Residential Income

Phelps, KY Residential Income Properties for Sale

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12-Unit Apartment Building
Updated: Nov 3
12-Unit Apartment Building

39,49,59 Falcon Motel Street, Phelps, KY 41553

$419,000
4,866 sqft 1.00 AC lot
12 apartments: seven two‑bedroom units and five one‑bedroom units
4,866 square feet on 1 acre
Built in 1945
At the intersection of State Highways 6332 and 194
Gas stations, convenience stores, and restaurants within walking distance
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1 active listing matches your search: Residential Income for sale in Phelps, KY. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities and 4 land listings with development potential.

Opportunities in Nearby Cities

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

RV Park With Pull-Throughs
RV Park With Pull-Throughs

35 Peachtree Lane, Freeburn, KY 41528

$80,000
200 sqft 1.50 AC lot

Commercial-zoned property with pull-through hookup spots near Hatfield McCoy trails.

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Pull-Through RV Park Land
Pull-Through RV Park Land

35 Peachtree Lane, Freeburn, KY 41528

$80,000
1.75 AC lot

Commercially zoned acreage offers pull-through hookup spots and public sewer.

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LAND - Mouthcard, KY
LAND - Mouthcard, KY

Childress Rd, Mouthcard, KY 41548

$106,000
98.00 AC lot

Rural residential property with public water, private septic, and existing rented mobile home spots on a paved driveway.

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Mobile Home Park Development Land
Mobile Home Park Development Land

Childress Rd, Mouthcard, KY 41548

$106,000
98.00 AC lot

Rural residential property with public water, private septic, and existing rented mobile home spots on a paved driveway.

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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.

Residential Land Ready For Building
Residential Land Ready For Building

43774 ST HWY 194 E, Freeburn, KY 41528

Contact for pricing
0.33 AC lot

Residential land suitable for building or mobile home with utilities.

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Unrestricted Land Near Downtown Pikeville
Unrestricted Land Near Downtown Pikeville

00 Zebulon Highway, Pikeville, KY 41501

Contact for pricing
1.00 AC lot

Over one acre lot with commercial or residential potential.

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Pikeville Wooded Residential Land
Pikeville Wooded Residential Land

Mt Martha Trail Map#P04-00-24-035.01, Pikeville, KY 41332

$40,000
0.35 AC lot

Wooded building lot within Pikeville city limits.

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Residentially Zoned Development Land
Residentially Zoned Development Land

Hambley Blvd., Pikeville, KY 41501

$1,100,000
1.47 AC lot

1.465-acre parcel in Pikeville with residential zoning for commercial or housing development.

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Phelps, KY Residential Income Properties Market Trends and Statistics

Explore 1 residential income properties for sale in Phelps, KY on our real estate platform. These investment opportunities span a total of 4,866 square feet of properties for sale, with an estimated market value of $419,000.

Sale prices for residential investment properties in Phelps, KY average $419,000 — 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 2,324
Population Growth (5Y) +7.7%
Median Household Income $44,250
College Educated 32.0%

Taxes & Financing

Tax Rate (average for all types) 1.59%
Property Tax per SF $29.43 per SF
Tax Rate vs County Average 0.61 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Pike County

New Delisted

Total CRE Inventory on Market (SF)

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