$224,900
 $1,207 est/mo Sourced by Back At You

209 S 1st Street,Nicholasville, KY 40356

Nicholasville, KY 40356

Share:

PreviousNext

Description

Income producing historic asset in the heart of downtown Nicholasville! The Metcalf Place holds rich history as the first house to be erected in the establishing of the town of Nicholasville in the late 1700s. This now 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 welcome, property being sold "AS IS." Cash & conventional offers preferred. Listing agent has familial relationship with personal representative of the estate.

Details

MLS #26018793
Listing TypeFor Sale
StyleTriplex
Sub-TypeResale
StatusActive
Year1791
Days On Site56
Listing Provided ByBuilding The Bluegrass Realty | Randi Mjos

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet2,941
Units3
Building(s)1
Acreage0.23

Interior

CoolingHeat Pump
HeatingHeat Pump
Heating Yes / NoYes
Cooling Yes / NoYes

Area Information

StateKY
CountyJessamine
CityNicholasville
Zip Code40356
Area009 Jessamine County
SubareaJessamine County
Community NameDowntown
School DistrictJessamine County
Elementary SchoolNicholasville
High SchoolWest Jess HS
Listing VS Median (in Downtown)
Price:
$224,900
low | high
Med:
$225,000
49.955535793686% of Average
sqft:
2,941
low | high
Med:
906
100% of Average
$ / sqft:
$76
low | high
Med:
$248
100% of Average
On site:
56
low | high
Med:
71
78.87323943662% of Average
Sourced by Back At You

Market Activity 40356

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Elite Realty at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by Imagine MLS.

Contact

Learn More About This Property

Lisa Humphrey

Lisa Humphrey

Elite Realty

 (270) 210-6837homesin270@gmail.com
StateKY
CountyJessamine
CityNicholasville
Zip Code40356
Area009 Jessamine County
SubareaJessamine County
Community NameDowntown
School DistrictJessamine County
Elementary SchoolNicholasville
High SchoolWest Jess HS
Listing VS Median (in Downtown)
Price:
$224,900
low | high
Med:
$225,000
49.955535793686% of Average
sqft:
2,941
low | high
Med:
906
100% of Average
$ / sqft:
$76
low | high
Med:
$248
100% of Average
On site:
56
low | high
Med:
71
78.87323943662% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $168K - $281K
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
105 Saddlebrook Court Property Photo 1
$899,900
105 Saddlebrook Court
Nicholasville, KY 40356
Listing Updated: August 4, 2026 at 3:48:47 PM PDT