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Hazel 42049
505 5th St
Photo of 505 5th St

13

Map

Photo of 505 5th St
Photo of 505 5th St
$75,000
↓ $3K (3.2%)
● Land - For Sale

505 5th St

Hazel, KY 42049
bedrooms
Studio
bathrooms
0 Bath
$455
Est. Monthly

About This Property

Prime opportunity in Hazel! This corner lot offers approximately 2.45 acres right at 5th Street and EW Miller Road, just off the new 641 South four-lane for excellent convenience and visibility. The property includes a 28' x 30' metal garage with two bay doors and a metal roof. With city water, sewer, and natural gas available, plus electric through WKRECC and internet through WK&T, this site is well-equipped for your plans. Whether you're looking for a great building site or a business opportunity, this property delivers!
Unit Size
-
Days on Market
23 days
Land Size
2.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
$86
HOA Dues
-
Year Built
-

Listed By

Neena Salazar
[email protected]
The Stables Realty Group

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 days ago (Realtracs #RTC3593268)

Price History

Date / Event Date Event Price
Oct 7, 2026 Price Decreased $75,000
↓ $3K (3.2%)
Price Decreased
Mar 2, 2026 Listed by HRE Advisors $77,500
Listed by HRE Advisors
Oct 21, 2023 No longer available -
No longer available
Aug 25, 2022 Listed by Elite Realty $79,000
Listed by Elite Realty
Great building site or great business opportunity! Approximately 2.5 acres at corner of 5th and E W Miller Streets in Hazel, with a two car garage currently on property. Garage has metal roof and concrete flooring, and measures 30' x 28'. This property sits right about access for new 641 bypass around Hazel, making for convenience and great visibility for a business. Having city amenities also are a plus for either commercial or residential. City water, city sewer, and natural gas available here. WK&T is electric and internet provider.
Jul 15, 2008 Sold
Premium
Sold

Property Highlights

Exterior Details
Lot Features: Cleared, Corner Lot, Level
Lot Size Area: 2.45
Lot Size Units: Acres
Lot Size Acres: 2.45
Lot Size Square Feet: 106722
Water Source: Public
Financial Details
Tax Annual Amount: $1,033
Utilities Details
Sewer : Public Sewer

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 4
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 5
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,139
  • Total Building Area: 1,120
  • Building Area: 1,120
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 12
  • Heating: 20
  • Heated Square Feet: 1,120
  • Heating Fuel Type: 8

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000347
  • Standard Land Use Code: 1999
  • County Land Use Code: F
  • Legal Description 1: 505 N 5TH

Neighborhood

  • School District Name: Murray Independent School District
  • School Tax School District: 01
  • Census Tract: 010700

Geography

  • Account Number: 14216
  • Parcel: 009-0-0005-00006
  • Latitude: 36.5072
  • Longitude: -88.3292

    Address

  • Full Address: 505 5th St
  • Address - House Number: 505
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: KY
  • City Name: Hazel
  • Carrier Code: R017
  • 4-Digit Zip Code: 8808
  • Zip Code: 42049

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $20,705

    Appraisal Valuation

  • Standard Deviation: 0.4173
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 16
  • Final Value: 59,459
  • High Value: 84,275
  • Low Value: 34,642

    Market Valuation

  • Market Total Value: $50,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,000

    Sales

  • Current Sale Contract Date: Jul 07, 2008
  • Current Sale Recording Date: Jul 15, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 523438
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hazel

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

1152 ft²

Average Home Age

10 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Realtracs

Listed by: Neena Salazar, HRE Advisors
Last Updated: 2 days ago
Data Source: Realtracs, MLS# RTC3593268
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 505 5th Street built and last sold?
The property at 505 5th Street was built in and last sold on Jul 7, 2008 for $40,000.
How much is this home worth?
The estimated value of the home located at 505 5th Street is $75,750.
What are some comparable homes to 505 5th Street?
There are currently no comparable homes to 505 5th Street.
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