🏢 Investment Opportunity - 4-Unit Apartment Building in Rural Laurel County, KY
Discover a solid investment in the heart of rural Laurel County! This multi-family apartment building features 4 income-generating units—two 2-bedroom units and two comfortable 1-bedroom units.
Located just minutes from local stores, restaurants, and the popular Levi Jackson Wilderness Road Park, this property offers the perfect blend of convenience and rural charm. With high rental demand in the area and strong growth potential, this is a prime opportunity to expand your real estate portfolio.
Property Highlights:
4 total units (2× 2BR / 2× 1BR)
Quiet, rural setting close to town amenities
Excellent location near Levi Jackson Park
Strong rental income potential
Great for long-term investment or owner-occupancy with rental income
Whether you're a seasoned investor or just getting started, this property offers immediate cash flow and long-term value. Don't miss out on this rare opportunity in Laurel County!
Buyer to verify all aspects of property and school systems.
Sold for $200,000
$200,000
51 Shields Ln, London, KY 40744
6beds
4,516sqft
Quadruplex
Built in 1974
-- sqft lot
$194,800 Zestimate®
$44/sqft
$1,155 Estimated rent
Home value
$194,800
$138,000 - $259,000
$1,155/mo
Zestimate® history
Owner options
List your home for rent
$1,155/mo
Rent Zestimate®
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$1,155/mo
Rent Zestimate®
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$1,264/mo
Est. payment
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$1,264/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Joy Hall 606-521-5031,
New Beginnings Real Estate LLC
Bought with:
Austin Polley, 219024
Distinctive Living
Source: Imagine MLS,MLS#: 25012099
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric
Interior area
- Total structure area: 4,516
- Total interior livable area: 4,516 sqft
Property
Parking
- Total spaces: 10
Lot
- Size: 0.70 Acres
Details
- Parcel number: 0643000012.01
- Zoning description: Rural
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Shingle
Condition
- New construction: No
- Year built: 1974
Community & neighborhood
Location
- Region: London
- Subdivision: Rural
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Sold | $200,000-16.7%$44/sqft |
Source:  Imagine MLS #25012099 Report a problem | ||
| 9/2/2025 | Pending sale | $240,000$53/sqft |
Source: Imagine MLS #25012099 Report a problem | ||
| 7/20/2025 | Contingent | $240,000$53/sqft |
Source: Imagine MLS #25012099 Report a problem | ||
| 6/7/2025 | Listed for sale | $240,000+182.4%$53/sqft |
Source: Imagine MLS #25012099 Report a problem | ||
| 7/31/2020 | Sold | $85,000-43%$19/sqft |
Source: Imagine MLS #1911328 Report a problem | ||
| 5/15/2020 | Pending sale | $149,000$33/sqft |
Source: Huddleston Real Estate #1911328 Report a problem | ||
| 12/2/2019 | Price change | $149,000-6.3%$33/sqft |
Source: Huddleston Real Estate #1911328 Report a problem | ||
| 5/21/2019 | Listed for sale | $159,000+200%$35/sqft |
Source: Huddleston Real Estate #1911328 Report a problem | ||
| 4/1/2019 | Sold | $53,000$12/sqft |
Source: Public Record Report a problem | ||
| 1/23/2019 | Pending sale | $53,000$12/sqft |
Source: Huddleston Real Estate #1901288 Report a problem | ||
| 1/23/2019 | Listed for sale | $53,000$12/sqft |
Source: Huddleston Real Estate #1901288 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $655 -2.5% | $85,000 |
| 2023 | $672 -0.6% | $85,000 |
| 2022 | $677 -3.5% | $85,000 |
| 2021 | $701 | $85,000 -29.2% |
| 2020 | -- | $120,000 |
| 2019 | $1,000 +0.2% | $120,000 |
| 2018 | $998 +0.1% | $120,000 |
| 2017 | $998 | $120,000 -56.2% |
| 2015 | $998 +3.6% | $273,700 +128.1% |
| 2012 | $962 | $120,000 |
Find assessor info on the county website
Neighborhood: 40744
Nearby schools
GreatSchools rating
- 9/10Bush Elementary SchoolGrades: PK-5Distance: 1.8 mi
- 8/10South Laurel Middle SchoolGrades: 6-8Distance: 1.3 mi
- NAMcdaniel Learning CenterGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Bush
- Middle: North Laurel
- High: North Laurel
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Kentucky
- Laurel County
- London
- 40744
- 51 Shields Ln
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