623 N 20th St Middlesboro, KY 40965
Estimated payment $1,245/month
Highlights
- Cooling System Mounted In Outer Wall Opening
- Ceiling Fan
- 1-Story Property
- Forced Air Heating and Cooling System
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 15,464 Sq Ft Lot
Parking
- On-Site Parking
Home Design
- Quadruplex
- Composition Roof
Interior Spaces
- 2,700 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Laundry on main level
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Schools
- Middlesboro Ind High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Forced Air Heating and Cooling System
- Space Heater
- Heat Pump System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 069-34-06-021.00
Community Details
Overview
- 2 Buildings
- 4 Units
- City Limits Subdivision
Building Details
- Operating Expense $6,000
- Gross Income $30,000
- Net Operating Income $20,000
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $161 | $15,000 | $15,000 | $0 |
| 2024 | $156 | $15,000 | $15,000 | $0 |
| 2023 | $157 | $15,000 | $0 | $0 |
| 2022 | $158 | $15,000 | $0 | $0 |
| 2021 | $160 | $15,000 | $0 | $0 |
| 2020 | $161 | $15,000 | $0 | $0 |
| 2019 | $161 | $15,000 | $0 | $0 |
| 2018 | $150 | $15,000 | $0 | $0 |
| 2017 | $149 | $15,000 | $0 | $0 |
| 2016 | $149 | $15,000 | $0 | $0 |
| 2014 | $138 | $15,000 | $0 | $0 |
| 2011 | $8 | $15,000 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/12/2026 06/12/26 | For Sale | $229,500 | -- | $85 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 26013646
APN: 069-34-06-017.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 LBAR Multiple Listing Service. All Rights Reserved.
- 725 19th St
- 120 Redwood Rd Unit A & B
- 105 Nutwood Rd
- 103 Nutwood Rd
- 422 Wilderness Rd
- 109 Bloomsbury Ave
- 515 Englewood Rd
- 113 Hollywood Dr
- 207 Arthur Heights
- 0000 Edgewood Rd
- 116 Edgewood Rd
- 717 Highway 441
- 118 Polly Hollow Right Fork Rd
- 321 W Chester Ave
- 215 S 21st St
- 63 Old Pineville Pike
- 103 Kingsbury Woods Rd
- 908 Manchester Ave
- 815 Dorchester Ave
- 508 & 512 Winchester Ave
- 1027 Chichester Ave Unit 1027 B
- 801 Winchester Ave Unit 2
- 801 Winchester Ave
- 801 Winchester Ave
- 302 S 27th St
- 561 S 43rd St
- 704 Brooklyn St Unit 4
- 219 Beech St Unit 103
- 511 Washington Ave Unit 101
- 516 Cumberland Estates Rd
- 426 Parliament Rd Unit 2
- 322 Norfolk Cir
- 184 Glade Rd
- 997 Old Jacksboro Pike
- 345 Mcvey Rd Unit 214
- 345 Mcvey Rd Unit 314
- 345 Mcvey Rd Unit 407
- 328 Wilson Hurst St
- 272 Loop Hollow Rd
- 2327 Sulphur Hollow Rd
Ask me questions while you tour the home.