221 E 4th Street London, KY $ 385,000
221 E 4th Street
$ 385,000
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221 E 4th Street

London, KY, 40741
$ 385,000
Bedrooms8 Baths5.0 Sq 4,905

Monthly Estimate*

$ 2,659

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Multi-Family Home for sale in London, KY

for $385,000 with 8 bedrooms and 5 full baths. This 4,905 square foot home was built in 1947 on a lot size of 0.12.

**Prime Investment Opportunity in the Heart of Downtown London!** Expand your investment portfolio with this income-producing property featuring **5 rental units across 3 separate buildings**, currently zoned commercial and generating **$3,950 in monthly rental income ($47,400 annually)**! The property consists of two standalone homes, identified as House A and House B, along with a third building containing three additional rental units. **House A features a new metal roof**, and both homes offer basements with potential for conversion into additional efficiency apartments, subject to necessary approvals and permitting. Building 3 features two upstairs apartments, each offering 1 bedroom and 1 bathroom, along with a third rental unit on the lower level. **Apartment 1 has been renovated**, adding to the property's appeal. With a history of minimal vacancy and strong rental demand, this established investment offers consistent income potential. Tenants pay their own electric and water, helping minimize operating expenses. Situated in a convenient downtown location near local businesses, shopping, dining, and amenities, this property offers an attractive combination of **immediate rental income, multiple buildings, and potential for future expansion**. Whether you're growing your investment portfolio or looking for an established multifamily rental property, this downtown London opportunity is one you won't want to miss!

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Multi-Family Active

Price

$ 385,000

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.12

Year Built

1947

Town/City

London

County/Region

Laurel

MLS | Web ID

26028525

Features
General
Heating Heat Pump
Cooling Heat Pump
Utilities Electricity Connected Sewer Connected Water Connected
Possession Negotiable Subject To Tenant Rights
Roof Metal Shingle
Zoning C-1
Year Built 1947
Property Subtype Apartment
Parcel Number 050-90-00-071.00
County Laurel
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name City Limits
Full Baths 5
Status Active
Directions Located between Gilliam Law and Church
High School North Laurel
City London
High School District Laurel County - 44
Zoning Description Commercial (40)
Number Of Units Total 5
MLS Area 044 - Laurel County
Lot Size Units Acres
Lot Size Square Feet 5227.0
Elementary School London
Land Lease Y/N N
Middle/Junior High School North Laurel
MLS Area Minor 044 - Laurel County
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Multi Family
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features On Site Paved
Lot Size Area 0.12
Number of Buildings 3
Building Area Total 4905.0
Lot Size Acres 0.12
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 8
Total Baths 5
Heating-Heat Pump True
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Internal Only
Street Number 1 221
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* Excluded Features
List By
Keller Williams Legacy Group

Broker

lindseybrown.wagers@gmail.com

Email

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$2,659
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Monthly Principal & Interest
$2,659
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3289773 Elementary School
3292763 Middle School
North Laurel High School High School
Pricing History
DatePricePrice ChangeDescription
10/15/2026$385,000 Listed Price

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221 E 4th Street, London, KY, 40741 is a Multi-Family Home for sale at $385,000 with 4,905 sqft and a lot size of 0.12. 221 E 4th Street has 8 bedrooms, 5.0 baths, and was built in 1947. The property's zip code is 40741 which is in London, KY