# 209 S 1st Street, Nicholasville, KY 40356

> **TL;DR:** 3bd/3ba multi-family, $224,900 ($76/sqft), 2,941 sqft.
> A/C. Est. $1,203/mo. Listed 5 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $224,900 |
| Price/sqft | $76 |
| Bedrooms | 3 |
| Bathrooms | 3 full |
| Square Feet | 2,941 |
| Lot Size | 10,176 sqft (0.23 acres) |
| Property Type | Multi-Family (Triplex) |
| Status | For Sale |
| Days on Market | 5 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $1,137 |
| Estimated Insurance | $66 |
| **Total** | **$1,203** |

## Nearby Schools

- **Elementary:** Nicholasville
- **Middle:** West Jessamine Middle School
- **High:** West Jess HS

## Key Amenities

- A/C

## Property Highlights

- Built in 1791
- 0.23 acre lot

## Description

### Agent 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.

## Location

- **Address:** 209 S 1st Street, Nicholasville, KY 40356
- **County:** Jessamine
- **Neighborhood:** Downtown
- **Coordinates:** 37.878649, -84.57485
- **Google Maps:** https://www.google.com/maps?q=37.878649,-84.57485

## Listing Agent

- **Name:** Randi Mjos
- **Brokerage:** Building The Bluegrass Realty
- **Phone:** 8595394940

## Primary Photo

![209 S 1st Street - Primary Photo](http://lh.rdcpix.com/88cdbd9586f71e6208b74333c332920dl-f409229076r.jpg)

---

**MLS#:** 26018793 | **Updated:** 2026-08-01
**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.ai/listing/209-s-1st-street-nicholasville-ky-40356-26018793)

---

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