Income producing historic asset in the heart of downtown Nicholasville! The Metcalf Place holds rich history as the first house to be erected in the establishing of the town of Nicholasville in the late 1700s. This now cash flowing triplex at 209 South 1st Street offers an excellent chance to start or expand your investment portfolio. All three units are currently occupied by month-to-month tenants - who would like to remain in place, providing immediate rental income with future flexibility for the next owner. Electric billed separately for each unit. Professionally managed for the past two years, the property has been consistently maintained and presents a solid foundation for an investor looking to add value. Gross rents total $2725 monthly. Whether you're looking for a long-term hold, value-add project, or addition to an existing rental portfolio, this downtown location offers a consistent rental base due to convenience to shopping, dining, parks, and major commuter routes. Don't miss this chance to own a cash-flowing multifamily property with immediate income, upside potential, and attractive pricing. Inspections welcome, property being sold "AS IS." Cash & conventional offers preferred. Listing agent has familial relationship with personal representative of the estate.
For sale
$224,900
209 S 1st St, Nicholasville, KY 40356
3beds
2,941sqft
Triplex
Built in 1791
-- sqft lot
$-- Zestimate®
$76/sqft
$-- HOA
What's special
- 45 days
- 1,517
- 78
Zillow last checked:
Listing updated:
Listed by:
Randi Mjos 859-539-4940,
Building The Bluegrass Realty
Source: Imagine MLS,MLS#: 26018793
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Heat Pump
Cooling
- Heat Pump
Interior area
- Total structure area: 2,941
- Total interior livable area: 2,941 sqft
Property
Lot
- Size: 10,175 Square Feet
- Dimensions: 90 x 100
Details
- Parcel number: 0582016010.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- Year built: 1791
Community & HOA
Community
- Subdivision: Downtown
Location
- Region: Nicholasville
Financial & listing details
- Price per square foot: $76/sqft
- Tax assessed value: $120,000
- Annual tax amount: $1,256
- Date on market: 8/4/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,404/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/4/2026 | Listed for sale | $224,900$76/sqft |
Source: | ||
| 7/26/2026 | Contingent | $224,900$76/sqft |
Source: | ||
| 7/20/2026 | Listed for sale | $224,900+87.4%$76/sqft |
Source: | ||
| 6/8/2018 | Sold | $120,000-7.3%$41/sqft |
Source: | ||
| 5/22/2018 | Pending sale | $129,500$44/sqft |
Source: Charles Collins Real Estate #1809923 Report a problem | ||
| 5/9/2018 | Listed for sale | $129,500$44/sqft |
Source: Charles Collins Real Estate #1809923 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,256 -0.5% | $120,000 |
| 2024 | $1,262 -1.2% | $120,000 |
| 2023 | $1,278 | $120,000 |
| 2022 | $1,278 -0.2% | $120,000 |
| 2021 | $1,280 +473.5% | $120,000 |
| 2020 | $223 | $120,000 |
| 2019 | $223 +9.1% | $120,000 +9.1% |
| 2018 | $205 | $110,000 |
| 2017 | $205 -81.5% | $110,000 |
| 2016 | $1,109 | $110,000 |
| 2015 | $1,109 | $110,000 |
| 2014 | $1,109 | $110,000 |
| 2013 | -- | $110,000 |
| 2012 | -- | $110,000 |
| 2011 | -- | $110,000 |
| 2010 | -- | $110,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 40356
Nearby schools
Schools provided by the listing agent
- Elementary: Nicholasville
- Middle: West Jessamine Middle School
- High: West Jess HS
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.









