with convenient accessibility. The community consists of 48 units, including 8 three-bedroom, 16 two-bedroom, and 24 one-bedroom apartments. Additional features include an on-site management office and resident laundry facility. Pine Ridge Apartments operates under a HUD housing program through the U.S. Department of Housing and Urban Development, offering an established affordable housing community with potential for long-term investment stability. With its diverse unit mix, existing infrastructure, and potential for operational improvements, this property presents an attractive investment opportunity. **Buyer must obtain HUD approval, and the property is subject to existing HUD program requirements and restrictions.

## Location

- **Address:** 300 Pine Ridge Drive, Morehead, KY 40351
- **County:** Rowan
- **Neighborhood:** City Limits
- **Coordinates:** 38.183342, -83.467856
- **Google Maps:** https://www.google.com/maps?q=38.183342,-83.467856

## Listing Agent

- **Name:** Talitha L Martin
- **Brokerage:** HomeLand Real Estate Inc - Mt Sterling
- **Broker Phone:** (606) 356-3063

## Photos

![300 Pine Ridge Drive - Photo 1](http://lh.rdcpix.com/f654e7578683ee3708b2140affe40841l-f1153906493r.jpg)

![300 Pine Ridge Drive - Photo 2](http://lh.rdcpix.com/f654e7578683ee3708b2140affe40841l-f2121339465r.jpg)

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![300 Pine Ridge Drive - Photo 39](http://lh.rdcpix.com/f654e7578683ee3708b2140affe40841l-f1436338106r.jpg)

![300 Pine Ridge Drive - Photo 40](http://lh.rdcpix.com/f654e7578683ee3708b2140affe40841l-f4015409468r.jpg)

![300 Pine Ridge Drive - Photo 41](http://lh.rdcpix.com/f654e7578683ee3708b2140affe40841l-f2645975265r.jpg)

![300 Pine Ridge Drive - Photo 42](http://lh.rdcpix.com/f654e7578683ee3708b2140affe40841l-f2452070476r.jpg)

![300 Pine Ridge Drive - Photo 43](http://lh.rdcpix.com/f654e7578683ee3708b2140affe40841l-f484521860r.jpg)

![300 Pine Ridge Drive - Photo 44](http://lh.rdcpix.com/f654e7578683ee3708b2140affe40841l-f3661331739r.jpg)

![300 Pine Ridge Drive - Photo 45](http://lh.rdcpix.com/f654e7578683ee3708b2140affe40841l-f265040657r.jpg)

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![300 Pine Ridge Drive - Photo 52](http://lh.rdcpix.com/f654e7578683ee3708b2140affe40841l-f4043708375r.jpg)

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![300 Pine Ridge Drive - Photo 63](http://lh.rdcpix.com/f654e7578683ee3708b2140affe40841l-f1440139511r.jpg)

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---

**MLS#:** 26028937 | **Updated:** 2026-10-20
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/300-pine-ridge-drive-morehead-ky-40351-f47fa087512e4642a93f984984dbc88f)

---

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