12-Unit Apartment
New
For Sale
$419,000
39 49 59 Falcon Motel Street, Phelps, KY 41553
Commercial Sale, Phelps, KY
Property Size4,866 SF
Lot Size1.00 Acre
Price / SF$86.11
Days on Market4
Property Features for 39 49 59 Falcon Motel Street
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school
Phelps
Middle school
Phelps
High school
Phelps
Directions
From US 23 & 119 Intersection at Pikeville Walmart, Follow US-119 N, KY-194 E and KY-632 E to Falcon Motel St in Phelps 42 min (31.8 mi) Continue onto US-119 N 8.2 mi, Take the KY-194 exit toward Bent Br/Phelps 0.9 mi, Slight left toward KY-194 E, 174 ft, Turn left onto KY-194 E 8.7 mi, Continue straight onto KY-632 E 14.0 mi, Turn right onto KY-194 W 213 ft Turn right onto Falcon Motel Street, Signs posted.
Subdivision
Pike
Standard status
Active
Size
4,866 SF
Lot size
1.00 Acre
Building Details
Year built
1945
Floors in Building
2
Listing Agency:
AAA Real Estate Services
(606) 433-9700
Listed By:
Danny Hamilton
(606) 454-6052
Added: Nov 3
Last Checked: Nov 6 at 2:06PM
MLS# 129591
Copyright © 2026 Eastern Kentucky Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Falcon Apartments comprises 12 units in a 4,866-square-foot property built in 1945. The unit mix includes seven two-bedroom apartments and five one-bedroom apartments, providing two distinct residential configurations across the property’s 1 acre.
The apartments are at the junction of State Highways 6332 and 194 in Phelps, Kentucky. Gas stations, convenience stores, and restaurants are within walking distance. Trail access is approximately 1.5 miles away, and a Hatfield-McCoy Trail System trailhead is less than 10 miles from the property.
The apartments are at the junction of State Highways 6332 and 194 in Phelps, Kentucky. Gas stations, convenience stores, and restaurants are within walking distance. Trail access is approximately 1.5 miles away, and a Hatfield-McCoy Trail System trailhead is less than 10 miles from the property.
Key Highlights
- 12 apartments: seven two‑bedroom units and five one‑bedroom units
- 4,866 square feet on 1 acre
- Built in 1945
Property Analytics
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Lease Details
12
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
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Business Placement
Demographics for 41553, KY
2,206
Population
892
Households
2.5
Avg Household Size
48
Median Age
19%
College-Educated
75%
High-School Grad
38.6 sq mi
ZIP Area
57
Density / Sq Mi
$44,250
Median Household Income
$35,895
Median Earnings
$113,900
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Apartment building - A 1-acre property contains a mix of one- and two-bedroom apartments near local services and recreation access.
Where is this apartment building located?
The property is located at 39 49 59 Falcon Motel Street Phelps, KY.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: 12 apartments: seven two‑bedroom units and five one‑bedroom units; 4,866 square feet on 1 acre; Built in 1945
