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    Morganfield, KY
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    Morganfield, KY Apartment Buildings for Sale

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    Sturgis, KY Corydon, KY Shawneetown, IL
    30-Unit Townhome Investment Opportunity
    Updated: Jan 30
    30-Unit Townhome Investment Opportunity

    618 E Waverly St, Morganfield, KY 42437

    $1,795,000
    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 Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    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.

    Italianate Multifamily Building
    Italianate Multifamily Building

    702-704 SE Second Street, Evansville, IN 47713

    $568,000
    6,794 sqft · 0.24 AC lot

    Offers four apartments plus a carriage house over a two-car garage, with a new roof installed in 2025.

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    1 Story, Five Or More - Calvert City, KY
    1 Story, Five Or More - Calvert City, KY

    620 South Main St, Calvert City, KY 42029

    $959,900

    Eight-unit multifamily property with high occupancy and rental upside.

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    Downtown Evansville Apartment Building
    Downtown Evansville Apartment Building

    1 Adams Ave, Evansville, IN 47713

    $185,000
    3,553 sqft

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

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    I-24/I-69 Frontage Land Opportunity
    I-24/I-69 Frontage Land Opportunity

    957 Truck Plaza Ln, Calvert City, KY 42029

    $1,999,999
    119.88 AC lot

    Prime 119.88-acre land with I-24/I-69 frontage.

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    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
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

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

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

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

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

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

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    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft · 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

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    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, 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%

    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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