Search
Multifamily Property with 11 Units
For Sale
$525,000

6708 US Highway 641 N, Gilbertsville, KY 42044

MULTI_FAMILY - Gilbertsville, KY

Days on Market93

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

Building Details

Floors in Building 1
Flooring type Linoleum, Carpet
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: Jul 28 Last Checked: Aug 1 at 10:06AM
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 multifamily property offers 11 units in concrete block structures, with unit sizes ranging from 1-bedroom studio apartments to 3-bedroom layouts. The property includes a storage garage and on-site parking options to support day-to-day tenant needs.

Located at 6708 US Highway 641 N in Gilbertsville, Kentucky (Marshall County), the property features extremely high visibility and two accesses off the highway with ample road frontage. Public remarks note it is minutes from lake access and KY Dam Village Park, and also provides convenient interstate access.

The property is currently tenant-occupied. It is offered for sale at a new listed price, with the configuration and access designed to support consistent residential income.

Key Highlights

  • Income‑producing property with 11 units on over 2.5 acres
  • Concrete block doublewide construction with a shingle roof
  • Units feature central air cooling and heating options including electric heat and a heat pump

Property Analytics

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
Multi-tenant
Tenancy
Turnkey business
Opportunity
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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Income-producing multifamily with 11 units, concrete block construction, and two highway accesses plus 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: Income‑producing property with 11 units on over 2.5 acres; Concrete block doublewide construction with a shingle roof; Units feature central air cooling and heating options including electric heat and a heat pump
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message