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11-Unit Apartment Property
For Sale
$500,000

6708 Us-641, Gilbertsville, KY 42044

Concrete-block apartment buildings offer multiple access points, parking, and a storage garage.

Property Size9,000 SF
Price / SF$55.56
Days on Market100

Property Features for 6708 Us-641

General Information

Standard status Active
Size 9,000 SF
Property subtype Commercial

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 11

Amenities

storage garage

Building Details

Year Built 1965
Construction concrete block
Listing Agency: Carter Realty Group
Listed By: Vince Carter · License #213475
Source: Centralkyhomesforsale
Added: Jul 9 Changed: Oct 4 Last Checked: Oct 14 at 11:28PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carter Realty Group

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Investment Insights

Based on property information with market context.

This 11-unit apartment property includes approximately 9,000 square feet across concrete-block structures on more than 2.5 acres. The unit mix ranges from three-bedroom apartments to one-bedroom studio apartments. Existing tenants occupy the units, and the property includes a storage garage along with multiple parking areas.

Located at 6708 US-641 in Gilbertsville, the property has two highway access points and road frontage. Lake access, KY Dam Village Park, and interstate access are minutes away. The site’s location and configuration also support consideration of lake-area Airbnb use, as identified in the property information.

Key Highlights

  • 11 apartment units on over 2.5 acres
  • Approximately 9,000 square feet in concrete‑block structures
  • Unit mix ranges from 3‑bedroom apartments 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

Frequently Asked Questions

What type of property is this?
Apartment building - Concrete-block apartment buildings offer multiple access points, parking, and a storage garage.
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 $500,000.
What are key features of this property?
This property features: 11 apartment units on over 2.5 acres; Approximately 9,000 square feet in concrete‑block structures; Unit mix ranges from 3‑bedroom apartments to 1‑bedroom studio apartments
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