Historic Three-Unit
For Sale
$224,900
209 S 1st St, Nicholasville, KY 40356
Occupied month-to-month units provide operational flexibility and immediate rental income.
Property Size2,941 SF
Price / SF$76.47
Days on Market49
Property Features for 209 S 1st St
General Information
Standard status
Active
Size
2,941 SF
Property subtype
Multi-Family
Building Details
Year Built
1791
Listing Agency:
Building The Bluegrass Realty
Listed By:
Randi Mjos · License #20708
(859) 539-4940
Source:
Meliarealty
Added: Jul 30
Changed: Sep 12
Last Checked: Sep 15 at 9:03PM
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 Building The Bluegrass Realty
Investment Insights
Based on property information with market context.
The Metcalf Place is a historic triplex at 209 South 1st Street in downtown Nicholasville, with 2,941 square feet across three occupied units. The property is identified as the first house erected during the establishment of Nicholasville in the late 1700s. Each unit is leased month-to-month, and the current tenants would like to remain in place.
The property has been professionally managed for the past two years and consistently maintained. Tenants pay water and electric, with those utilities billed separately for each unit. The building could benefit from TLC and cosmetic updates, while the downtown setting places it near shopping, dining, parks, and major commuter routes. The property is being sold AS IS.
The property has been professionally managed for the past two years and consistently maintained. Tenants pay water and electric, with those utilities billed separately for each unit. The building could benefit from TLC and cosmetic updates, while the downtown setting places it near shopping, dining, parks, and major commuter routes. The property is being sold AS IS.
Key Highlights
- 2,941‑square‑foot historic triplex with three units
- First house erected during the establishment of Nicholasville in the late 1700s
- All three units occupied by month‑to‑month tenants who would like to remain
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Occupied month-to-month units provide operational flexibility and immediate rental income.
Where is this triplex located?
The property is located at 209 S 1st St Nicholasville, KY.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2,941‑square‑foot historic triplex with three units; First house erected during the establishment of Nicholasville in the late 1700s; All three units occupied by month‑to‑month tenants who would like to remain
