118 S Franklin St, Madisonville, KY, 42431
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1924
Materials
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Disposal,Microwave,Electric Range,Refrigerator,Washer,Gas Water Heater,One Bedroom (Dishwasher),One Bedroom (Range Oven),One Bedroom (Refrigerator),Two Bedroom (Dishwasher),Two Bedroom (Range Oven),Two Bedroom (Refrigerator),Three Bedroom (Dishwasher),Three Bedroom (Range Oven),Three Bedroom (Refrigerator)
- Laundry features: Other-See Remarks,One Bedroom: Laundry Room,Two Bedroom: Laundry Room,Three Bedroom: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 7
Features
- Ceiling Fan(s),Walk-In Closet(s)
- Window features: Double Pane Windows
- Flooring: Hardwood Floors,Tile Floors
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Electric,One Bedroom (Air Conditioning),Two Bedroom (Air Conditioning),Three Bedroom (Air Conditioning)
Interior Area
- Total structure area: 2,946
- Total interior livable area: 2,946 sqft
Property
Details
- Parcel number: M331621
Features
- Levels: Two
- Patio & porch: Deck,Stoop
- Exterior features: Lighting
Lot
- Lot size: 0.29 Acres
- Features: Landscaped,Wooded
- Lot size dimensions: 0.29
Parking
- Parking features: Concrete
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Earthquake
- Lightning
- Strong Wind
- Tornado
- Winter Weather
- Hail
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters Across Kentucky Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,293 | $15,516 |
| Home Insurance * | $284 | $3,408 |
| Property Taxes | $214 | $2,568 |
| Electricity | $232 | $2,791 |
| Total | $2,023 | $24,276 |
Income You'd Need if You Spent...
Kentucky FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-22 | Listed for sale | $255,900 |
| 2022-09-30 | Listing removed | -- |
| 2022-08-25 | Listed for sale | $169,900 |
| 2020-02-20 | Sold | $48,000 |
| 2020-01-15 | Listed for sale | $54,900 |
| 2019-11-20 | Sold | $40,000 |
View on Zillow