Duplex with Detached Two-Bay
New
For Sale
$225,000
406 S 16th St, Murray, KY 42071
Each residence has two bedrooms, one bathroom, in-unit laundry, and tenant-paid utilities.
Property Size1,680 SF
Price / SF$133.93
Days on Market2
Property Features for 406 S 16th St
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$26,400
Tenant in Place
Yes
Amenities
washer/dryer
garage
Building Details
Year Built
1960
Buildings
2
Listing Agency:
Turn Key Realty Group
Listed By:
Lake Cumberland Real Estate Professional
(606) 677-0059
Source:
Lakecumberlandky
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 2:16PM
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 Turn Key Realty Group
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Investment Insights
Based on property information with market context.
This 1,680-square-foot duplex, built in 1960, contains two units with two bedrooms and one bathroom apiece. Washers, dryers, and attached appliances are included in both residences. A detached two-bay garage sits behind the building, with parking also available for the units.
Both the duplex and garage received new roofs in 2020. Mini-split systems were installed in each unit in 2024, and the property also has fiberglass shower surrounds and updated vinyl windows. Murray State University, Murray Elementary School, and the Arboretum are within walking distance. The hospital, shopping, and restaurants are described as a short drive away.
Both the duplex and garage received new roofs in 2020. Mini-split systems were installed in each unit in 2024, and the property also has fiberglass shower surrounds and updated vinyl windows. Murray State University, Murray Elementary School, and the Arboretum are within walking distance. The hospital, shopping, and restaurants are described as a short drive away.
Key Highlights
- Two‑unit duplex with 1,680 square feet; each unit has 2 bedrooms and 1 bathroom
- Detached two‑bay garage and parking for both units
- New roofs on the duplex and garage in 2020
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
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Business Placement
Demographics for 42071, KY
29,703
Population
14,174
Households
2.1
Avg Household Size
35
Median Age
35%
College-Educated
92%
High-School Grad
209.0 sq mi
ZIP Area
142
Density / Sq Mi
$48,976
Median Household Income
$29,805
Median Earnings
$841
Median Rent
$188,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one bathroom, in-unit laundry, and tenant-paid utilities.
Where is this duplex located?
The property is located at 406 S 16th St Murray, KY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,680 square feet; each unit has 2 bedrooms and 1 bathroom; Detached two‑bay garage and parking for both units; New roofs on the duplex and garage in 2020
