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    Madisonville, KY
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    Madisonville, KY Residential Income 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 established rental units currently operating as Airbnb properties on S. Franklin Street
    Unit mix: Unit 1 (2 bed/2 bath), Unit 2 (1 bed/1 bath plus office), Unit 3 (2 bed/1 bath)
    All units include updated living rooms, kitchens, and laundry areas; property comes fully furnished
    New roof and gutters completed in 2025; all three HVAC units are approximately 5 years old
    Deep fenced lot with deck plus storage/outbuildings and a shed for extra space
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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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    Duplex with Mixed Lease Terms
    Duplex with Mixed Lease Terms

    825/827 Independence Dr, Madisonville, KY 42431

    $185,000
    1,500 sqft 0.36 AC lot

    Two-unit duplex in Madisonville offers one month-to-month tenant and one tenant under a year lease signed 9/30/25.

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    Multi-Use Office and Residential School
    Multi-Use Office and Residential School

    123 Waddill, Madisonville, KY 42431

    $530,000
    21,800 sqft 2.00 AC lot

    School building with updated offices, vacant lots, and removed asbestos, offering flexibility for offices or residential conversions.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Residential Land with Two Rental Houses
    Residential Land with Two Rental Houses

    208/300 McLeod Ln., Madisonville, KY 42431

    $350,000
    32.52 AC lot

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

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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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    Remodeled Duplex Portfolio
    Remodeled Duplex Portfolio

    Cindy Drive, Madisonville, KY 42431

    $850,000
    812 sqft 2.67 AC lot

    Five duplexes with remodels in recent years and current annual rent of $85,500.

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 7 Active listings in Madisonville, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

    Retail Storefront with Apartment
    Retail Storefront with Apartment

    7101 E St. Rt. 56, Sebree, KY 42455

    $179,900
    5,000 sqft 0.06 AC lot

    Storefront with display windows, back rooms, storage, and an upstairs one-bedroom apartment with a separate main-street entrance.

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    Industrial Property with Residential Income
    Industrial Property with Residential Income

    242 Beech Creek Road, Beech Creek, KY 42321

    $299,000
    6,932 sqft 6.12 AC lot

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

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    Industrial Property with Residential Income
    Industrial Property with Residential Income

    242 Beech Creek Rd, Beech Creek, KY 42321

    $299,000
    7,180 sqft 6.00 AC lot

    Industrial buildings and residential units generating monthly rental income.

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    Manufactured Home and Lot Site Park
    Manufactured Home and Lot Site Park

    66 E Washington St, Sebree, KY 42455

    $195,000
    4.00 AC lot

    A manufactured home and lot site community with four homes and four sites, off the highway in Sebree, KY.

    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 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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    Residential Lots Ready to Build
    Residential Lots Ready to Build

    Kettle Lane, Hanson, KY 42413

    Contact for pricing
    0.17 AC lot

    Residential lots in Hanson with utilities and easy access.

    View details

    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
    000 Homewood Dr
    Land

    000 Homewood Dr, Madisonville, KY 42431

    Value Estimation by Request
    48.00 AC lot
    View details

    Madisonville, KY Residential Income Properties Market Trends and Statistics

    Explore 9 residential income properties for sale in Madisonville, KY, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 35,592 square feet of properties for sale, with an estimated market value of $2,870,900.

    Sale prices for residential income properties in Madisonville, KY start at $75,000, averaging $410,128, 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

    Multifamily properties 5
    Duplexes 2
    Short term rental properties 2
    Mobile home & RV parks 1
    Single family properties 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 $343.2K

    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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