623 N 20th Street, Middlesboro, KY 40965

New Listing
$229,500
Property Type: Residential Income Bedrooms: 6 Baths: 6 Square Footage: 2,700 Lot Size (sq. ft.): 15,464 Status: Active
Current Price: $229,500 List Date: 6/12/2026 Last Modified: 6/15/2026

Description

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.

Supplements: ********

More Information MLS# 26013646

Listing Information

Comp Sale YN: No Property Sub Type: Quadruplex

Address

Zip +4: 1909 Directions: Cumberland Avenue to 19thd street then left on north 20th street and the four plex will be right in front of you. Parcel Number: 069-34-06-021.00 County: Bell Street Number: 623 Street Direction Prefix: N Street Name: 20th Street Suffix: Street State: KY Zip Code: 40965

Contract

Start Showing Date: 2026-06-12 Listing Agreement: Exclusive Agency Owner Name: Kamga LLC Owner Phone: (508) 280-7945 Office Exclusive YN: No List Price/Acre: 646478.87 List Price/SqFt: 85 Current Price: $229,500 Original List Price: 229500 Status: Active Listing Contract Date: 2026-06-08 List Price: $229,500

Tax & Legal

High School: Middlesboro Ind Zoning: R-1

Association/Community

Number Of Buildings: 2 Number Of Units In Community: 4 Number Of Units Total: 4

Interior

Living Area: 2700 Living Area Source: Public Records Bathrooms Half: 0 Bedrooms Total: 6 Bathrooms Total: 6 Bathrooms Full: 6

Building

Stories Total: 1 Accessibility Features YN: No Year Built: 1946

Lot

Lot Size Acres: 0.355 Lot Size Square Feet: 15463.8

Utilities

Cooling YN: Yes Heating YN: Yes Cable Connected: 1 Electricity Connected: 1

Remarks

Public Remarks: 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.

Cooling

Ceiling Fan(s): 1 Central Air: 1 Wall Unit(s): 1

Heating

Forced Air: 1 Heat Pump: 1 Space Heater: 1

Laundry Features

Main Level: 1

Listing Terms

Cash: 1 Conventional: 1

Parking Features

On Site: 1

Possession

Close Of Escrow: 1

Roof

Composition: 1

Structure Type

Quadruplex: 1

Income and Expenses

Gross Income: 30000 Net Operating Income: 20000 Operating Expense: 6000

Showing Requirements

Call Owner: 1

Showing Information

Showing Instructions: Call Owner for showings at (508) 280-7945. Email owner offers and questions at cumbygap1@gmail.com. Please cc: listing broker with a copy of offers or any changes in status to Offers@ContinentalRealEstate.com. DO NOT email broker at roster email below. It is a lead router for syndication to 3rd party sites and your email will not be human-read.

Status Change Information

Status Change Timestamp: 2026-06-12

Tax Legal

MLS Area Major: 087 - Bell County Subdivision Name: City Limits High School District: Bell County - 87

Property Features

Utilities: Cable Connected; Electricity Connected; Cable Connected; Electricity Connected Cooling: Ceiling Fan(s); Central Air; Wall Unit(s) Heating: Forced Air; Heat Pump; Space Heater Laundry Features: Main Level Listing Terms: Cash; Conventional Parking Features: On Site Possession: Close Of Escrow Roof: Composition Structure Type: Quadruplex Showing Requirements: Call Owner
Listing Office: Continental Real Estate Group
Last Updated: June - 15 - 2026
Information deemed reliable but not guaranteed.