Skip main navigation
For sale by owner
  • $514,990

    701 S Webster St, Morganfield, KY 42437

    12beds
    6,000sqft
    : 
    Loading
    Get pre-qualified
    SingleFamily
    Built in 1992
    0.93 Acres Lot
    $-- Zestimate®
    $86/sqft
    $-- HOA

    What's special

    Brick constructionNewer metal roofIndividual heat pumps
    10-Unit Multifamily Investment Opportunity | 701 S. Webster St., Morganfield, KY Exceptional opportunity to acquire a 10-unit multifamily property offering stable income with additional upside. Currently 9 of 10 units occupied, this property benefits from USDA Rental Assistance, providing consistent rental income and reducing vacancy risk. The property consists of approximately 6,000 square feet with 12 bedrooms and 10 bathrooms, making it an attractive option for investors seeking long-term cash flow. One vacant unit provides immediate value-add potential through lease-up. Recent ownership has maintained the property, and it features individual heat pumps, a newer metal roof, and recently installed sewage lift pumps (per seller). Financials, rent roll, and additional due diligence documents are available to qualified buyers. Property Highlights 10 Apartment Units Approximately 6,000 Sq. Ft. Built in 1992 9 of 10 Units Occupied USDA Rental Assistance Income Individual Heat Pumps Newer Metal Roof Recent Sewage Lift Pump Upgrades Brick Construction Strong Value-Add Opportunity Asking Price: $514,990 Investment package, rent roll, financial statements, and property photos available upon request. For additional information or to schedule a showing, contact: Randy Wagner Smoky Mountain Homebuyers LLC ?? 865-299-2483 ?? randy.smhb26@gmail.com
    What the owner loves about this home
    What I love most about this multifamily property is the combination of stable occupancy, government-assisted rental income, and immediate upside. With 9 of 10 units currently occupied, the property already produces income, while the vacant unit gives a new owner an opportunity to increase revenue quickly. The brick construction, individual heat pumps, newer metal roof, and recent sewage lift pump improvements also make this an attractive long-term hold with limited near-term capital needs. At approximately 6,000 square feet and priced at $514,990, it offers a compelling entry point for an investor seeking steady cash flow and room to improve performance over time.
    2 days
    |
    64
    |
    3
    |
    Listed by:

    Property Owner (865) 299-2483

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 1
      • Full bathrooms: 1
      Features
      • Basement: Basement (not specified)
      Interior area
      • Total interior livable area: 6,000 sqft

      Property

      Lot
      • Size: 0.93 Acres

      Construction

      Type & style
      • Home type: SingleFamily
      Condition
      • New construction: No
      • Year built: 1992

      Community & HOA

      Location
      • Region: Morganfield

      Financial & listing details

      • Price per square foot: $86/sqft
      • Date on market: 7/11/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/11/2026Listed for sale$514,990$86/sqft
        Source: Owner Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        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: 42437

        Getting around

        0 / 100
        Car-Dependent
        27 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts