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    Morganfield, KY Apartment Buildings for Sale

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    Waverly, KY Sturgis, KY Shawneetown, IL
    30-Unit Townhome Investment Opportunity
    $1,795,000
    24,900 SF

    30-Unit Townhome Investment Opportunity

    618 E Waverly St, Morganfield, KY 42437

    Stabilized asset with rent growth potential in Morganfield, KY.

    • 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.
    Updated: Jan 30
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Morganfield, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Madisonville Commercial Opportunity on Two Acres
    $579,000
    21,800 SF

    Madisonville Commercial Opportunity on Two Acres

    Two-acre property ideal for residential or professional use.

    123 Waddill, Madisonville, KY 42431
    View details
    Versatile Madisonville Property: Development Potential
    $579,000
    21,800 SF

    Versatile Madisonville Property: Development Potential

    Two-acre property suitable for residential, office, or apartments.

    123 Waddill, Madisonville, KY 42431
    View details
    Updated Victorian Multifamily Investment Property
    $585,000
    6,794 SF

    Updated Victorian Multifamily Investment Property

    Updated Victorian property with income potential in Evansville's Arts District.

    702-704 SE Second Street, Evansville, IN 47713
    View details
    Downtown Evansville Apartment Building
    $185,000
    3,553 SF

    Downtown Evansville Apartment Building

    Five-unit apartment building in downtown Evansville, fully occupied.

    1 Adams Ave, Evansville, IN 47713
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    $2,850,000
    29.20 Acres

    Prime Development Land, Springfield MO

    29.2 acres of retail-zoned land for mixed-use development.

    N West Bypass, Springfield, MO 65802
    View details
    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres

    Asheville Development Opportunity: 5.94 Acres

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    215 N Bear Creek Road, Asheville, NC 28806
    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres

    Greenville Development Opportunity: 1.33 Acres

    1.33 acre parcel suitable for multi-family development near downtown.

    71 Salters Road, Greenville, SC 29607
    View details
    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres

    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215
    View details

    Morganfield, KY Apartment Buildings Investment Opportunities Market Analysis

    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, with an estimated market value of $1,795,000.

    Sale prices for two-family homes in Morganfield, KY start at $1,795,000, averaging $1,795,000, and reaching up to $1,795,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

    Identify Morganfield submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    42437 $1.8M

    Taxes & Financing

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

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