209 S 1st Street, Nicholasville, KY 40356

Nicholasville
Local realty services provided by:ERA Select Real Estate
209 S 1st Street,Nicholasville, KY 40356
$224,900
  • 3 Beds
  • 3 Baths
  • 2,941 sq. ft.
  • Multi-family
  • Active
Listed by: randi mjos
Office: building the bluegrass realty
MLS#:26018793
Source:KY_LBAR

Price summary

  • Price:$224,900
  • Price per sq. ft.:$76.47

About this home

Looking for a multi-family investment property that achieves +1% rule? This cash flowing triplex at 209 South 1st Street offers an excellent chance to start or expand your investment portfolio. All three units are currently occupied by month-to-month tenants - who would like to remain in place, providing immediate rental income with future flexibility for the next owner. Electric billed separately for each unit. Professionally managed for the past two years, the property has been consistently maintained and presents a solid foundation for an investor looking to add value. Gross rents total $2725 monthly. Whether you're looking for a long-term hold, value-add project, or addition to an existing rental portfolio, this downtown location offers a consistent rental base due to convenience to shopping, dining, parks, and major commuter routes. Don't miss this chance to own a cash-flowing multifamily property with immediate income, upside potential, and attractive pricing. Inspections...

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Home facts

  • Year built:1791
  • Subdivision & Development:Downtown
  • Listing ID #:26018793
  • Added:99 day(s) ago
  • Updated:October 27, 2026 at 05:01 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,941 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Heat Pump

Structure and exterior

  • Year built:1791
  • Building area:2,941 sq. ft.
  • Lot area:0.2 Acres

Schools

  • High school:West Jess HS
  • Middle school:West Jessamine Middle School
  • Elementary school:Nicholasville

Finances and disclosures

  • Price:$224,900
  • Price per sq. ft.:$76.47
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