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    3-Unit Triplex for Short-Term Rentals
    Updated: Jun 22
    3-Unit Triplex for Short-Term Rentals

    118 S Franklin, Madisonville, KY 42431

    $255,900
    2,946 sqft 0.29 AC lot
    3 established rental units operating as Airbnb properties: Unit 1 (2 bed, 2 bath), Unit 2 (1 bed, 1 bath, office), Unit 3 (2 bed, 1 bath)
    0.29‑acre deep fenced lot with a storage building and outbuildings
    2,946 SF, 2‑story brick triplex built in 1924 with a composition roof
    New roof and gutters in 2025
    All three HVAC units approximately 5 years old
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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
    Based on your search, we've compiled 1 Potential Opportunities for your consideration. Besides 1 Active listings in Hopkins County, KY, we suggest exploring several alternatives:

    Hopkins County, KY Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Hopkins County, KY on our real estate platform. These investment opportunities span a total of 2,946 square feet of properties for sale, with an estimated market value of $255,900.

    Sale prices for three-family homes in Hopkins County, KY average $255,900 — 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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