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    157 Lakeshore Dr Eddyville, KY 42038

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    Claim this Listing
    New
    For Sale
    $750,000

    2 Story,Cabin,Multi-Level, Triplex - Eddyville, KY

    Type:Triplex
    Added:
    Apr 18, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 21 at 3:06 pm

    Property Features for 157 Lakeshore Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Rooms
    Dining Room, Kitchen
    Parking features
    Workshop
    Window features
    Skylight(s)
    Interior features
    Double Vanity, Separate Shower, Tub Shower, Closet Light(s), Ceiling Fan(s), Skylight, Washer/Dryer Hookup, Workshop, Circuit Breakers
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Refrigerator, Washer, Washer/Dryer Combo
    Standard status
    Active

    Utilities

    Heating system
    Fireplace(s), Forced Air, Natural Gas
    Cooling system
    Central Air, Other (Cooling)

    Building Details

    Floors in Building
    2
    Flooring type
    Carpet, Linoleum, Tile, Vinyl
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Crystal McCoy

    Listing agent Crystal McCoy License #265680

    Listing office Keller Williams Experience Realty Paducah Branch 3420 Park Avenue, Murray, KY

    Listing date Apr 18, 2026

    MLS# 136544 Listing URL

    Copyright © 2026 Western Kentucky Regional MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Barkley Triplex Investment Opportunity

    This spacious property on Lake Barkley, known as the “Sunset House”, presents an investment and lifestyle opportunity. It has a proven short-term rental history and offers comfortable full-time living. The layout features three separate living quarters, each with bedrooms and bathrooms, making it ideal for hosting guests or multi-generational living. The upper level includes a second kitchen setup with a commercial refrigerator, suitable for entertaining larger groups. Additional features include a hidden pantry and tankless hot water heaters for high occupancy use. Above the garage, a detached rustic cabin-style space provides further versatility, suitable for guest overflow, a private retreat, an office, or additional rental income. The property is located in Eddyville, Kentucky.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eddyville
    County
    Lyon
    State
    Kentucky
    Longitude
    -88.0159
    Latitude
    37.0504

    Nearby Similar for Sale

    • $950,000

      Newer Retail Building in Eddyville

      Newer construction commercial building with retail potential in Eddyville, KY.
      220 Hwy 62 W, Eddyville, KY 42038
      View Details
    • $329,900

      Campground Near Lake Barkley

      26.22-acre campground with income potential near Lake Barkley.
      620 Perry Springs Road, Eddyville, KY 42038
      View Details
    • $2,300,000

      Event Center Near Barkley Lake

      Event center with restaurant, bar, and wine-making operation.
      2967 State RTE 93 S, Eddyville, KY 42078
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      Eddyville Commercial Property on Highway

      Large commercial building on 1.39 acres with highway frontage.
      568 US HWY 62 E, Eddyville, KY 42038
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex with short-term rental history and lake views.
    Where is this triplex located?
    The property is located at 157 Lakeshore Dr Eddyville, KY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Lake Barkley waterfront property with **stunning sunset views** and a proven short‑term rental history.; Three separate living quarters with bedrooms and bathrooms on each level, suitable for guests or multi‑generational living.; Detached rustic cabin above the garage provides versatile space for guests, a private retreat, office, or additional rental income.
    (270) 753-1492
    We can help!
    Listing Contact
    Crystal McCoy
    Real Estate License ID: 265680
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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