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Updated Triplex with Expansion Potential

175 S Main Street, Whitley City, KY 42653

For Sale
$275,000

Residential Income, Whitley City, KY

Property Size1,600 SF
Lot Size0.25 Acres
Price / SF$171.88
Days on Market319

Property Features for 175 S Main Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning description No Zoning
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 3, Laundry Room, Bedroom 1, Bedroom 3, Bathroom 2
Subdivision Rural
Middle school McCreary County
High school McCreary County
Elementary school district McCreary County - 69
Middle school district McCreary County - 69
High school district McCreary County - 69
Directions From Hwy 27 onto Hwy 1651. Property located on the corner of Hwy 1651 and West Williamsburg Street.
Standard status Active
APN 120-20-12-001.00
Size 1,600 SF
Lot size 0.25 Acres

Additional Details

Tenant in Place Yes

Utilities

Cooling system Multi Units

Building Details

Year built 1946
Floors in Building 1
Number of units 3
Roof type Metal
Listing Agency: Wright Realty
Listed By: Rita Wright · License KY #188947
Added: Dec 27, 2025 Changed: Oct 31 Last Checked: Nov 10 at 2:06AM
MLS# 25508507

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Investment Insights

Based on property information with market context.

This 1,600-square-foot triplex, built in 1946, has undergone interior and exterior updates and contains three rental units. The two lower-level units each offer two bedrooms and one bathroom, while the upper-level unit includes one bedroom and one bathroom. A metal roof serves the building, and all three units are leased. The upper level also has space where a fourth unit could be completed, while the basement may support the addition of two more units.

The property sits on 0.25 acres at 175 S Main Street in Whitley City, Kentucky. Restaurants, shopping, the library, and the courthouse are within walking distance. Municipal water and sewer serve the property.

Key Highlights

  • Three leased rental units with two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
  • 1,600 square feet on a 0.25‑acre lot
  • Updated interior and exterior; building constructed in 1946

Property Analytics

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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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Updated three-unit property with leased units, city water and sewer, and walkable access to town services.
Where is this triplex located?
The property is located at 175 S Main Street 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 with two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; 1,600 square feet on a 0.25‑acre lot; Updated interior and exterior; building constructed in 1946
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