About This Home

This 3-bedroom, 3-bathroom multi-family at 209 S 1st Street in Nicholasville, KY is listed for $224,900 ($76 per sqft). the home offers 2,941 sqft of living space on a 0.23 acres lot.

Key Features

  • Built in 1791
  • 0.23 acre lot

Property Details

3 full

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$1,203/mo

20% down · 6.5% · 30 years

Principal$163
Interest$975
Insurance$66

Estimates only. Actual payments may vary.

Location

209 S 1st Street

Nicholasville, KY 40356

Downtown

Property Details

Heating

Heat Pump (Heating)

Cooling

Heat Pump

Questions & Answers

This 3-bedroom, 3-bathroom multi-family at 209 S 1st Street is listed at $224,900 ($76/sqft). The estimated monthly payment is $1,203 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1791, 0.23 acre lot.

This property is listed by Randi Mjos and can be reached at 8595394940.

RM

Randi Mjos

Agent at Building The Bluegrass Realty

(859) 539-4940

Listed by Building The Bluegrass Realty · View on Broker Site

MLS# 26018793· Source: listhub· 5 days on market

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.

209 S 1st Street, Nicholasville, KY 40356

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