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    98X3 Highway 1611 Russell Springs, KY 42642

    For Sale
    $649,900

    MULTI_FAMILY - Russell Springs, KY

    Property size:
    4,800 SF
    Lot size:
    0.30 Acres
    Days on Market:
    82
    Last Refresh:
    Dec 6 at 11:06 pm

    Property Features for 98X3 Highway 1611

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 6, Bathroom 7, Bedroom 8, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 11, Bathroom 9, Bathroom 4, Bedroom 12, Bathroom 8, Bedroom 7, Bathroom 5, Bedroom 1, Bedroom 10, Bedroom 2, Bedroom 4, Bedroom 9, Bedroom 6
    Bedrooms
    12
    Bathrooms
    9
    APN
    070-00-00-018.03, 070-00-00-018.06, 070-00-00-018.
    Parking
    10
    Size
    4,800 SF
    Lot size
    0.30 Acres

    Utilities

    Utilities
    Propane
    Heating system
    Heat Pump (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    2024
    Number of units
    3
    Roof type
    Shingle

    CENTURY 21 Advantage Realty, A Robinson Co 4511021

    Listing agent Bradley Bigelow (606) 451-1021

    Listing date Sep 16, 2025

    MLS# 25012973 Listing URL

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Multifamily Homes Near Lake Cumberland

    This property presents an opportunity for vacation rental investors, featuring three new homes located near Lake Cumberland Marina and restaurants in Eli, Kentucky. The location provides convenient access to multiple boat ramps. Each home includes 4 bedrooms and 3 bathrooms within a 1,600-square-foot layout. The property size totals 4,800 square feet on a 0.3-acre lot. One of the units comes furnished. The property is located in Russell Springs, KY 42642. The absence of a Homeowners Association offers additional flexibility. The homes are suitable for seasonal rentals, with potential weekly income per unit.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Hotel & Motel Food Market Storage Facility Grocery Store Pet Store Italian Restaurant Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Russell Springs
    County
    Russell
    State
    Kentucky
    Longitude
    -84.959289
    Latitude
    37.030982

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    FAQs

    What type of property is this?
    Single family property - Three new homes near Lake Cumberland, ideal for vacation rentals.
    Where is this single family property located?
    The property is located at 98X3 Highway 1611 Russell Springs, KY.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - High Income Potential: Three homes can generate approximately $117,000 per season as vacation rentals.; - Prime Location: Close proximity to Lake Cumberland Marina and restaurants.; - New Construction: Built in 2024, offering modern amenities and minimal maintenance.
    (606) 451-1021
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    Realmo Value Estimation

    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.

    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.

    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
    98X3 Highway 1611 Russell Springs, KY 42642
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