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    Madisonville, KY
    Multifamily

    Madisonville, KY Multifamily Properties for Sale

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    6 properties
    3-Unit Triplex for Short-Term Rentals
    Updated: Jun 22
    3-Unit Triplex for Short-Term Rentals

    118 S Franklin, Madisonville, KY 42431

    $255,900
    2,946 sqft 0.29 AC lot
    3 established rental units operating as Airbnb properties: Unit 1 (2 bed, 2 bath), Unit 2 (1 bed, 1 bath, office), Unit 3 (2 bed, 1 bath)
    0.29‑acre deep fenced lot with a storage building and outbuildings
    2,946 SF, 2‑story brick triplex built in 1924 with a composition roof
    New roof and gutters in 2025
    All three HVAC units approximately 5 years old
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    This listing looks promising.

    Here's a quick look at some key insights for

    118 S Franklin, Madisonville, KY 42431

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $20K
      Annual

    • Price @ 7% Cap

      $285K
      Above asking

    • Property Type

      Single Family Residence
      Built 1924
    View Property Analytics
    Historic Event & Short-Term Rental Property
    Updated: Jul 27
    Historic Event & Short-Term Rental Property

    231 S Main Street, Madisonville, KY 42431

    $625,000
    4,534 sqft 0.72 AC lot
    Built in 1909, fully operational short‑term rental and event venue in downtown Madisonville
    11 bedrooms, each with a private bath, plus in‑room microwaves and mini‑refrigerators
    Recent upgrades include new roof, updated HVAC systems, and new plumbing & electrical
    ADA accessibility improvements plus a complete third‑floor apartment for an owner or manager
    Sold fully furnished, including antique furniture, linens, and kitchenware
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    Three-Park Mobile Home Portfolio
    Three-Park Mobile Home Portfolio

    Coleman, Madisonville, KY 42431

    $965,000
    1.78 AC lot

    Portfolio spans three separate parks with park-owned homes, rented lots, and additional vacant lots.

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    Short-Term Rental Property Portfolio
    Short-Term Rental Property Portfolio

    219 E Broadway St, Madisonville, KY 42431

    Contact for pricing

    Packaged sale includes 18 furnished short-term rental properties under an established corporate rental operation.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Brick Duplex
    Brick Duplex

    825/827 Independence Dr, Madisonville, KY 42431

    $160,000
    1,500 sqft 0.36 AC lot

    Two residential units with central air, electric ranges, and refrigerators.

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    5-Duplex Portfolio with Brick Construction
    5-Duplex Portfolio with Brick Construction

    Cindy Drive, Madisonville, KY 42431

    $850,000
    812 sqft 2.67 AC lot

    Five 1-story brick duplexes with most units remodeled recently, plus seller plans for individual water meters per duplex.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 6 Active listings in Madisonville, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Rental Lodge Property
    Waterfront Rental Lodge Property

    400 Jeff Clements, Marion, KY 42064

    $559,000
    2,000 sqft 40.00 AC lot

    Turn-key lodge and second home on approximately 40 private acres with a stocked pond, dock with power, and electric garage.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    700 E 7th St, Hopkinsville, KY 42240

    $175,000
    4,310 sqft

    Multifamily property with five separate residential units in an established Hopkinsville location.

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    Turn-Key Short-Term Rental Retreat
    Turn-Key Short-Term Rental Retreat

    400 Jeff Clements Road, Marion, KY 42064

    Contact for pricing
    3,500 sqft

    Two furnished homes and a stocked pond support immediate short-term rental operations.

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    Three-Building Apartment Portfolio
    Three-Building Apartment Portfolio

    333 N Main St, Hopkinsville, KY 42240

    Contact for pricing

    Three apartment buildings offer 30 units across two adjacent addresses with separately metered electric and newer roofing.

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    Off-Market Properties in Madisonville, KY

    Consider similar Off-Market properties in Madisonville, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    165 Scott St
    Multifamily properties

    165 Scott St, Madisonville, KY 42431

    Value Estimation by Request
    40,000 sqft
    View details

    Madisonville, KY Multifamily Properties Market Trends and Statistics

    Explore 7 multifamily properties for sale in Madisonville, KY, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 9,792 square feet of properties for sale, with an estimated market value of $2,855,900.

    Sale prices for multifamily properties in Madisonville, KY start at $160,000, averaging $571,180, and reaching up to $965,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 3
    Duplexes 2
    Mobile home & RV parks 1
    Triplexes 1

    Demographics Overview

    Population 27K
    Population Growth (5Y) +4.0%
    Median Household Income $57,529
    College Educated 28.7%

    High-Yield Neighborhoods for Investment

    Identify Madisonville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    42431 $398.2K

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $16.28 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Hopkins County

    New Delisted

    Total CRE Inventory on Market (SF)

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