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    Central City, KY Residential Income Properties for Sale

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    Powderly, KY Greenville, KY Centertown, KY
    Mixed-Use Property in Central City
    $375,000
    3,000 SF
    Mixed-Use Property in Central City

    615 S 2nd Street, Central City, KY 42330

    Commercial and residential income property in Central City, Kentucky.
    • High‑visibility location off the Western Kentucky Parkway in Central City's business district.
    • Versatile 3,000± sq ft building suitable for commercial and residential use.
    • Includes two residential units (3‑bed/3‑bath and 2‑bed/1‑bath) for rental income or on‑site housing.
    • Adaptable 1,200± sq ft commercial space suitable for retail, office, or other businesses.
    • Built in 2017 with modern amenities including handicap‑accessible restrooms and office space.
    Updated: Apr 7
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    Renovated 27-Unit Apartment Building
    $1,200,000
    1.90 Acres
    Renovated 27-Unit Apartment Building

    1213 W Reservoir Avenue, Central City, KY 42330

    Renovated multifamily with coin laundry and many PTAC units; tenants pay electric while owner covers water and sewer.
    • 27‑unit investment property on approx. 1.9 acres, built in 1977
    • Renovated approx. 6 years ago, including exterior painting and replacement of a majority of PTAC heat/air units
    • Coin laundry on site for additional income
    • Reported approx. $174,000/year gross income
    • Tenants pay electric; owners pay water, sewer, and trash
    Updated: Mar 17, 2025
    View details
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 2 Active listings in Central City, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 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.

    Duplex Multi-Unit Portfolio
    $850,000
    812 SF
    Duplex Multi-Unit Portfolio

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

    Cindy Drive, Madisonville, KY 42431

    View details
    Remodeled Duplex Investment Property
    $399,900
    1.06 Acres
    Remodeled Duplex Investment Property

    Two remodeled, three-bedroom, one-bath units are both currently rented.

    17495 Lewisburg Road, Lewisburg, KY 42256

    View details
    Residential Land with Two Rental Houses
    $350,000
    32.52 Acres
    Residential Land with Two Rental Houses

    Over 32 acres with two rental houses in Madisonville, KY, offering multiple ways to use or hold the property.

    208/300 McLeod Ln., Madisonville, KY 42431

    View details
    Two-Unit Duplex Investment Property
    $175,000
    0.32 Acres
    Two-Unit Duplex Investment Property

    Duplex with two occupied 2-bedroom, 1.5-bath units, each with covered porches and tenant storage garage.

    460 Oak Street, Lewisburg, KY 42256

    View details

    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.

    Residential Land in Greenville, KY
    $40,000
    0.75 Acres
    Residential Land in Greenville, KY

    0.75+/- acre lot, ideal for home or duplex.

    123 Mill St, Greenville, KY 42345

    View details
    Industrial Property with Residential Income
    $299,000
    6,932 SF
    Industrial Property with Residential Income

    Industrial property in Beech Creek, KY with residential rental income.

    242 Beech Creek Road, Beech Creek, KY 42321

    View details
    Residential Land in Madisonville, KY
    $448,000
    12.90 Acres
    Residential Land in Madisonville, KY

    12.9 acre residential land ideal for development.

    Pebble Creek Dr., Madisonville, KY 42431

    View details
    Land on I-69, Hanson, KY
    $421,850
    7.67 Acres
    Land on I-69, Hanson, KY

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

    Kettle Lane, Hanson, KY 42413

    View details

    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
    Value Estimation by Request

    Carroll St, Central City, KY 42330

    View details
    508 Broad St
    HIGH-RISE APARTMENTS
    6,360 SF
    Value Estimation by Request

    508 Broad St, Central City, KY 42330-1566

    View details
    Phillip Stone Way
    Land
    Lot: 20.00 Acres
    Value Estimation by Request
    Phillip Stone Way

    0 Phillip Stone Way, Central City, KY 42330

    View details
    Welborn St
    MOBILE HOME PARK, TRAILER PARK
    Lot: 3.43 Acres
    Value Estimation by Request

    Welborn St, Central City, KY 42330

    View details

    Central City, KY Residential Income Properties Market Trends and Statistics

    Explore 6 residential income properties for sale in Central City, KY on our real estate platform. These investment opportunities span a total of 3,000 square feet of properties for sale, with an estimated market value of $375,000.

    Sale prices for residential income properties in Central City, KY start at $375,000, averaging $375,000, and reaching up to $375,000 — 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

    Apartment buildings 1
    Multifamily properties 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 $798K

    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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