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    30-Unit Townhome Investment Opportunity
    Updated: Jan 30
    30-Unit Townhome Investment Opportunity

    618 E Waverly St, Morganfield, KY 42437

    Contact for pricing
    24,900 sqft 2.95 AC lot
    High‑yield asset with an attractive entry cap rate of approximately 8.97% and a pro‑forma stabilized cap rate near 9.6%.
    100% occupied with strong in‑place cash flow and a current NOI of approximately $160,527.
    Built‑in rent growth potential by increasing current average rents to estimated market levels.
    Low‑density townhome‑style layout supports long‑term tenant stability and reduced turnover.
    Offered at a basis significantly below estimated replacement cost, creating strong downside protection.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Morganfield, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    11-Unit Apartment Portfolio
    11-Unit Apartment Portfolio

    509 Se 1st St, Evansville, IN 47713

    $895,000
    8,327 sqft

    Three apartment properties are offered together in Evansville’s Historic District with professional management already in place.

    View details
    Henderson Multifamily Turnkey Community
    Henderson Multifamily Turnkey Community

    242 Shenandoah Place, Henderson, KY 42420

    Contact for pricing
    26,700 sqft

    20-unit multifamily property with recent and ongoing capital improvements.

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    Affordable Multifamily Housing Community
    Affordable Multifamily Housing Community

    2718 Zion Road, Henderson, KY 42420

    Contact for pricing
    40,640 sqft

    48-unit affordable community built in 1998 with 2- and 3-bedroom units and in-unit washer/dryer hookups.

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    Brick 14-Unit Apartment Building
    Brick 14-Unit Apartment Building

    1510 SE Riverside Dr, Evansville, IN 47713

    Contact for pricing

    Fourteen-unit brick apartment building with recent updates and a roof installed in 2016.

    View details

    Morganfield, KY Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Morganfield, KY on our real estate platform. These investment opportunities span a total of 24,900 square feet of properties for sale.

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    Demographics Overview

    Population 7,250
    Population Growth (5Y) -15.9%
    Median Household Income $64,464
    College Educated 18.4%

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $30.86 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

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