Buying In Florence, KY
Sell Your Commercial Property In Florence, KY
We are an active buyer of Florence commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Union · Burlington · Erlanger · Hebron — Boone County, KY
Why Florence
Why We Buy Multifamily In Florence
Florence is the Boone County city where renters head 42.5% of households, per ACS 2020-2024 tenure data. Median gross rent in Florence was $1,329, against $967 statewide. Owners who want to sell commercial property in Florence, KY can use this page to see what buyers will underwrite: HUD's FY2027 rents, Boone County's 2025 tax rates, the state deed tax and the landlord statutes Florence follows. Florence also holds 5,949 homes in buildings with five or more units, 60.5% of the Boone County total.
CVG airport cargo hubs
Cincinnati/Northern Kentucky International Airport reported 16,000 badged employees and ranks seventh in North American cargo (August 2025).St. Elizabeth Florence Hospital
St. Elizabeth Healthcare runs its Florence Hospital at 4900 Houston Road, one of six hospitals in its system.Boone County jobs
ACS 2020-2024 shows 63.4% of 16,367 Florence workers work inside Boone County, and 14.8% work outside Kentucky.Our Buy Box
What We Buy In Florence
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Florence Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Florence
Renters head 5,916 of 13,926 Florence households, a 42.5% share in ACS 2020-2024 table B25003. Boone County as a whole sits at 23.7%. Homes in 5+ unit buildings make up 41.0% of Florence's housing, per table B25024. In table B25034, 42.9% of Florence homes were built before 1980, and the median year built is 1985.
Rents and affordability in Florence
Median gross rent in Florence is $1,329 in ACS 2020-2024 table B25064, 37.4% above the Kentucky median of $967. In table B25070, 39.3% of Florence renters spend 30% or more of income on housing. HUD sets FY2027 fair market rents for the Cincinnati, OH-KY-IN HUD Metro FMR Area, effective October 1, 2026.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,052 |
| One bedroom | $1,128 |
| Two bedroom | $1,442 |
| Three bedroom | $1,897 |
| Four bedroom | $2,141 |
Source: HUD fair market rent documentation. Owners preparing to sell commercial property in Florence, KY should expect buyers to underwrite against these HUD figures.
Property taxes in Boone County
Florence commercial real estate in the Boone County school district carries a 2025 combined rate of 115.35 cents per $100. The 2025 Kentucky Property Tax Rate Book lists 10.6 cents state, 16.15 cents countywide, 65.5 cents Boone County schools and 23.1 cents for the City of Florence. On a $2,000,000 assessment, that comes to $23,070 a year, with $13,100 going to schools. The state deed tax under KRS 142.050 is $0.50 per $500, or $2,000, paid by the grantor.
Landlord rules in Florence
Florence is one of 33 cities the 2016 LRC fiscal note lists as having adopted Kentucky's residential landlord-tenant act. Under KRS 383.580, deposits sit in a separate bank account with a signed damage listing. KRS 383.660 allows termination after a 7-day written notice for unpaid rent, and KRS 383.695 sets 30 days' notice for month-to-month tenancies.
Since March 6, 2024, KRS 383.198 bars local landlord-tenant ordinances that conflict with state law. That rule matters to anyone who plans to sell commercial real estate in Florence, KY, since local ordinances cannot conflict with these state rules.
What it means for an owner in Florence
Florence pairs a 42.5% renter share with rents near HUD's two-bedroom figure of $1,442. If you plan to sell commercial property in Florence, KY, model the $23,070 tax bill per $2,000,000 and the $2,000 deed tax first. Run the numbers in our cap rate calculator.
Skyline Capital Investments buys 5+ unit apartment buildings. To sell your apartment building in Florence, see how our direct purchase works.
Good To Know
Pricing Your Building In Florence
More about selling in Kentucky →Investing in Florence? See apartment syndications in Florence →
- Florence holds 60.5% of Boone County's homes in buildings with five or more units.
- For anyone selling commercial property in Florence, the 2025 state real property rate is 10.6 cents per $100.
- Owners who sell commercial real estate in Florence, KY pay the state deed tax of $0.50 per $500.
Seller Guides
Selling In Florence? Common Situations We Handle
Learn More
Taxes & Rules For Florence Property
The Kentucky rules that shape any deal in Florence: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Florence Seller FAQ
What should I know before I sell commercial property in Florence, KY?
Florence renters head 42.5% of households and pay a $1,329 median gross rent, per ACS 2020-2024. Buyers will also model the 115.35-cent 2025 combined tax rate in the Boone County school district and the $0.50 per $500 state deed tax.
How much property tax does a $2 million apartment building in Florence pay?
Using the 2025 Kentucky rate book, a $2,000,000 assessment inside Florence and the Boone County school district owes about $23,070 a year. Schools take $13,100, the City of Florence $4,620, countywide levies $3,230 and the state $2,120.
What does HUD say rents are worth in Florence?
Florence falls in the Cincinnati, OH-KY-IN HUD Metro FMR Area. HUD's FY2027 fair market rents, effective October 1, 2026, are $1,128 for one bedroom, $1,442 for two bedrooms and $1,897 for three bedrooms. HUD publishes one set of figures for the whole Cincinnati metro area.
Can I sell multifamily property in Florence with tenants in place?
Buyers of occupied buildings will review deposit handling under KRS 383.580, which requires a separate bank account and a signed damage listing, plus notice terms such as 30 days for month-to-month tenancies under KRS 383.695.
Is it a good time to sell commercial real estate in Florence, KY?
Two figures stand out: Florence median rent of $1,329 runs 37.4% above the Kentucky median, and 63.4% of Florence workers have jobs inside Boone County. Older stock matters too, since 42.9% of Florence homes predate 1980.
Do I need to fix up my Florence building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Can I sell my Florence apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Is it possible to sell rental property in Florence without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
How fast can I sell my apartment building in Florence?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Have A Property In Florence?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
