600 W Shelby St, Falmouth, KY, 41040

About This Home

This multi-unit residential property (configured as a 5-unit building) is located in a quiet, established area of Falmouth within a historically significant district known for its small-town character and stable residential setting. The structure sits on a generous parcel and retains the exterior charm consistent with the surrounding historic neighborhood. Inside, the property requires a full interior rehabilitation, offering a blank slate for a complete value-add renovation. With its existing multi-family layout, this property presents strong income-producing potential once stabilized. After renovation, it could serve as a reliable long-term rental asset or repositioned multi-unit investment in a market with steady rental demand and limited comparable inventory. This is a classic value-add opportunity with clear money-maker potential, where an investor can significantly increase both cash flow and property value through strategic rehab and modernization. Please do not contact me if you are anything other than a real buyer or agent with a prospective known buyer. Text me with the property address to weed out scammers and I will return the call.