Four-Unit Residential Income
For Sale
$229,500
623 N 20th Street, Middlesboro, KY 40965
MULTI_FAMILY - Middlesboro, KY
Property Size2,700 SF
Lot Size0.36 Acres
Price / SF$85
Days on Market84
Property Features for 623 N 20th Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R-1
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 6, Bathroom 5, Bathroom 4, Bedroom 1, Laundry Room, Bathroom 3, Bathroom 6, Bedroom 4, Bathroom 2
Subdivision
City Limits
High school
Middlesboro Ind
Elementary school district
Bell County - 87
Middle school district
Bell County - 87
High school district
Bell County - 87
Directions
Cumberland Avenue to 19thd street then left on north 20th street and the four plex will be right in front of you.
Standard status
Active
APN
069-34-06-021.00
Size
2,700 SF
Lot size
0.36 Acres
Utilities
Heating system
Forced Air, Heat Pump (Heating), Space Heater
Cooling system
Wall Unit(s), Ceiling Fan(s), Central Air
Building Details
Year built
1946
Floors in Building
1
Number of units
4
Roof type
Composition
Listing Agency:
Continental Real Estate Group
(877) 996-5728
Listed By:
Derek Eisenberg · License #RM062792A
(877) 996-5728
Added: Jun 8
Changed: Aug 4
Last Checked: Aug 30 at 11:06AM
MLS# 26013646
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Four-unit residential income property on N 20th Street in Middlesboro, KY, zoned R-1 on a 0.355-acre lot. The property totals 2,700 square feet and was built in 1946. The four units are currently fully occupied and are supported by a heating and cooling setup that includes forced air and heat pump heating, with central air plus wall units and ceiling fans, under a composition roof.
The unit configuration includes a main multi-family building with one 2-bedroom unit and two 1-bedroom units, plus a detached standalone manufactured home with two bedrooms and two bathrooms. The property is described as having historically maintained units with newer appliances and numerous updates over the years, supporting steady in-place occupancy.
Current performance is presented in the materials as approximately a 9% cap rate, with the owner emphasizing cash-flow focus and live-in flexibility by occupying one unit while renting the other three.
The unit configuration includes a main multi-family building with one 2-bedroom unit and two 1-bedroom units, plus a detached standalone manufactured home with two bedrooms and two bathrooms. The property is described as having historically maintained units with newer appliances and numerous updates over the years, supporting steady in-place occupancy.
Current performance is presented in the materials as approximately a 9% cap rate, with the owner emphasizing cash-flow focus and live-in flexibility by occupying one unit while renting the other three.
Key Highlights
- 0.355‑acre lot zoned R‑1
- Built in 1946 with composition roof
- Four fully occupied units
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 40965, KY
12,477
Population
6,047
Households
2.1
Avg Household Size
41
Median Age
15%
College-Educated
81%
High-School Grad
86.3 sq mi
ZIP Area
145
Density / Sq Mi
$30,980
Median Household Income
$25,975
Median Earnings
$664
Median Rent
$84,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four fully occupied units zoned R-1 in Middlesboro, with forced-air heating and central air cooling.
Where is this quadplex located?
The property is located at 623 N 20th Street Middlesboro, KY.
What is the asking price?
The asking price for this property is $229,500.
What are key features of this property?
This property features: 0.355‑acre lot zoned R‑1; Built in 1946 with composition roof; Four fully occupied units
