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
- 118 days
- 130
- 12
Zillow last checked:
Listing updated:
Listed by:
Derek Eisenberg 877-996-5728,
Continental Real Estate Group
Source: Imagine MLS,MLS#: 26013646
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: $1,447
- Date on market: 6/12/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Listed for sale | $229,500$85/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,447 +3% | $135,000 |
| 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
Payment breakdown
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Neighborhood: 40965
Nearby schools
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.





