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623 N 20th Street, Middlesboro, KY 40965

Middlesboro
Local realty services provided by:CENTURY 21 Simpson & Associates
623 N 20th Street,Middlesboro, KY 40965
$229,500
  • 6 Beds
  • 6 Baths
  • 2,700 sq. ft.
  • Multi-family
  • Active
Listed by: derek eisenberg
Office: continental real estate group
MLS#:26013646
Source:KY_LBAR

Price summary

  • Price:$229,500
  • Price per sq. ft.:$85

About this home

Excellent investment opportunity with a strong ~9% cap rate at asking price! This unique 4-unit property offers incredible versatility-perfect as a pure cash-flowing asset or an ideal opportunity to live in one unit while renting out the other three. The property consists of four fully occupied units: a main multi-family building featuring one 2-bedroom unit and two 1-bedroom units, plus a detached, standalone 2-bedroom, 2-bathroom manufactured home. All units have been historically well-maintained, feature newer appliances, and have received numerous updates and improvements over the years. Currently rented at stable, conservative rates, this property offers an immediate return on investment with substantial upside potential to increase rents to market value. A formidable long term opportunity.

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Home facts

  • Year built:1946
  • Subdivision & Development:City Limits
  • Listing ID #:26013646
  • Added:92 day(s) ago
  • Updated:September 13, 2026 at 03:01 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Full bathrooms:6
  • Living area:2,700 sq. ft.

Heating and cooling

  • Heating:Forced Air, Heat Pump, Space Heater
  • Central air:Yes

Structure and exterior

  • Year built:1946
  • Building area:2,700 sq. ft.
  • Lot area:0.35 Acres

Schools

  • High school:Middlesboro Ind

Finances and disclosures

  • Price:$229,500
  • Price per sq. ft.:$85

Features and amenities

  • Laundry features:Main Level
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