Residential Income

Central City, KY Residential Income Properties for Sale

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Powderly, KY Greenville, KY Beech Creek, KY Drakesboro, KY Bremen, KY Beaver Dam, KY Graham, KY Beechmont, KY
27-Unit Apartment Building
Updated: Mar 17, 2025
27-Unit Apartment Building

1213 W Reservoir Avenue, Central City, KY 42330

$1,200,000
1.90 AC lot
27 units on approximately 1.9 acres
Renovated approximately 6 years ago
100% occupied with consistent rental history
Majority of PTAC heat/air units replaced
On‑site coin laundry
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Mixed-Use Property with Residential Units
Updated: Apr 7
Mixed-Use Property with Residential Units

615 S 2nd Street, Central City, KY 42330

$350,000
3,000 sqft 1.87 AC lot
1.87 +/- acre property with a 3,000± square foot building
Built in 2017
Front commercial area measures 1,200± square feet, with a 27' × 24' open room
Two residences: one 3‑bedroom, 3‑bath unit and one 2‑bedroom, 1‑bath unit
Each residence includes a full kitchen and utility space
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27-Unit Apartment Building
27-Unit Apartment Building

1213 W Reservoir Avenue, Central City, KY 42330

$1,200,000
17,000 sqft

Renovated multifamily property with coin-operated laundry and updated PTAC systems serving a fully occupied apartment community.

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Triplex with Separate Utility Meters
Triplex with Separate Utility Meters

330 N 4th Street, Central City, KY 42330

$170,000

Two residences are occupied, and each home has its own meter and washer and dryer.

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27-Unit Apartment Building
27-Unit Apartment Building

1213 W Reservoir Avenue #1215 and 1217, Central City, KY 42330

$1,200,000
1.90 AC lot

On-site coin laundry serves residents, and tenants are responsible for electric service.

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5 active listings match your search: Residential Income for sale in Central City, KY. Based on your search, we've also compiled 12 Potential Opportunities for your consideration: 4 properties in nearby cities, 4 off-market properties to explore as potential leads, and 4 land listings with development potential.

Opportunities in Nearby Cities

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

Historic Short-Term Rental Property
Historic Short-Term Rental Property

231 S Main Street, Madisonville, KY 42431

$625,000
4,534 sqft 0.72 AC lot

Downtown lodging and event property with guest accommodations, common gathering areas, and a manager’s apartment.

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Furnished Triplex With Updated Interiors
Furnished Triplex With Updated Interiors

118 S Franklin, Madisonville, KY 42431

$255,900
2,946 sqft 0.29 AC lot

Three furnished rental units include kitchens, laundry areas, and varied bedroom configurations.

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Wooded Hunting Tract with Modular Home
Wooded Hunting Tract with Modular Home

Saint Charles, KY 42453

$925,000
171.19 AC lot

A largely wooded hunting property with timber, ponds, trails, and a move-in ready modular home.

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Land, St. Charles, KY
Land, St. Charles, KY

Saint Charles, KY 42453

$450,000
52.57 AC lot

Hunting land · 52.57 Acres

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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.

Industrial Property with Multiple Buildings
Industrial Property with Multiple Buildings

242 Beech Creek Road, Beech Creek, KY 42321

$299,000
6.12 AC lot

Steel-framed improvements include insulated work buildings, three-phase power, and a vehicle service pit.

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Residential Land in Madisonville, KY
Residential Land in Madisonville, KY

Pebble Creek Dr., Madisonville, KY 42431

$448,000
12.90 AC lot

12.9 acre residential land ideal for development.

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Land on I-69, Hanson, KY
Land on I-69, Hanson, KY

Kettle Lane, Hanson, KY 42413

$421,850
7.67 AC lot

Ideal location for apartment or condominium complex with utilities on-site.

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Residential Lots in Hanson, KY
Residential Lots in Hanson, KY

Kettle Lane, Hanson, KY 42413

Contact for pricing
0.25 AC lot

Ready-to-build residential lots with utilities and easy access.

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Off-Market Properties in Central City, KY

Consider similar Off-Market properties in Central City, 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.

Carroll St
MOBILE HOME PARK, TRAILER PARK

Carroll St, Central City, KY 42330

Estimated value: by Request
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508 Broad St
HIGH-RISE APARTMENTS

508 Broad St, Central City, KY 42330-1566

Estimated value:
$565,000
6,360 sqft
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Phillip Stone Way
Land

0 Phillip Stone Way, Central City, KY 42330

Estimated value: by Request
20.00 AC lot
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Welborn St
MOBILE HOME PARK, TRAILER PARK

Welborn St, Central City, KY 42330

Estimated value: by Request
3.43 AC lot
View details

Central City, KY Residential Income Properties Market Trends and Statistics

Explore 9 residential income properties for sale in Central City, KY, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 20,000 square feet of properties for sale, with an estimated market value of $4,120,000.

Sale prices for residential investment properties in Central City, KY start at $170,000, averaging $824,000, and reaching up to $1,200,000 — 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

Multifamily properties 5
Apartment buildings 3
Triplexes 1

Demographics Overview

Population 9,354
Population Growth (5Y) +4.4%
Median Household Income $47,904
College Educated 11.2%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
42330 $987.5K

Taxes & Financing

Tax Rate (average for all types) 0.96%
Property Tax per SF $11.70 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Muhlenberg County

New Delisted

Total CRE Inventory on Market (SF)

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