$229,500
 $1,232 est/mo Sourced by Back At You

623 N 20th Street,Middlesboro, KY 40965

Middlesboro, KY 40965

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Description

Excellent investment opportunity with a strong ~9% cap rate at asking price! This unique 4-unit property offers incredible versatility-perfect as a pure cash-flowing asset or an ideal opportunity to live in one unit while renting out the other three. The property consists of four fully occupied units: a main multi-family building featuring one 2-bedroom unit and two 1-bedroom units, plus a detached, standalone 2-bedroom, 2-bathroom manufactured home. All units have been historically well-maintained, feature newer appliances, and have received numerous updates and improvements over the years. Currently rented at stable, conservative rates, this property offers an immediate return on investment with substantial upside potential to increase rents to market value. A formidable long term opportunity.

Details

MLS #26013646
Listing TypeFor Sale
StyleFourplex
Sub-TypeResale
StatusActive
Year1946
Days On Site113
Listing Provided ByContinental Real Estate Group | Derek Eisenberg

Features

Bed(s)6
Bath(s) 6 Total
SQ Feet2,700
Units4
Building(s)2
ZoningR-1
Acreage0.36

Interior

CoolingCeiling Fan(s), Central Air, Wall Unit(s)
HeatingForced Air, Heat Pump, Space Heater
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofComposition

Parking

Attached Garage Yes / NoNo
Parking FeaturesOn Site

Utilities

UtilitiesCable Connected, Electricity Connected

Area Information

StateKY
CountyBell
CityMiddlesboro
Zip Code40965
Area087 Bell County
SubareaBell County
Community NameCity Limits
School DistrictBell County
High SchoolMiddlesboro Ind
Listing VS Median (in City Limits)
Price:
$229,500
low | high
Med:
$227,000
51.089324618736% of Average
sqft:
2,700
low | high
Med:
3,195
31.666666666667% of Average
$ / sqft:
$85
low | high
Med:
$71
66.413513762312% of Average
On site:
113
low | high
Med:
116
97.413793103448% of Average
Sourced by Back At You

Market Activity 40965

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Contact

Learn More About This Property

Brian Croft

Brian Croft

Elite Realty

 (270) 564-3636croftconstructioninc@gmail.com
StateKY
CountyBell
CityMiddlesboro
Zip Code40965
Area087 Bell County
SubareaBell County
Community NameCity Limits
School DistrictBell County
High SchoolMiddlesboro Ind
Listing VS Median (in City Limits)
Price:
$229,500
low | high
Med:
$227,000
51.089324618736% of Average
sqft:
2,700
low | high
Med:
3,195
31.666666666667% of Average
$ / sqft:
$85
low | high
Med:
$71
66.413513762312% of Average
On site:
113
low | high
Med:
116
97.413793103448% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $172K - $286K
sqft: 2,000 - 3,000
Nearby Listings Property ImageNearby Listings Details
116 Edgewood Road Property Photo 1
$200,000
116 Edgewood Road
Middlesboro, KY 40965
515 Englewood Road Property Photo 1
$279,000
515 Englewood Road
Middlesboro, KY 40965
Listing Updated: September 29, 2026 at 3:31:52 AM PDT

Brian Croft - Elite Realty