209 S 1st Street Nicholasville, KY $ 224,900
209 S 1st Street
$ 224,900
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209 S 1st Street

Nicholasville, KY, 40356
$ 224,900
Bedrooms3 Baths3.0 Sq 2,941

Monthly Estimate*

$ 1,420

209 S 1st Street, Nicholasville, KY 40356 - Image 1

Multi-Family Home for sale in Nicholasville, KY

for $224,900 with 3 bedrooms and 3 full baths. This 2,941 square foot home was built in 1791 on a lot size of 0.23.

Investment opportunity in the heart of downtown Nicholasville! This income-producing 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, providing immediate rental income with future flexibility for the next owner. *Additional photos coming soon.* 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. 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.

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Multi-Family Active

Price

$ 224,900

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Triplex

Lot Size

0.23

Year Built

1791

Town/City

Nicholasville

County/Region

Jessamine

MLS | Web ID

26018793

Features
General
Heating Heat Pump
Cooling Heat Pump
Possession Close Of Escrow
Year Built 1791
Property Subtype Triplex
Parcel Number 058-20-16-010.00
County Jessamine
New Construction N
Property Type Residential Income
Subdivision Name Downtown
Full Baths 3
Status Active
Directions From Downtown Nicholasville (Main St & Oak St intersection) head south on South Main Street (US-27 Business) for approximately 0.2 miles. Turn left onto East Maple Street then take the first right on
High School West Jess HS
City Nicholasville
High School District Jessamine County - 9
Number Of Units Total 3
MLS Area 009 - Jessamine County
Lot Size Units Acres
Lot Size Square Feet 8712.0
Elementary School Nicholasville
Land Lease Y/N N
Middle/Junior High School West Jessamine Middle School
MLS Area Minor 009 - Jessamine County
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Lot Size Area 0.23
Number of Buildings 1
Building Area Total 2941.0
Lot Dimensions 90x100
Lot Size Acres 0.23
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Total Bedrooms 3
Total Baths 3
Heating-Heat Pump True
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Internal Only
Street Number 1 209
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* Excluded Features
List By
Building The Bluegrass Realty

Broker

randi@btb-ky.com

Email

Affordability Calculator

$1,420
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,420
Monthly Property Taxes
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Monthly Home Insurance
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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
3289936 Elementary School
3292752 Middle School
West Jess HS High School
Pricing History
DatePricePrice ChangeDescription
7/20/2026$224,900 Listed Price

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209 S 1st Street, Nicholasville, KY, 40356 is a Multi-Family Home for sale at $224,900 with 2,941 sqft and a lot size of 0.23. 209 S 1st Street has 3 bedrooms, 3.0 baths, and was built in 1791. The property's zip code is 40356 which is in Nicholasville, KY