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Triplex with Month-to-Month Tenancies
For Sale
$224,900

209 S 1st Street, Nicholasville, KY 40356

Residential Income, Nicholasville, KY

Property Size2,941 SF
Lot Size0.23 Acres
Price / SF$76.47
Days on Market97

Property Features for 209 S 1st Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2
Subdivision Downtown
Elementary school Nicholasville
Middle school West Jessamine Middle School
High school West Jess HS
Elementary school district Jessamine County - 9
Middle school district Jessamine County - 9
High school district Jessamine County - 9
Directions From Downtown Nicholasville (Main St & Oak St intersection), head south on South Main Street (US-27 Business) for approximately 0.2 miles. Turn left onto East Maple Street, then take the first right onto South 1st Street. Continue a short distance, and 209 S. 1st Street will be on your left.
Standard status Active
APN 058-20-16-010.00
Size 2,941 SF
Lot size 0.23 Acres

Utilities

Heating system Heat Pump (Heating)
Cooling system Heat Pump

Building Details

Year built 1791
Number of units 3
Listing Agency: Building The Bluegrass Realty
Listed By: Randi Mjos
Added: Jul 24 Changed: Oct 20 Last Checked: Oct 28 at 1:06AM
MLS# 26018793

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.

Rey
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Investment Insights

Based on property information with market context.

At 209 S 1st Street in Nicholasville, this triplex contains 2,941 square feet across three units on a 0.2336-acre lot. The property was built in 1791 and has heat pump heating and cooling. It is being sold as-is.

All three units are occupied by month-to-month tenants who would like to remain. Electricity is billed separately for each unit. The property has been professionally managed for the past two years.

Key Highlights

  • Three occupied units with month‑to‑month tenancies; tenants would like to remain
  • 2,941 square feet on a 0.2336‑acre lot
  • Electricity billed separately for each unit

Property Analytics

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Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

509
Businesses Nearby

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
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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 - Each of the three occupied units has a month-to-month tenancy, and the tenants wish to stay.
Where is this triplex located?
The property is located at 209 S 1st Street 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: Three occupied units with month‑to‑month tenancies; tenants would like to remain; 2,941 square feet on a 0.2336‑acre lot; Electricity billed separately for each unit
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