272 Douglas Avenue, Versailles, KY 40383

Local realty services provided by:CENTURY 21 Simpson & Associates
272 Douglas Avenue,Versailles, KY 40383
$200,000
  • 3 Beds
  • 3 Baths
  • 2,472 sq. ft.
  • Multi-family
  • Active
Listed by: the prather team - michael prather
Office: keller williams bluegrass realty
MLS#:25505421
Source:KY_LBAR

Price summary

  • Price:$200,000
  • Price per sq. ft.:$80.91

About this home

Investor-Ready Triplex: Immediate Cashflow Opportunity in Downtown Versailles! A rare and profitable investment awaits in the heart of charming Downtown Versailles. This triplex is 100% occupied, offering the discerning investor immediate, stabilized cashflow from day one—no leasing costs or vacancy risk. Tenants benefit from a prime, highly walkable location, granting instant access to all of Downtown's unique amenities, dining, and shopping. Exceptional connectivity is ensured with the proximity to the Versailles Bypass, providing seamless travel via Frankfort Road and Lexington Road. Crucially, the rental rates have not been adjusted since the current owner purchased property, presenting a clear and immediate value-add opportunity for the next owner to maximize returns to current market standards. All leases are on month-to-month tenancy; $850/mo per unit are believed are the current market rents for the unit. A refined asset in a desirable, historic locale.

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Home facts

  • Year built:1960
  • Listing ID #:25505421
  • Added:30 day(s) ago
  • Updated:November 15, 2025 at 05:47 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:2,472 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Baseboard, Electric, Natural Gas

Structure and exterior

  • Year built:1960
  • Building area:2,472 sq. ft.
  • Lot area:0.03 Acres

Schools

  • High school:Woodford Co
  • Middle school:Woodford Co
  • Elementary school:Southside

Finances and disclosures

  • Price:$200,000
  • Price per sq. ft.:$80.91
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