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11-Unit Apartment Property
For Sale
$525,000

6708 US Highway 641 N, Gilbertsville, KY 42044

Multi-Family, 1 Story, Gilbertsville, KY

Property SizeContact for details
Days on Market139

Property Features for 6708 US Highway 641 N

General Information

Property type Residential Multi Family
Property subtype Other
Interior features Closet Light(s), Smoke Alarm
Exterior features Circular Drive, Exterior Lights, Gravel Drive, Sidewalks
Lot features County, Highway Frontage
Elementary school Central
Middle school North Marshall
High school Marshall County
Directions From the Ken-Bar Lodge: Travel South on Highway 641. Property on left with circle drive. Gingerwood Lodges sign.
Subdivision Marshall
Standard status Active

Utilities

Heating system Heat Pump (Heating), Electric (Heating)
Cooling system Central Air

Amenities

storage garage

Building Details

Floors in Building 1
Flooring type Carpet, Linoleum
Building materials Concrete, Doublewide
Roof type Shingle
Architectural style Other
Listing Agency: Carter Realty Group, LLC
Listed By: Vince Carter · License #213475
Added: May 1 Changed: Sep 13 Last Checked: Sep 16 at 5:06AM
MLS# 133634

Copyright © 2026 Western Kentucky Regional MLS Inc. 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 tenant-occupied apartment property includes 11 units with layouts ranging from one-bedroom studio apartments to three-bedroom units. The improvements include concrete block structures, a storage garage, ample parking, central air, heat pumps, electric heating, shingle roofs, sidewalks, exterior lighting, and both circular and gravel drives. Interior finishes include linoleum and carpet, with closet lights and smoke alarms in the units.

Set on over 2.5 acres along US Highway 641 N, the property offers two highway access points and road frontage. Lake access, KY Dam Village Park, and interstate access are minutes away. The site is in Gilbertsville, Kentucky, and currently has tenants in place.

Key Highlights

  • 11 units with layouts from one‑bedroom studios to three‑bedroom apartments
  • Over 2.5 acres along US Highway 641 N
  • Two highway access points with road frontage

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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Tenant-occupied apartment property with varied layouts, highway access, and a storage garage.
Where is this apartment building located?
The property is located at 6708 US Highway 641 N 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 units with layouts from one‑bedroom studios to three‑bedroom apartments; Over 2.5 acres along US Highway 641 N; Two highway access points with road frontage
More about this property
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