338 W 4th St · Russellville, KY 42276

$169,900

4 bd · 3.0 ba · 2,808 sqft · Other public records · 549 Days on market

Built 1920 8,276 sqft lot $61/sqft · 33% below area Est $252k · 33% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.9/30.0
• ARV discount +15.0/15.0
• DSCR +5.2/10.0
• 1% rule +3.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLERS! This property has unlimited possibilities. . This could be a beautiful Single Family Residence. .. It can be a duplex to live in one side and rent the others. .. It can be a commercial property for offices, retail, etc as well as business on one side and live in the other side. This is a sweet find in Downtown Historic Russellville Ky, don't let it get away.

Key facts

• 8,276 sq ft lot
• Built 1920
• Listed 549 days

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath other listed at $170k.

Deal economics

• At list price, monthly cash flow is $111 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $147k (13.5% below list).
• Recommended offer: $147k (13.5% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 2.8% in Russellville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 65/100 on livability (#273 in KY) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Russellville Independent (town): math 21% / reading 32% proficiency, ranked #143 of 165 in KY (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 93 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 30 units permitted in Logan County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($57k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Logan County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 549 days — a 12% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $147,021 (13.5% below list)

Questions for the listing agent

1. It's been on market 549 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.87% ✗
• Cap rate: 7.07%
• Cash-on-cash: 2.79%
• DSCR: 1.12
• GRM: 9.6

CMA / ARV

• ARV (median comp): $252,042
• List price: $169,900
• Delta: -32.59%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.9%
• Equity multiple: 0.57×
• Total profit: $-20,534
• Equity at exit: $25,333

10-year hold

• IRR: -2.8%
• Equity multiple: 0.81×
• Total profit: $-9,019
• Equity at exit: $14,690

Cash invested: $47,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Kentucky: 83 Strongly Landlord-Friendly · R+16
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit (URLTA cities); generally landlord-friendly.

Methodology + full state rankings →

ZIP-level market 42276

• Home prices YoY: -9.9%
• Active inventory: 93
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,470 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$89 /mo · $1,068/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $111

Break-even live

Break-even rent $1,330

Max offer price $169,900

Occupancy floor 87%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1210 Nashville St Russellville, KY	4.0	1.0	2068	$1,600	$0.77	19d	1	1.24mi

Listing history 27 events

1. 2026-06-18
   days on market $169,900 Active 549 DOM
2. 2026-06-17
   days on market $169,900 Active 548 DOM
3. 2026-06-16
   days on market $169,900 Active 547 DOM
4. 2026-06-15
   days on market $169,900 Active 546 DOM
5. 2026-06-14
   days on market $169,900 Active 544 DOM
6. 2026-06-13
   days on market $169,900 Active 543 DOM
7. 2026-06-10
   days on market $169,900 Active 541 DOM
8. 2026-06-09
   days on market $169,900 Active 540 DOM
9. 2026-06-08
   days on market $169,900 Active 539 DOM
10. 2026-06-07
    days on market $169,900 Active 538 DOM
11. 2026-06-05
    days on market $169,900 Active 535 DOM
12. 2026-06-03
    days on market $169,900 Active 534 DOM
13. 2026-06-02
    days on market $169,900 Active 533 DOM
14. 2026-06-01
    days on market $169,900 Active 532 DOM
15. 2026-05-31
    days on market $169,900 Active 531 DOM
16. 2026-05-31
    days on market $169,900 Active 530 DOM
17. 2026-02-24
    price $169,900 379-char remark

    Show marketing remark (371 chars)

    MOTIVATED SELLERS! This property has unlimited possibilities. This could be a beautiful Single Family Residence. It can be a duplex to live in one side and rent the others. It can be a commercial property for offices, retail, etc as well as business on one side and live in the other side. This is a sweet find in Downtown Historic Russellville KY, don't let it get away.

18. 2026-02-24
    price $169,900 371-char remark

    Show marketing remark (371 chars)

    MOTIVATED SELLERS! This property has unlimited possibilities. This could be a beautiful Single Family Residence. It can be a duplex to live in one side and rent the others. It can be a commercial property for offices, retail, etc as well as business on one side and live in the other side. This is a sweet find in Downtown Historic Russellville KY, don't let it get away.

19. 2025-07-25
    status Active 379-char remark

    Show marketing remark (379 chars)

    MOTIVATED SELLERS! This property has unlimited possibilities. . This could be a beautiful Single Family Residence. .. It can be a duplex to live in one side and rent the others. .. It can be a commercial property for offices, retail, etc as well as business on one side and live in the other side. This is a sweet find in Downtown Historic Russellville Ky, don't let it get away.

