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Apartment Building With 11 Units
For Sale
$525,000

6708 US-641, Gilbertsville, KY 42044

Commercial Sale, Gilbertsville, KY

Property Size9,000 SF
Lot Size2.55 Acres
Price / SF$58.33
Days on Market379

Property Features for 6708 US-641

General Information

Property type Commercial Sale
Property subtype Other
Directions From the Ken-Bar Lodge: Travel South onHighway 641. Property on left with circledrive. Gingerwood Lodges sign.
Subdivision 115 - Marshall County
Standard status Active
APN 53-00-00-149
Size 9,000 SF
Lot size 2.55 Acres

Amenities

storage garage

Building Details

Year built 1965
Floors in Building 1
Building materials Brick
Listing Agency: Carter Realty Group
Listed By: Vince Carter · License #213475
Added: Sep 3, 2025 Changed: Sep 8 Last Checked: Sep 16 at 7:06AM
MLS# 26017133

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.

This 9,000-square-foot apartment property includes 11 units across brick structures built in 1965. Unit layouts range from three-bedroom residences to one-bedroom studio apartments, providing a varied configuration within the same property. Current tenants are in place, and the improvements include a storage garage and on-site parking areas.

Located at 6708 US-641 in Gilbertsville, the property occupies 2.55 acres with two highway access points and road frontage. Lake access, KY Dam Village Park, and interstate access are minutes away, adding proximity to recreational and regional transportation destinations.

Key Highlights

  • 11‑unit apartment property totaling 9,000 square feet
  • 2.55‑acre multifamily property at 6708 US‑641
  • Unit layouts range from 3 bedrooms to 1 bedroom studio apartments

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Nail Salon Computer & Electronic Repair Storage Facility Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

25
Businesses Nearby

Demographics for 42044, KY

3,394
Population
2,371
Households
1.4
Avg Household Size
52
Median Age
16%
College-Educated
92%
High-School Grad
23.6 sq mi
ZIP Area
144
Density / Sq Mi
$59,432
Median Household Income
$36,489
Median Earnings
$674
Median Rent
$237,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick multifamily property with varied unit layouts, current tenants, highway access, and on-site storage.
Where is this apartment building located?
The property is located at 6708 US-641 Gilbertsville, KY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 11‑unit apartment property totaling 9,000 square feet; 2.55‑acre multifamily property at 6708 US‑641; Unit layouts range from 3 bedrooms to 1 bedroom studio apartments
More about this property
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