# 406 S 16th Street, Murray, KY 42071 > **TL;DR:** 4bd/2ba multi-family, $225,000 ($134/sqft), built 1960, 1,680 sqft. > A/C. Est. $1,204/mo. Listed 3 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $225,000 | | Price/sqft | $134 | | Bedrooms | 4 | | Bathrooms | 2 full | | Square Feet | 1,680 | | Year Built | 1960 | | Lot Size | 17,424 sqft (0.40 acres) | | Stories | 1 | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 3 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,138 | | Estimated Insurance | $66 | | **Total** | **$1,204** | ## Nearby Schools - **Elementary:** Murray - **Middle:** Murray - **High:** Murray Independent ## Key Amenities - A/C ## Property Highlights - Built in 1960 - 0.40 acre lot ## Description ### Agent Description Investment opportunity within walking distance of Murray State University! This well-maintained duplex features two bedrooms and one bathroom on each side and is already bringing in $2,200 per month total, with tenants paying their own utilities. Opportunities to purchase an income-producing property in this location don't come around often! Each unit includes a washer and dryer that will convey, along with all attached appliances. Several important updates have already been taken care of, including a new roof on both the duplex and detached garage in 2020, mini-split systems installed in both units in 2024, new fiberglass shower surrounds in both bathrooms, and updated vinyl windows throughout. The property also offers plenty of parking for both units, plus a detached two-bay garage in the backyard that's in great condition. Keep it for your own storage and eliminate that monthly storage rental fee, or explore the potential to rent the garage bays to tenants for additional monthly income! The location is hard to beat. You're within walking distance of Murray State University, Murray Elementary School, and the Arboretum, while also being just minutes from the hospital, shopping, restaurants, and everything else Murray has to offer. With $2,200 in current monthly rental income, tenants paying utilities, additional garage income potential, and a highly convenient location, you're hard-pressed to find a rental property for sale already performing close to the 1% mark. Don't let this one pass you by! ## Location - **Address:** 406 S 16th Street, Murray, KY 42071 - **County:** Calloway - **Coordinates:** 36.604629, -88.324786 - **Google Maps:** https://www.google.com/maps?q=36.604629,-88.324786 ## Listing Agent - **Name:** Ashton Downey - **Brokerage:** Keller Williams Experience Realty - **Broker Phone:** (270) 713-9040 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/406-S-16th-St_Murray_KY_42071_M38404-49236?f=listhub&s=LBARKY&m=26029954&c=propsimple) ## Photos ![406 S 16th Street - Photo 1](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f1503854005r.jpg) ![406 S 16th Street - Photo 2](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f2620660456r.jpg) ![406 S 16th Street - Photo 3](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f4170474683r.jpg) ![406 S 16th Street - Photo 4](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f3194694593r.jpg) ![406 S 16th Street - Photo 5](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f2434804634r.jpg) ![406 S 16th Street - Photo 6](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f4120619794r.jpg) ![406 S 16th Street - Photo 7](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f2583153330r.jpg) ![406 S 16th Street - Photo 8](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f4253427399r.jpg) ![406 S 16th Street - Photo 9](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f1982409212r.jpg) ![406 S 16th Street - Photo 10](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f2498309217r.jpg) ![406 S 16th Street - Photo 11](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f3513652754r.jpg) ![406 S 16th Street - Photo 12](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f2753151352r.jpg) ![406 S 16th Street - Photo 13](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f2384934028r.jpg) ![406 S 16th Street - Photo 14](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f1831209012r.jpg) ![406 S 16th Street - Photo 15](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f1914309061r.jpg) ![406 S 16th Street - Photo 16](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f3312937016r.jpg) ![406 S 16th Street - Photo 17](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f858467589r.jpg) ![406 S 16th Street - Photo 18](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f2823573823r.jpg) ![406 S 16th Street - Photo 19](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f1263639004r.jpg) ![406 S 16th Street - Photo 20](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f356157356r.jpg) ![406 S 16th Street - Photo 21](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f4193382650r.jpg) ![406 S 16th Street - Photo 22](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f4164125642r.jpg) ![406 S 16th Street - Photo 23](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f562335549r.jpg) ![406 S 16th Street - Photo 24](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f3199378889r.jpg) ![406 S 16th Street - Photo 25](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f1497925998r.jpg) ![406 S 16th Street - Photo 26](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f3672884785r.jpg) ![406 S 16th Street - Photo 27](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f1130939999r.jpg) ![406 S 16th Street - Photo 28](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f1451999760r.jpg) ![406 S 16th Street - Photo 29](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f3607134735r.jpg) ![406 S 16th Street - Photo 30](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f1479241585r.jpg) ![406 S 16th Street - Photo 31](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f1769916762r.jpg) ![406 S 16th Street - Photo 32](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f2515231885r.jpg) ![406 S 16th Street - Photo 33](http://lh.rdcpix.com/190b07b345543ee44f2c3e91510de68dl-f4170847564r.jpg) --- **MLS#:** 26029954 | **Updated:** 2026-10-29 **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/406-s-16th-street-murray-ky-42071-0e9965baaa9a4c2f8b41f04d23c62e7a) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/406-s-16th-street-murray-ky-42071-0e9965baaa9a4c2f8b41f04d23c62e7a#listing", "url": "https://www.propertysimple.ai/listing/406-s-16th-street-murray-ky-42071-0e9965baaa9a4c2f8b41f04d23c62e7a", "name": "406 S 16th Street, Murray, KY 42071", "description": "Investment opportunity within walking distance of Murray State University! This well-maintained duplex features two bedrooms and one bathroom on each side and is already bringing in $2,200 per month total, with tenants paying their own utilities. 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You're within walking distance of Murray State University, Murray Elementary School, and the Arboretum, while also being just minutes from the hospital, shopping, restaurants, and everything else Murray has to offer. With $2,200 in current monthly rental income, tenants paying utilities, additional garage income potential, and a highly convenient location, you're hard-pressed to find a rental property for sale already performing close to the 1% mark. 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