508 & 506 Platt Drive Nicholasville, KY $ 400,000
508 & 506 Platt Drive
$ 400,000
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508 & 506 Platt Drive

Nicholasville, KY, 40356
$ 400,000
Bedrooms4 Baths2.2 Sq 3,192

Monthly Estimate*

$ 2,526

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Multi-Family Home for sale in Nicholasville, KY

for $400,000 with 4 bedrooms and 2 full baths, 2 half baths. This 3,192 square foot home was built in 2002 on a lot size of 0.16.

Ready to buy your first investment property? Here's a great opportunity to live in one side of these 2 adjoining townhomes and rent out the other! Or, add these updated income-producing properties to your investment portfolio. The units are deeded separately, but they share a roof & a fence, making them a better package deal than to be sold separately. Beginning July 1, both tenants will be paying $1,200/month. The tenant in 508 Platt is planning to move out in September, so there is an opportunity to raise that rent to current fair market rates or, move into that side, with instant income from 506. The tenant in 506 has lived there for 8-10 yrs & would like to stay. The owner used to live in one of the units & has taken great care of the properties since converting them to rentals. Almost everything in each unit has been updated in the last 10 years, including new Trex deck boards in 2025; The roof (shared), water heaters & 506 HVAC were replaced in 2018; The 508 HVAC was replaced in 2017; New luxury vinyl flooring in 2015 (506) and 2018 (508). 48 hours notice required to show. Selling as is. Inspections welcome.

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Multi-Family Active

Price

$ 400,000

Bedrooms

4

Full Bath

2

Half Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Duplex

Lot Size

0.16

Year Built

2002

Town/City

Nicholasville

County/Region

Jessamine

MLS | Web ID

26014582

Features
General
Heating Electric Heat Pump
Cooling Electric
Utilities Electricity Connected Underground Utilities
Possession Close Of Escrow Subject To Tenant Rights
Roof Dimensional Style Shingle
Year Built 2002
Property Subtype Duplex
Parcel Number 057-30-13-001.00 and 057-30-13-002.00
Gross Income 28800.0
County Jessamine
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Orchard
Full Baths 2
Status Active
Directions US 27 south to Nicholasville. Left onto Main St. Left onto John Sutherland Drive. Left onto Platt Dr. Townhomes are on your right. Signs in yards.
High School East Jess HS
City Nicholasville
High School District Jessamine County - 9
Number Of Units Total 2
MLS Area 009 - Jessamine County
Lot Size Units Acres
Lot Size Square Feet 7000.0
Elementary School Red Oak
Land Lease Y/N N
Middle/Junior High School East Jessamine Middle School
MLS Area Minor 009 - Jessamine County
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Duplex Other
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features On Site Open Paved
Total Parking 2.0
Lot Size Area 0.16
Number of Buildings 2
Building Area Total 3192.0
Lot Size Acres 0.16
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 2
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 4
Total Baths 4
Heating-Heat Pump True
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Internal Only
Street Number 1 508506
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* Excluded Features
List By
Firefly Realty & Investments

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$2,526
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Monthly Principal & Interest
$2,526
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3289788 Elementary School
3292854 Middle School
East Jess HS High School
Pricing History
DatePricePrice ChangeDescription
6/23/2026$400,000 Listed Price

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508 & 506 Platt Drive, Nicholasville, KY, 40356 is a Multi-Family Home for sale at $400,000 with 3,192 sqft and a lot size of 0.16. 508 & 506 Platt Drive has 4 bedrooms, 2.2 baths, and was built in 2002. The property's zip code is 40356 which is in Nicholasville, KY