Multifamily Income Property with
For Sale
$525,000
6708 US-641, Gilbertsville, KY 42044
COMMERCIAL - Gilbertsville, KY
Property Size9,000 SF
Lot Size2.55 Acres
Price / SF$58.33
Days on Market356
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
Building Details
Year built
1965
Floors in Building
1
Building materials
Brick
Listing Agency:
Carter Realty Group
(270) 908-0020
Listed By:
Vince Carter · License #213475
(270) 908-0020
Added: Sep 3, 2025
Changed: Aug 4
Last Checked: Aug 24 at 9:06AM
MLS# 26017133
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Investment Insights
Based on property information with market context.
This income-producing multifamily property offers 11 residential units within concrete block structures. Unit sizes vary from 1-bedroom studio apartments to 3-bedroom layouts. The property also includes a storage garage and multiple parking options to support day-to-day tenant needs.
The site spans over 2.5 acres and provides two separate access points off the highway, along with ample road frontage and high visibility. The location is described as minutes from lake access, KY Dam Village Park, and interstate access.
Please note the property is currently tenant-occupied, and the listing highlights potential for additional short-term rental use in the lake area. For buyers seeking a straightforward cash-flow asset with existing units and on-site storage, this configuration may be worth reviewing.
The site spans over 2.5 acres and provides two separate access points off the highway, along with ample road frontage and high visibility. The location is described as minutes from lake access, KY Dam Village Park, and interstate access.
Please note the property is currently tenant-occupied, and the listing highlights potential for additional short-term rental use in the lake area. For buyers seeking a straightforward cash-flow asset with existing units and on-site storage, this configuration may be worth reviewing.
Key Highlights
- Income‑producing property with 11 units on over 2.5 acres
- Two highway accesses with ample road frontage and high visibility
- Building constructed with brick and includes concrete block structures
Property Analytics
Property Profile
Current Use
Lease Details
11
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with 11 units and a storage garage, on over 2.5 acres with ample parking and two highway accesses.
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: Income‑producing property with 11 units on over 2.5 acres; Two highway accesses with ample road frontage and high visibility; Building constructed with brick and includes concrete block structures
