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3 Beds
1 Bath
1,200 sqft

$2,250,000

20 Pickle Lane, Morehead KY, 40351

Price per sqft$1,875.00
Built in2021
Property size1,200 sqft
Property typeResidential
Listed by Shannon V Malone with HomeLand Real Estate Inc

Overview

Active

Listed Oct 6, 2026

Updated 4 days ago

Exceptional investment opportunity featuring 14 fully leased single-family residences situated on 5 acres in a convenient location near I-64 and Cave Run Lake. All 14 homes were built in 2021, offering a newer residential rental portfolio with established tenants already in place. The property consists of five 3-bedroom, 2-bath homes with approximately 1,200 sq ft each; six 2-bedroom, 2-bath homes with approximately 900 sq ft each; and three 2-bedroom, 1-bath homes with approximately 960 sq ft each. Tenants are responsible for their own electric, while the landlord currently pays water and garbage. Each residence is served by septic. Adding even more potential to this income-producing property, the local Health Department has indicated that the acreage can accommodate one additional residence, subject to applicable approvals and permitting. With 14 newer single-family homes in one location, full occupancy, convenient interstate access and proximity to Cave Run Lake, this is a rare opportunity to acquire an established residential investment portfolio with potential for additional growth. Financial information, rent roll and additional property details available to qualified buyers.

$14,969/mo

Est. mortgage payment based on a $2,250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
26027640

Interior Features

Bedrooms
3
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
5 Acres
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Listing Contact:  

The IDX display contains information sourced from the Bluegrass REALTORS® as of 10/7/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/7/2026 at 5:22 AM UTC

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