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.
For sale
$229,500
623 N 20th St, Middlesboro, KY 40965
6beds
2,700sqft
Quadruplex
Built in 1946
-- sqft lot
$-- Zestimate®
$85/sqft
$-- HOA
What's special
Newer appliancesNumerous updates and improvements
- 22 days |
- 291 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Derek Eisenberg 877-996-5728,
Continental Real Estate Group
Source: Imagine MLS,MLS#: 26013646
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Forced Air, Heat Pump, Space Heater
Cooling
- Central Air, Ceiling Fan(s), Wall Unit(s)
Appliances
- Laundry: Main Level
Interior area
- Total structure area: 2,700
- Total interior livable area: 2,700 sqft
Property
Parking
- Parking features: On Site
Lot
- Size: 0.36 Acres
Details
- Parcel number: 0693406021.00
- Zoning: R-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Composition
Condition
- Year built: 1946
Utilities & green energy
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Subdivision: City Limits
Location
- Region: Middlesboro
Financial & listing details
- Price per square foot: $85/sqft
- Tax assessed value: $135,000
- Annual tax amount: $1,405
- Date on market: 6/12/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,020/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Listed for sale | $229,500$85/sqft |
Source:  Imagine MLS #26013646 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,405 -0.6% | $135,000 |
| 2023 | $1,413 -0.9% | $135,000 |
| 2022 | $1,426 -1% | $135,000 |
| 2021 | $1,440 -0.3% | $135,000 |
| 2020 | $1,445 -0.1% | $135,000 |
| 2019 | $1,446 +7.3% | $135,000 |
| 2018 | $1,347 | $135,000 |
| 2017 | -- | $135,000 +17.4% |
| 2016 | -- | $115,000 |
| 2014 | $1,056 +1430% | $115,000 +66.7% |
| 2011 | $69 -73.8% | $69,000 |
| 2010 | $263 | $69,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 40965
Nearby schools
GreatSchools rating
- 5/10Middlesboro Elementary SchoolGrades: PK-4Distance: 1.3 mi
- 5/10Middlesboro Middle SchoolGrades: 5-8Distance: 1.8 mi
- 6/10Middlesboro High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- High: Middlesboro Ind
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Kentucky
- Bell County
- Middlesboro
- 40965
- 623 N 20th St
Nearby cities
Nearby zip codes
Other Middlesboro Topics