20. 2025-07-24
    status Active 371-char remark

    Show marketing remark (371 chars)

    MOTIVATED SELLERS! This property has unlimited possibilities. This could be a beautiful Single Family Residence. It can be a duplex to live in one side and rent the others. It can be a commercial property for offices, retail, etc as well as business on one side and live in the other side. This is a sweet find in Downtown Historic Russellville KY, don't let it get away.

21. 2025-06-16
    historical Active Under Contract 371-char remark

    Show marketing remark (371 chars)

    MOTIVATED SELLERS! This property has unlimited possibilities. This could be a beautiful Single Family Residence. It can be a duplex to live in one side and rent the others. It can be a commercial property for offices, retail, etc as well as business on one side and live in the other side. This is a sweet find in Downtown Historic Russellville KY, don't let it get away.

22. 2024-12-16
    listed $179,900 Active 379-char remark

    Show marketing remark (371 chars)

    MOTIVATED SELLERS! This property has unlimited possibilities. This could be a beautiful Single Family Residence. It can be a duplex to live in one side and rent the others. It can be a commercial property for offices, retail, etc as well as business on one side and live in the other side. This is a sweet find in Downtown Historic Russellville KY, don't let it get away.

23. 2024-12-16
    listed $179,900 Active 371-char remark

    Show marketing remark (371 chars)

    MOTIVATED SELLERS! This property has unlimited possibilities. This could be a beautiful Single Family Residence. It can be a duplex to live in one side and rent the others. It can be a commercial property for offices, retail, etc as well as business on one side and live in the other side. This is a sweet find in Downtown Historic Russellville KY, don't let it get away.

24. 2024-07-12
    listed $139,900 Active
25. 2023-09-01
    soldstatus $160,000
26. 2023-01-09
    soldstatus $100,100
27. 1998-08-01
    soldstatus $71,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast KY · Resets to sale price

• Current annual tax: $1,068 · $89/mo
• Projected year-2 tax: $1,461 · $122/mo
• Expected delta: +$393/yr (+$33/mo · 36.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 8% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,643
• − Mortgage interest: −$9,517
• − Property taxes: −$1,068
• − Insurance: −$850
• − Repairs & maintenance: −$1,411
• − Management: −$1,411
• − Depreciation: −$4,943
• Taxable loss: −$1,557
• Est. tax savings @ 24.0%: +$374
• After-tax cash flow: $1,702/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Russellville Independent
• NCES district ID: 2105190
• Math proficiency: 21% ▼ -11.00%
• Reading proficiency: 32% ▼ -12.00%
• Median HH income: $28,861
• Composite: 21.24/100
• National rank: #8402
• State rank: #143 of 165 in KY

Livability — Russellville

• Score: 65/100
• State rank: #273
• US rank: #13256

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment F Housing A+ Health & safety F User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Russellville, KY
• County: Logan County · 16,044 people
• City population: 16,044
• Metro: nan
• Population (ZIP): 16,044
• Household income: $57,144
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 330.0

Population outlook (Logan County) Hauer SSP2

• Today (2025): 26,133 people
• By 2030: 25,572 · -2.1%
• By 2040: 24,247 · -7.2%
• By 2050: 22,849 · -12.6%
• By 2075: 19,587 · -25.0%
• By 2100: 15,927 · -39.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 6% Hispanic / Latino 4% Two or more races 4%
• Common ancestry: Slovak 2% Italian 2% Lithuanian 1%
• Foreign-born: 0%
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Logan

• 2024 margin: Solid R (+55.1) · D 21.9% · R 76.9% · Other 1.2%
• 2008→2024 swing: -26.5pp toward R · 2008: -28.6pp · 2024: -55.1pp
• All cycles: 2024: R+55.1 2020: R+48.4 2016: R+46.1 2012: R+32.6 2008: R+28.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.71%
• Current HPI: 269.3374
• Rent YoY: —
• Metro: nan
• State GDP YoY: ▲ 1.81%
• F500 in state: 4

Industry mix (Fortune 500 HQ in KY)

Industry	F500 HQs	Revenue
▸Healthcare	1	$118B
▸Food / Beverage	1	$7B

Price history

+139.3% since first listed

11 events — show timeline

• 2026-02-24 Price Changed $169,900 RASKMLS
• 2026-02-24 Price Changed $169,900 RASKMLS
• 2025-07-25 Relisted — RASKMLS
• 2025-07-24 Relisted — RASKMLS
• 2025-06-16 Contingent — RASKMLS
• 2024-12-16 Listed $179,900 RASKMLS
• 2024-12-16 Listed $179,900 RASKMLS
• 2024-07-12 Listed $139,900 RASKMLS
• 2023-09-01 Sold (Public Records) $160,000 Public Records
• 2023-01-09 Sold (Public Records) $100,100 Public Records
• 1998-08-01 Sold (Public Records) $71,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $1,068 · -47.1% YoY. Source: county tax records.