Map
Listed price in listed location currency (USD).
$224,900

330

MLS® 26018793

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 2941 sqft
Garage 
Taxes 
Days Active 0
Lot Size 0.2336 Acres
Approx. Age 1791
Avg. Price Per Sqft $76
MLS® Number 26018793

Property Address: 209 S 1st St, Nicholasville, KY, 40356-1583

Average square foot calculated using Size range provided by listing agent.

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. Tenants pay utilities (water & 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. While the property could benefit from some TLC and cosmetic updates, it is priced accordingly and offers significant upside potential. Even better, this property is listed well below its current appraised value, making it an exceptional opportunity for investors seeking equity from day one. Gross rents total $2975 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.
MLS® Number26018793
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1791
Basement
Driveway
Garage Spaces
HeatHeat Pump
A/CHeat Pump

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 24, 2026List Date
$224,900List Price
  • Commute

Commute

Starting Address
Destination Address
209 S 1St St, Nicholasville, KY

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