# 4738 Camargo Levee Road, Mount Sterling, KY 40353

> **TL;DR:** 9bd/9ba multi-family, $464,900 ($77/sqft), 6,000 sqft.
> A/C. Est. $2,015/mo. Listed 11 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $464,900 |
| Price/sqft | $77 |
| Bedrooms | 9 |
| Bathrooms | 9 full |
| Square Feet | 6,000 |
| Lot Size | 28,750 sqft (0.66 acres) |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 11 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,015 |
| **Total** | **$2,015** |

## Nearby Schools

- **Elementary:** Camargo
- **Middle:** McNabb
- **High:** Montgomery Co

## Key Amenities

- A/C

## Property Highlights

- 0.66 acre lot

## Description

### Agent 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.

## Location

- **Address:** 4738 Camargo Levee Road, Mount Sterling, KY 40353
- **County:** Montgomery
- **Neighborhood:** Camargo Heights
- **Coordinates:** 37.991425, -83.885061
- **Google Maps:** https://www.google.com/maps?q=37.991425,-83.885061

## Listing Agent

- **Name:** Melia Realty Group - Melia Hord
- **Brokerage:** MELIA Realty LLC
- **Phone:** 8594494400
- **Email:** melia@meliarealty.com

## Primary Photo

![4738 Camargo Levee Road - Primary Photo](http://lh.rdcpix.com/d0318edc86611265c6d4d6f7a50c6ad3l-f696407843r.jpg)

*34 total photos available on [listing page](https://www.propertysimple.com/listing/4738-camargo-levee-road-mt-sterling-ky-40353-26011626)*

---

**MLS#:** 26011626 | **Updated:** 2026-06-18
**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.com/listing/4738-camargo-levee-road-mt-sterling-ky-40353-26011626)

---

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