Duplex with Detached Two-Bay
New
For Sale
$225,000
406 S 16th Street, Murray, KY 42071
Residential Income, Murray, KY
Property Size1,680 SF
Lot Size0.40 Acres
Price / SF$133.93
Days on Market4
Property Features for 406 S 16th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Laundry Room, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
Parking features
Open, Covered
Elementary school
Murray
Middle school
Murray
High school
Murray Independent
Elementary school district
Murray Independent
Middle school district
Murray Independent
High school district
Murray Independent
Directions
Starting at the 12th St/641 and Main St/94 W intersection in Murray, head West down Main St/94 W until you get to the light on 16th St. Make a left onto 16th St, travel for roughly .3 miles, and the duplex is on your right.
Subdivision
114 - Calloway County
Standard status
Active
APN
002-0-0010-00002
Size
1,680 SF
Lot size
0.40 Acres
Additional Details
Tenant in Place
Yes
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Experience - Murray · Keller Williams Realty
(270) 753-1492
Listed By:
Ashton Downey
(270) 713-9040
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 31 at 1:06AM
MLS# 26029954
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,680-square-foot duplex contains two residences, each with two bedrooms and one bathroom. Both units have mini-split systems installed in 2024, fiberglass shower surrounds, updated vinyl windows, and a washer and dryer that convey with attached appliances. The property was built in 1960 and occupies 0.4 acres. A detached two-bay garage and open and covered parking provide additional on-site space.
The duplex is within walking distance of Murray State University, Murray Elementary School, and the Arboretum. The hospital, shopping, and restaurants are also a short drive away.
Current combined rental income is $2,200 per month, and tenants pay their own utilities. The roof on both the duplex and detached garage was replaced in 2020. Water is available at the property.
The duplex is within walking distance of Murray State University, Murray Elementary School, and the Arboretum. The hospital, shopping, and restaurants are also a short drive away.
Current combined rental income is $2,200 per month, and tenants pay their own utilities. The roof on both the duplex and detached garage was replaced in 2020. Water is available at the property.
Key Highlights
- Duplex with two 2‑bedroom, 1‑bathroom residences
- 1,680 square feet on a 0.4‑acre lot
- Detached two‑bay garage, plus open and covered parking
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers two bedrooms, one bathroom, in-unit laundry, and appliances that transfer with the property.
Where is this duplex located?
The property is located at 406 S 16th Street 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: Duplex with two 2‑bedroom, 1‑bathroom residences; 1,680 square feet on a 0.4‑acre lot; Detached two‑bay garage, plus open and covered parking
