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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Madisonville, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Triplex with Waterfront Views
    Triplex with Waterfront Views

    157 Lakeshore Drive, Eddyville, KY 42038

    $699,500
    4,080 sqft 1.00 AC lot

    Triplex on Lake Barkley features three separate living quarters and a detached cabin-style space for guest overflow.

    View details
    Triplex with Central Air and Electric Heat
    Triplex with Central Air and Electric Heat

    2103 S Virginia Street, Hopkinsville, KY 42240

    $295,000
    2,931 sqft 0.76 AC lot

    Historic triplex with three units, central air, electric heat, and public sewer service on a 0.763-acre lot.

    View details
    Triplex Property with Central Air
    Triplex Property with Central Air

    2103 S Virginia Street, Hopkinsville, KY 42240

    $295,000
    2,931 sqft 0.76 AC lot

    Triplex configured as two one-bedroom units and one two-bedroom unit with central air and electric heat.

    View details
    Short-Term Rental Home with Detached Cabin
    Short-Term Rental Home with Detached Cabin

    157 Lakeshore Dr, Eddyville, KY 42038

    $699,500

    Lake Barkley waterfront rental known as the “Sunset House” with three separate living quarters and a detached cabin-style space.

    View details

    Madisonville, KY Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Madisonville, 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 Madisonville, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Short term rental properties 3
    Duplexes 2
    Triplexes 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 $255.9K

    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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