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For sale
  • Price cut: $25K (5/11)
    $4,874,000

    265 Walnut Creek Dr, Bowling Green, KY 42101

    --beds
    --baths
    --sqft
    : 
    $32,351/mo
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    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Prime RM-4 zoned land approved for multi-family development — all permits and entitlements in place with full site and architectural plans available. Break ground immediately on 392 apartment units, and take advantage of owner financing options available with qualifying terms! This site is positioned for success in Bowling Green, Kentucky’s third-most populous city, strategically located off Interstate 165 with convenient access to I-65 — making the area highly desirable for residents and commuters alike. Bowling Green lies approximately 60 miles north of Nashville and 110 miles south of Louisville, offering regional connectivity that attracts both residents and employers. Additionally, it’s minutes from Western Kentucky University (WKU) — a major regional employment and education hub with over 16,000 students and staff. The city has grown significantly over the past decade, with continued estimates showing population increases — reflecting a robust, expanding market for housing. Recent estimates place Bowling Green’s population near ~79,000 (2024) and Warren County’s around ~147,900, underscoring ongoing residential growth in the metro area. The area is also recognized for its economic momentum — Bowling Green and Warren County were ranked #1 nationally among metros under 200,000 in economic development performance, highlighting strength in attracting investment and jobs. Bowling Green’s combination of population growth, higher education presence, manufacturing and distribution employment, and excellent connectivity make this an outstanding site for a thriving residential community. Don’t miss this rare shovel ready opportunity to deliver quality multi-family housing in one of Kentucky’s most dynamic markets.
    172 days
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    42
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    Zillow last checked:

    Listing updated:

    Listed by:

    Lee L Ervin 270-305-6539,

    Keller Williams First Choice R

    Source: RASK,MLS#: RA20260728MLS Logo

      Facts & features

      Property

      Parking
      • Parking features: Open
      • Has uncovered spaces: Yes
      Features
      • Fencing: Plank Fence,Woven Wire
      Lot
      • Size: 18.47 Acres
      • Features: Exterior Lighting, Mature Trees, Subdivided, County, Partially Wooded
      • Topography: Level
      Details
      • Additional structures: Barn(s)
      • Parcel number: 027A01

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family

      Utilities & green energy

      • Electric: Available-Near Property
      • Sewer: City, Other
      • Water: City, None
      • Utilities for property: Sewer Available

      Community & HOA

      Community
      • Subdivision: N/A
      Location
      • Region: Bowling Green

      Financial & listing details

      • Price range: $4.9M - $4.9M
      • Date on market: 2/9/2026
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,303/mo

        Price history

        DateEventPrice
        5/11/2026Price change$4,874,000-0.5%
        Source: RASK #RA20260728 Report a problem
        3/26/2026Price change$4,899,000-2%
        Source: RASK #RA20260728 Report a problem
        2/10/2026Listed for sale$4,999,000+299.9%
        Source: RASK #RA20260728 Report a problem
        10/4/2021Listing removed--
        Source: RASK #20172977 Report a problem
        6/5/2018Listed for sale$1,250,000
        Source: RASK #20172977 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 42101

        Getting around

        14 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Warren
        • Middle: Henry F Moss
        • High: Warren Central

        Source: RASK. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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