# 1659 KY-501, Waynesburg, KY 40489

> **TL;DR:** 4bd/2ba single family, $100,000 ($44/sqft), 2,250 sqft.
> Hardwood, A/C. Est. $433/mo. Listed 147 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $100,000 |
| Price/sqft | $44 |
| Bedrooms | 4 |
| Bathrooms | 1 full, 1 half |
| Square Feet | 2,250 |
| Lot Size | 13,504 sqft (0.31 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 147 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $433 |
| **Total** | **$433** |

## Nearby Schools

- **Elementary:** Waynesburg
- **Middle:** Lincoln Co
- **High:** Lincoln Co

## Key Amenities

- Hardwood
- A/C

## Property Highlights

- 0.31 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 1659 KY-501, Waynesburg, KY 40489
- **County:** Lincoln
- **Neighborhood:** Rural
- **Coordinates:** 37.383613, -84.678879
- **Google Maps:** https://www.google.com/maps?q=37.383613,-84.678879

## Listing Agent

- **Name:** Curtis Brown
- **Brokerage:** Keller Williams Commonwealth - Stanford
- **Phone:** 6066694638
- **Email:** boggs124@hotmail.com

## Primary Photo

![1659 KY-501 - Primary Photo](http://lh.rdcpix.com/db190ae9cc27a41b3ed8145f1665407bl-f2951201091r.jpg)

*9 total photos available on [listing page](https://www.propertysimple.com/listing/1659-ky-501-waynesburg-ky-40489-26000263)*

---

**MLS#:** 26000263 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1659-ky-501-waynesburg-ky-40489-26000263)

---

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