FOR SALE
Local Information
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Description
Explore a prime investment opportunity in the heart of downtown Lexington - an income - producing Tri-Plex with a long-term rental history and lucrative returns. Strategically located, this property features three upgraded units, offering residents comfort while ensuring a steady stream of income. With its prime location and strong rental market, this Income Producing Tri-Plex is an attractive addition to your real estate portfolio. Three units total and each unit has 1 bedroom and 1 bathroom. Buyer to Verify Sqft. One unit has 6 months left on lease, one other unit has 7 months left on lease and upstairs unit is vacant.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$134
Listed
72 days ago
Home Details for 406 E 6th St
Interior Features |
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Dimensions and Layout Living Area: 1822 Square Feet |
Appliances & Utilities Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available |
Heating & Cooling Heating: Electric,Forced Air,Natural GasHas HeatingHeating Fuel: Electric |
Levels, Entrance, & Accessibility Levels: Two |
Security Security: No Sprinklers |
Exterior Features |
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Exterior Home Features Roof: Composition |
Parking & Garage Parking: 1 - 5 Spaces |
Surface & Elevation Elevation Units: Feet |
Days on Market |
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Days on Market: 72 |
Property Information |
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Year Built Year Built: 1959 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: TriplexStructure Type: TriplexArchitecture: Triplex |
Property Information Parcel Number: 15503900 |
Price & Status |
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Price List Price: $245,000Price Per Sqft: $134 |
Status Change & Dates Possession Timing: Close Of Escrow |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: LexingtonCommunity: Downtown |
School Information Elementary School: William Wells BrownElementary School District: Fayette County - 1Jr High / Middle School: Lexington TradJr High / Middle School District: Fayette County - 1High School: Frederick DouglassHigh School District: Fayette County - 1 |
Agent Information |
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Listing Agent Listing ID: 24002522 |
Building |
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Building Area Building Area: 1822 Square Feet |
Lot Information |
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Lot Area: 4792 sqft |
Offer |
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Listing Terms: Sale |
Compensation |
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Buyer Agency Commission: 3.00Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 24002522 |
Last check for updates: about 9 hours ago
Listing courtesy of Han Fan, (859) 699-2858
Nexian Realty
Source: Bluegrass REALTORS®, MLS#24002522
Price History for 406 E 6th St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/28/2024 | $245,000 | PriceChange | Bluegrass REALTORS® #24002522 |
| 02/15/2024 | $250,000 | Listed For Sale | Bluegrass REALTORS® #24002522 |
| 10/01/2018 | $65,500 | Sold | Bluegrass REALTORS® #1815202 |
| 08/29/2018 | $68,900 | Pending | Agent Provided |
| 08/11/2018 | $68,900 | PriceChange | Agent Provided |
| 07/24/2018 | $72,000 | PriceChange | Agent Provided |
| 07/05/2018 | $78,000 | Listed For Sale | Agent Provided |
| 12/17/2009 | $49,800 | Sold | Bluegrass REALTORS® #921392 |
| 11/21/2009 | $51,900 | PriceChange | Agent Provided |
| 10/17/2009 | $55,900 | Listed For Sale | Agent Provided |
| 11/26/2003 | $72,500 | Sold | Bluegrass REALTORS® #304307 |
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Comparable Sales for 406 E 6th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.45 | Multi-Family Home | $300,000 | 05/22/23 | 5 | 2 | 2,350 | |
0.61 | Multi-Family Home | $400,000 | 06/12/23 | 3 | 3 | 2,594 | |
0.49 | Multi-Family Home | $780,000 | 10/13/23 | 4 | 4 | 4,783 | |
0.75 | Multi-Family Home | $380,000 | 04/09/24 | 4 | 2 | 2,155 | |
0.35 | Multi-Family Home | $190,000 | 08/21/23 | 5 | 3 | - | |
0.68 | Multi-Family Home | $540,000 | 11/03/23 | 10 | 9 | 4,476 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Duncan Park
- Trulia User
- Resident
- 2y ago
"West sixth is right down the street, the people that live on the block are very friendly. It’s a great sometimes quiet neighborhood "
- B.
- Resident
- 4y ago
"loud neighborhood. cars with bass play music at all hours and have no respect for neighbors. not safe. people throw trash on sidewalks and grass. robberies happen all the time. prostitution, drugs, not somewhere you want to live. only positive is there is a bus line. "
- Naomi S.
- Prev. Resident
- 4y ago
"I love the fact the store is around the corner and family live very close by and people are very friendly and quiet street"
- Matt W
- Resident
- 4y ago
"I either walk or drive, about a 10 minute walk or a 3 minute drive. There are main bus routes in the neighborhood though making it very easy to get downtown quickly. "
- Krn_allen
- Resident
- 5y ago
"The drug and prostitution problem. It’s really getting out of control. I hate when the children are getting out of school and they have to see a lot of the foolishness while walking home. "
- SamanthaLink7
- Resident
- 5y ago
"It’s close to downtown, and so there is plenty space to walk your dog. There is plenty sidewalk space to you don’t have to pick where you walk. In the summer the water fountains are running and the dogs love to play in them. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Han Fan, Nexian Realty
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
406 E 6th St, Lexington, KY 40508 is a studio, 1,822 sqft multi-family built in 1959. 406 E 6th St is located in Duncan Park, Lexington. This property is currently available for sale and was listed by Bluegrass REALTORS® on Feb 15, 2024. The MLS # for this home is MLS# 24002522.