1659 Ky-501, Waynesburg, KY 40489
Local realty services provided by:ERA Select Real Estate
1659 Ky-501,Waynesburg, KY 40489
$100,000
- 4 Beds
- 2 Baths
- 2,250 sq. ft.
- Single family
- Active
Listed by: curtis brown, crystal l brown
Office: keller williams commonwealth - stanford
MLS#:26000263
Source:KY_LBAR
Price summary
- Price:$100,000
- Price per sq. ft.:$44.44
About this home
Investor Special who's looking for a Value-Add Opportunity with a Strong ARV Rare opportunity to reposition a former church (could easily be converted back to a church if desired) with substantial square footage and multiple exit strategies. This 2,250 sq ft main-level property has already been largely converted into a 4-bedroom, 1.5-bath layout, featuring a bonus room, office, and family room — all on one level. Laundry is conveniently located on the main floor and could easily function as a shared common area for future multi-tenant use. The property includes a separate electric meter for the upper level and a 1,250 sq ft unfinished basement, offering excellent potential to add additional bedrooms, expand living space, or convert the property into a duplex or multi-unit investment. The basement is a true blank canvas, ideal for maximizing value and rental income. Renovations on main floor have been started but not completed, allowing the next owner to customize layouts and finishes in select areas upstairs while unlocking significant upside below. HVAC infrastructure is in place with ductwork already run; the fuel oil system will need repair or replacement, but the setup appears ready for straightforward installation of new indoor and outdoor units. According to a recent appraisal, ARV exceeds $215,000.00 presenting a clear opportunity for investors seeking equity creation, BRRRR potential, or a long-term buy-and-hold. With strong bones, flexible configuration options, and substantial square footage, this property is well-suited for experienced investors or owner-occupants looking to add value. Sold as-is. Bring your vision and capitalize on this unique value-add opportunity....
Contact an agent
Home facts
- Year built:9999
- Listing ID #:26000263
- Added:158 day(s) ago
- Updated:June 13, 2026 at 03:14 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Rooms Total:11
- Flooring:Hardwood, Laminate
- Basement:Yes
- Basement Description:Full, Unfinished
- Living area:2,250 sq. ft.
Structure and exterior
- Year built:9999
- Building area:2,250 sq. ft.
- Lot area:0.31 Acres
- Construction Materials:Vinyl Siding
Schools
- High school:Lincoln Co
- Middle school:Lincoln Co
- Elementary school:Waynesburg
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$100,000
- Price per sq. ft.:$44.44
Features and amenities
- Laundry features:Electric Dryer Hookup, Main Level, Washer Hookup
New listings near 1659 Ky-501
- New
$269,900Active3 beds 2 baths1,620 sq. ft.788 Cemetery Road, Waynesburg, KY 40489
MLS# 26013237Listed by: KELLER WILLIAMS COMMONWEALTH - SOMERSET
$379,000Active4 beds 2 baths2,056 sq. ft.100 N Shady Lane, Eubank, KY 42567
MLS# 26012387Listed by: LAKE CUMBERLAND REAL ESTATE PROFESSIONALS
$175,000Active2 beds 2 baths1,568 sq. ft.1696 Sims Ridge Road, Kings Mountain, KY 40442
MLS# 26012222Listed by: OMEGA REAL ESTATE BROKERAGE LLC- Open Sun, 2 to 4pm
$247,500Active3 beds 2 baths1,500 sq. ft.24 Brook Way, Waynesburg, KY 40489
MLS# 26011775Listed by: KELLER WILLIAMS COMMONWEALTH - STANFORD
$210,000Pending2 beds 1 baths1,000 sq. ft.10660 Us-27, Waynesburg, KY 40489
MLS# 26011429Listed by: KELLER WILLIAMS COMMONWEALTH - STANFORD
$350,000Active3 beds 1 baths1,821 sq. ft.6990 US S 27 Hwy, Waynesburg, KY 40489
MLS# 1717782Listed by: ZHOMES REAL ESTATE
$35,000Pending4.3 Acres1077 Greasy Ridge Road, Stanford, KY 40484
MLS# 26011308Listed by: KELLER WILLIAMS COMMONWEALTH - STANFORD
$299,900Active4 beds 2 baths1,736 sq. ft.196 Cecil Smith Road, Hustonville, KY 40437
MLS# 26010805Listed by: CENTRAL KENTUCKY REALTY & ASSOCIATES, LLC
$465,000Active3 beds 3 baths3,375 sq. ft.236 Whitaker Road, Eubank, KY 42567
MLS# 26010410Listed by: NEXTHOME ADVENTURE
$209,500Pending3 beds 2 baths1,331 sq. ft.3135 Kentucky 1781, Waynesburg, KY 40489
MLS# 26009808Listed by: KELLER WILLIAMS COMMONWEALTH - STANFORD