Exceptional investment opportunity featuring 14 fully leased single-family residences situated on 5 acres in a convenient location near I-64 and Cave Run Lake. All 14 homes were built in 2021, offering a newer residential rental portfolio with established tenants already in place. The property consists of five 3-bedroom, 2-bath homes with approximately 1,200 sq ft each; six 2-bedroom, 2-bath homes with approximately 900 sq ft each; and three 2-bedroom, 1-bath homes with approximately 960 sq ft each. Tenants are responsible for their own electric, while the landlord currently pays water and garbage. Each residence is served by septic. Adding even more potential to this income-producing property, the local Health Department has indicated that the acreage can accommodate one additional residence, subject to applicable approvals and permitting. With 14 newer single-family homes in one location, full occupancy, convenient interstate access and proximity to Cave Run Lake, this is a rare opportunity to acquire an established residential investment portfolio with potential for additional growth. Financial information, rent roll and additional property details available to qualified buyers.
For sale
$2,250,000
20 Pickle Ln, Morehead, KY 40351
3beds
1,200sqft
Single Family Residence
Built in 2021
5 Acres Lot
$-- Zestimate®
$1,875/sqft
$-- HOA
What's special
- 36 days
- 314
- 10
Zillow last checked:
Listing updated:
Listed by:
Shannon V Malone 606-462-0159,
HomeLand Real Estate Inc
Source: Imagine MLS,MLS#: 26027640
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
Kitchen
- Level: First
Heating
- Electric, Heat Pump
Cooling
- Central Air, Electric, Heat Pump
Appliances
- Included: Refrigerator, Range
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,200
- Total interior livable area: 1,200 sqft
- Finished area above ground: 1,200
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
Lot
- Size: 5 Acres
Details
- Parcel number: 01900 00 036.16
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 2021
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Morehead
Financial & listing details
- Price per square foot: $1,875/sqft
- Tax assessed value: $1,132,000
- Annual tax amount: $9,475
- Date on market: 10/6/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,336/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/6/2026 | Listed for sale | $2,250,000+3361.5%$1,875/sqft |
Source: | ||
| 10/3/2024 | Sold | $65,000$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,475 -13.3% | $1,132,000 -11.7% |
| 2024 | $10,930 +55.2% | $1,281,375 +55% |
| 2023 | $7,042 +85.2% | $826,500 +87.8% |
| 2022 | $3,802 | $440,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 40351
Nearby schools
Schools provided by the listing agent
- Elementary: Rowan Co
- Middle: Rowan Co
- High: Rowan Co
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.


