3-Unit Residential
For Sale
$265,000
215 S Main Street, Nicholasville, KY 40356
Residential Income, Nicholasville, KY
Property Size1,960 SF
Lot Size0.24 Acres
Price / SF$135.20
Days on Market8
Property Features for 215 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
B-1
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 3
Parking
3
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
stay on Main Street downtown Nicholasville
Standard status
Active
APN
058-20-22-004.00
Size
1,960 SF
Lot size
0.24 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric, Window Unit(s)
Building Details
Roof type
Shingle
Listing Agency:
LexHomes Real Estate
(859) 539-4663
Listed By:
Brad Harmon
(859) 539-0176
Added: Oct 30
Changed: Nov 4
Last Checked: Nov 6 at 5:06AM
MLS# 26030475
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.
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Investment Insights
Based on property information with market context.
At 215 S Main Street in Nicholasville, this three-unit residential property contains 1,960 square feet on a 0.24-acre lot. The room schedule identifies four bedrooms and three bathrooms. The building has a shingle roof, natural gas heating, and electric window-unit cooling.
Key Highlights
- Three residential units at 215 S Main Street in Nicholasville
- 1,960 square feet of building area
- 0.24‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,722
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,440
$334.4K
Cap Rate 7%
$238,886
$238.9K
Cap Rate 9%
$185,800
$185.8K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$24.9K $12.72/SF
− Vacancy
−$1.0K −$0.53/SF
EGI
$23.9K $12.19/SF
− OpEx
−$7.2K −$3.66/SF
NOI
$16.7K $8.53/SF
Area
Jessamine County, KY
Vacancy
4.18%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,440
Cap Rate 7%
$238,886
Cap Rate 9%
$185,800
Alternative Uses
Best Use
Multifamily LT 5
$238.9K
$209.0K – $278.7K
NOI $16,722 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$213.8K
$187.1K – $249.4K
NOI $14,964 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$496.7K
$434.7K – $579.5K
NOI $34,772 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The property has B-1 zoning, natural gas heat, and electric window-unit cooling.
Where is this triplex located?
The property is located at 215 S Main Street Nicholasville, KY.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Three residential units at 215 S Main Street in Nicholasville; 1,960 square feet of building area; 0.24‑acre lot
