About This Home

This 14-bedroom, 0-bathroom multi-family at 118 S Franklin in Madisonville, KY is listed for $255,900 ($87 per sqft). Built in 1924, the home offers 2,946 sqft of living space on a 0.29 acres lot.

Key Features

  • Built in 1924
  • 0.29 acre lot

Property Details

1924

Amenities

A/C
Listing Description

Turnkey multi-family investment opportunity on S. Franklin Street in Madisonville, just a short walk to downtown shops, restaurants, and local attractions. This unique property features 3 established rental units currently operating as Airbnb properties.

Unit 1 offers 2 bedrooms and 2 baths, Unit 2 features 1 bedroom, 1 bath, plus an office, and Unit 3 includes 2 bedrooms and 1 bath. Each unit has updated living rooms, kitchens, and laundry areas and comes fully furnished, including linens and kitchenware, making it truly turnkey.

Situated on a deep fenced lot, the property also includes a storage building for additional space. Major updates include a new roof and gutters in 2025, with all three HVAC units approximately 5 years old. A rare opportunity to own a fully operational income-producing property near downtown Madisonville.

Monthly Cost Estimate

$1,369/mo

20% down · 6.5% · 30 years

Principal$185
Interest$1,109
Insurance$75

Estimates only. Actual payments may vary.

Location

118 S Franklin

Madisonville, KY 42431

Comer Hills Sub

Features & Amenities

Interior Features

Ceiling Fan(s)Hardwood FloorsSmoke DetectorTile FloorsWalk-In Closets

Exterior Features

DeckOutbuildingsShedStoop

Property Details

Construction

2 Story Brick

Outdoor Features

Deck

Heating

Natural Gas

Cooling

ElectricCentral Air

Appliances

DishwasherDryerGarbage DisposalMicrowaveRange-ElectricRefrigeratorWasher

Questions & Answers

This 14-bedroom, 0-bathroom multi-family at 118 S Franklin is listed at $255,900 ($87/sqft). The estimated monthly payment is $1,369 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1924, 0.29 acre lot. Interior Features: Ceiling Fan(s), Hardwood Floors, Smoke Detector. Exterior Features: Deck, Outbuildings, Shed.

This property is listed by Sara Spencer.

SS

Sara Spencer

Agent at Haven Realty, LLC

Listed by Haven Realty, LLC · Broker phone: 2708711514 · View on Broker Site

MLS# 121980· Source: Madisonville-Hopkins County Board of Realtors· 127 days on PropertySimple

Copyright © 2026 Madisonville-Hopkins County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

118 S Franklin, Madisonville, KY 42431

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