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Mayfield, KY Multifamily Home for Sale

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    $1,500,000

    • 4 Beds

    94 Flood Rd, Mayfield, KY 42066

    ATTENTION INVESTORS!! The owners are ready to retire and sell this 48-lot well-maintained mobile home park with 19 park-owned homes as well as an owner-occupied doublewide with 3 bedrooms and 2 bathrooms. Also on site is a 30x40 workshop, a barn for storage and maintenance equipment, as well as a small office building. This listing includes approx. 18 acres with plenty of room for the new owner

    Jaime Abell Arnold Realty Group

    94 Flood Rd, Mayfield, KY 42066

Why Live in Mayfield

Mayfield, Kentucky, is a small agricultural community of approximately 10,000 residents, situated between Nashville and St. Louis. Known for its strong sense of community and Southern charm, Mayfield has been rebuilding since a devastating tornado in 2021. The tornado caused significant damage to public buildings, homes, and businesses, but the community has rallied to restore the area. Housing options include ranch-style and new traditional homes, with ongoing construction efforts supported by organizations like Samaritan’s Purse. The city features seven parks, a dog park, and a ballpark, while the nearby Land Between the Lakes National Recreation Area, 32 miles east, offers extensive outdoor activities such as hiking, camping, and boating. Mayfield is served by two highly rated school districts: Graves County Public Schools and Mayfield Independent Schools, both recognized for their strong academic programs. The downtown area is being revitalized, with new dining options emerging alongside the reconstruction of government buildings. Annual events like the Festival of Lights at the Mayfield-Graves County Fairgrounds bring the community together. Despite experiencing extreme weather conditions, Mayfield has seen a decline in property crime since 2017, with violent crime rates remaining stable. Transportation is facilitated by Interstate 69, U.S. Route 45, and the Fulton County Transit Authority, with Barkley Regional Airport located 27 miles north, providing daily flights to Charlotte Douglas International Airport.

Home Trends in Mayfield, KY

Housing Trends

Median Sale Price
$183,000
Median Single Family Sale Price
$196,500
Median 2 Bedroom Sale Price
$127,450
Average Price Per Sq Ft
$121
Number of Homes for Sale
54
Last 12 months Home Sales
211
Months of Supply
3.10
Median List Price
$199,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
8%
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