$129,900 for 5 Acres in Kentucky — Currently Rented at $850 a Month and Ready to Work for You
Five acres just outside Hodgenville, a home already generating $850 a month in rental income, a metal roof, county water, and a fenced backyard — all for $129,900. Whether you’re an investor looking for immediate cash flow or a buyer who wants to hold the land and build later, this property in Larue County gives you options most listings at this price simply don’t.
The Land
Five acres in Larue County, Kentucky, positioned conveniently just outside Hodgenville — rural enough to feel like country, close enough to town to not feel remote. The lot is classified as a residential farm, which gives you flexibility in how you use it. No subdivision restrictions, no HOA. The acreage is large enough to build a second structure, run animals, or simply hold as a long-term asset in a county where land values have been quietly appreciating. The fenced backyard adds a practical layer for anyone thinking about dogs, chickens, or a garden setup.
The Home
The single-level home sits at 980 square feet with three bedrooms and two full bathrooms — a practical layout for a rental property or a starter home. A heat pump handles both heating and cooling, county water is connected, and a septic system is on site. The metal roof means low maintenance overhead for a landlord, and the deck off the back gives tenants outdoor living space that improves retention. An eat-in kitchen keeps the layout open and functional.
The Investment Angle
The home is currently occupied by a tenant paying $850 a month. That’s roughly $10,200 a year in gross rental income on a $129,900 purchase — a return that’s hard to ignore in a rural Kentucky market where prices are still within reach. The Zillow Rent Zestimate for the property sits at $1,438 a month, which suggests the current lease is below market and that there’s upside when the tenancy turns over. Cash or conventional financing only — no FHA or VA loans on this one.
The Area
Hodgenville is the county seat of Larue County in central Kentucky, best known as the birthplace of Abraham Lincoln — a small city of around 3,000 residents with a tight community, local services, and a genuinely affordable cost of living. Elizabethtown, a regional hub with full retail, medical facilities, and interstate access, is about 20 minutes to the north. Louisville is roughly an hour away. The location strikes a balance between rural quiet and practical accessibility that makes it appealing both for tenants and for buyers thinking long-term.
The Bottom Line
A tenanted property generating $850 a month on 5 acres in central Kentucky, priced at $129,900. Buy it as a rental, hold the land and let the tenant cover your costs, or plan a future build while the property pays for itself. At this price point in Larue County, the land alone makes it worth a serious conversation.
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