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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Owensboro, KY
$ 239,900
ROI
26.6
Cash Flow/m
460- 3 Bed
- 2 Bath
- 1865 sft
218 E 24th St, Owensboro, KY, 42303
Rental Income
$ 195,000
ROI
32.2Cash Flow/m
673- 6 Bed
- 3 Bath
- 2104 sft
431 Center St, Owensboro, KY, 42303
Currently Rented
Fix & Flip
Rental Income
$ 139,500
ROI
35.4Cash Flow/m
606- 3 Bed
- 3 Bath
- 1924 sft
331 Crittenden St, Owensboro, KY, 42303
$ 315,000
ROI
21.1Cash Flow/m
117- 4 Bed
- 4 Bath
- 2532 sft
4101 Fogle Dr, Owensboro, KY, 42301
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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