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Updated Triplex with Expansion Potential
For Sale
$275,000

175 S Main St, Whitley City, KY 42653

Three leased units with refreshed interiors and exteriors, city utilities, and walkable access to local services.

Property Size1,600 SF
Price / SF$171.88
Days on Market18

Property Features for 175 S Main St

General Information

Standard status Active
Size 1,600 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Additional Details

Utilities to Site Yes

Building Details

Year Built 1946
Buildings 1
Listing Agency: Wright Realty
Listed By: Rita Wright · License #212432
Source: Reliance1realty
Added: Aug 12 Changed: Aug 28 Last Checked: Aug 28 at 10:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wright Realty

Investment Insights

Based on property information with market context.

This 1,600-square-foot triplex has updated interior and exterior finishes and includes three new rental units. The two lower-level residences each contain two bedrooms and one bathroom, while the upper-level unit offers one bedroom and one bathroom. All three units are leased. An additional upper-level unit could be completed, and the basement may accommodate two more units, subject to applicable requirements.

The property is located in Whitley City, with restaurants, shopping, the library, and the courthouse within walking distance. City water and city sewer serve the building, providing established municipal utility service for the existing residences.

Key Highlights

  • Three leased rental units in an updated triplex
  • Two downstairs units with 2 bedrooms and 1 bath each
  • Upstairs residence includes 1 bedroom and 1 bath

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Plumbing Service Big Box & Wholesale Store Storage Facility Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

225
Businesses Nearby

Demographics for 42653, KY

4,201
Population
1,728
Households
2.4
Avg Household Size
39
Median Age
8%
College-Educated
79%
High-School Grad
81.2 sq mi
ZIP Area
52
Density / Sq Mi
$45,841
Median Household Income
$31,294
Median Earnings
$830
Median Rent
$104,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three leased units with refreshed interiors and exteriors, city utilities, and walkable access to local services.
Where is this triplex located?
The property is located at 175 S Main St Whitley City, KY.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three leased rental units in an updated triplex; Two downstairs units with 2 bedrooms and 1 bath each; Upstairs residence includes 1 bedroom and 1 bath
More about this property
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