Multi Family Investment Properties for Sale in Owensboro, KY
Currently Rented
Rental Income
$ 149,900
ROI
24.5
Cash Flow/m
198- 2 Bed
- 2 Bath
- 1378 sft
1006/1008 Locust St, Owensboro, KY, 42301
$ 199,900
ROI
34.5Cash Flow/m
820- 4 Bed
- 3 Bath
- 1872 sft
620 Crittenden St, Owensboro, KY, 42303
$ 199,900
ROI
31.3Cash Flow/m
643- 4 Bed
- 4 Bath
- 1976 sft
809 E 5th St, Owensboro, KY, 42303
Rental Income
$ 210,000
ROI
30.2Cash Flow/m
610- 5 Bed
- 3 Bath
- 4832 sft
600 Allen St, Owensboro, KY, 42303
Why Invest in Owensboro, Kentucky?
Multi-family properties in Owensboro, KY offer strong investment potential with steady appreciation and reliable rental demand. Home values have risen 3-7% annually, supporting solid cap rates around 7-8%. Average rents hold firm while renter occupancy exceeds 35%, bolstered by local job growth. Low entry prices compared to state averages make scaling portfolios feasible. Stable market dynamics favor long-term cash flow and equity buildup.
8.5%
Avg. ROI
7.2%
Rental Yield
7.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1050/mo
Avg. Rent
5.2%
1Y Appreciation
Frequently Asked Questions
Owensboro offers affordable entry points with 5%+ appreciation and 7% cap rates. Strong renter demand from local jobs ensures steady cash flow. Market stability reduces volatility risks.
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