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    Madisonville, KY
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    Madisonville, KY Multifamily Properties for Sale

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    Fully Furnished Triplex Opportunity
    Updated: Jun 22
    Fully Furnished Triplex Opportunity

    118 S Franklin, Madisonville, KY 42431

    $255,900
    2,946 sqft · 0.29 AC lot
    3‑unit multi‑family property on S. Franklin Street in Madisonville, with units currently operating as Airbnb properties
    Unit mix: Unit 1 (2 bed/2 bath), Unit 2 (1 bed/1 bath plus office), Unit 3 (2 bed/1 bath)
    Each unit includes living room, kitchen, and laundry areas, and comes fully furnished (linens and kitchenware included)
    Deep fenced lot with a storage building/outbuilding for additional space
    Major updates: new roof and gutters in 2025
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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
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    Duplex with Mixed Lease Terms
    Updated: Jan 15
    Duplex with Mixed Lease Terms

    825/827 Independence Dr, Madisonville, KY 42431

    $185,000
    1,500 sqft · 0.36 AC lot
    Two units with current leases: one at $500 and one at $775
    Lease terms: one unit month‑to‑month; the other has a year lease signed 9/30/25
    1‑story brick construction with a metal roof, built in 1977
    Central air conditioning (electric) with mini‑blinds
    Appliances include an electric range and refrigerator
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    Duplex Multi-Unit Portfolio
    Duplex Multi-Unit Portfolio

    Cindy Drive, Madisonville, KY 42431

    $850,000
    812 sqft · 2.67 AC lot

    Five duplexes generate current income with owner-paid water, with metering planned for each unit upon an acceptable offer.

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    Permitted Trailer Park Site
    Permitted Trailer Park Site

    50 Floyd St, Madisonville, KY 42431

    $75,000
    4,000 sqft · 0.50 AC lot

    Approved for eight mobile home spaces with existing infrastructure on a small parcel within Madisonville city limits.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Historic Quadruplex with Shared Laundry
    Historic Quadruplex with Shared Laundry

    1903 S Main Street, Hopkinsville, KY 42240

    $319,000
    5,024 sqft · 0.27 AC lot

    Quadruplex features four 1-bedroom, 1-bath units plus a shared laundry facility and upstairs common area.

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    Historic Quadruplex with Shared Laundry
    Historic Quadruplex with Shared Laundry

    1903 S Main Street, Hopkinsville, KY 42240

    $319,000
    5,024 sqft · 0.20 AC lot

    Four one-bedroom, one-bath units with shared laundry and an upstairs common area in a historic district.

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    Mobile Home Park Opportunity
    Mobile Home Park Opportunity

    619 Sandy Ln, Morganfield, KY 42437

    $374,900
    0.73 AC lot

    Mobile home park with expansion potential in Morganfield, Kentucky.

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    30-Unit Townhome Investment Opportunity
    30-Unit Townhome Investment Opportunity

    618 E Waverly St, Morganfield, KY 42437

    $1,795,000
    24,900 sqft · 2.95 AC lot

    Stabilized asset with rent growth potential in Morganfield, KY.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Wooded Residential Lots in Driftwood Estates
    Wooded Residential Lots in Driftwood Estates

    Driftwood Estates Lot 99, 101, 102, 139, Eddyville, KY 42038

    $40,000
    2.00 AC lot

    Four wooded half-acre lots in Driftwood Estates, offering a flexible setting for camper, mobile home, or home construction.

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    Lake Proximity Residential Acreage
    Lake Proximity Residential Acreage

    Edgar Drive lot: 95 & 96, Cadiz, KY 42211

    Contact for pricing
    1.00 AC lot

    One-acre residential lot near Lake Barkley in Cadiz, Kentucky.

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    Grand Rivers Land Opportunity
    Grand Rivers Land Opportunity

    L 41 & 42 Rolling Meadows Rd lot: 41 & 42, Grand Rivers, KY 42045

    Contact for pricing
    2.84 AC lot

    2.84 acres near I-24 and lakes in Grand Rivers.

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    Marshall County Land For Sale
    Marshall County Land For Sale

    266 Lone Valley Road, Gilbertsville, KY 42044

    Contact for pricing
    0.47 AC lot

    0.47 acre lot near KY and Barkley Lakes.

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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 5 multifamily properties for sale in Madisonville, KY, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 9,258 square feet of properties for sale, with an estimated market value of $1,365,900.

    Sale prices for multifamily properties in Madisonville, KY start at $75,000, averaging $341,475, and reaching up to $850,000 — 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

    Duplexes 2
    Apartment buildings 1
    Mobile home & RV parks 1
    Short term rental properties 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 $341.5K

    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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