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Remodeled 7-Unit Apartment Building
For Sale
$650,000

6804 US HWY 641, Gilbertsville, KY 42044

Multi-Family, 1 Story, Gilbertsville, KY

Property SizeContact for details
Days on Market181

Property Features for 6804 US HWY 641

General Information

Property type Residential Multi Family
Property subtype Other
Lot features County
Elementary school Central
Middle school North Marshall
High school Marshall County
Directions From the intersection of HWY 68/80 and HWY 641 in Draffenville, travel north on HWY 641. Property on the right at the corner of HWY 641 and Riviera Road.
Subdivision Marshall
Standard status Active

Utilities

Heating system Electric (Heating)
Cooling system Central Air
Water source Public

Building Details

Floors in Building 1
Building materials Concrete Block
Roof type Metal
Architectural style Other
Listing Agency: Kopperud Realty
Listed By: Gale Broach Sharp · License #211656
Added: Mar 13 Changed: Aug 19 Last Checked: Sep 9 at 1:06PM
MLS# 135396

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 remodeled apartment property at 6804 US HWY 641 includes seven apartments operating on a month-to-month rental basis, along with six RV sites. The improvements also include office space and a storage building. Construction is concrete block with a metal roof, central air, electric heat, and public water service.

The property is in Gilbertsville, between Draffenville and Gilbertsville, and less than one mile from Kentucky Lake. A TVA public boat ramp with two courtesy docks is within minutes of the property. The combination of apartment units, RV sites, and supporting office and storage areas provides a varied existing configuration.

Key Highlights

  • Seven apartments currently rented month to month
  • Six RV sites included with the property
  • Additional office space and storage building

Property Analytics

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Current Use

Mobile home & RV ...

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

7
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

23
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
View Realmo Analytics

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 - Includes six RV sites, office space, and a separate storage building.
Where is this apartment building located?
The property is located at 6804 US HWY 641 Gilbertsville, KY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Seven apartments currently rented month to month; Six RV sites included with the property; Additional office space and storage building
More about this property
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