214 & 216 S Walnut St Cynthiana, KY 41031
Estimated payment $2,252/month
About This Home
Located in the heart of downtown Cynthiana, this multi-use property offers both commercial and residential income potential. The first floor features a bar and restaurant that is currently owner-operated, with recent updates including new kitchen appliances. The business is being sold with inventory included, providing a seamless transition for the next owner.
Upstairs, the property includes three residential rental units, offering steady income. Situated in a prime location, this building is within walking distance of local shops, restaurants, and community events. Whether you're looking for an investment property or a space to operate your own business, this opportunity provides both commercial and residential revenue streams.
For investors, lease the lower portion and easily hit the 1.2% rule.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $594
Lot Details
- 3,600 Sq Ft Lot
Interior Spaces
- 5,830 Sq Ft Home
- 2-Story Property
Schools
- Harrison Co Middle School
- Not Applicable Middle School
- Harrison Co High School
Utilities
- Heating System Uses Natural Gas
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 103-1026-013-00-000
Community Details
Overview
- 3 Units
- Commercial Subdivision
Building Details
- Gross Income $28,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $594 | $59,800 | $0 | $0 |
| 2023 | $594 | $59,800 | $0 | $0 |
| 2022 | $591 | $59,800 | $0 | $0 |
| 2021 | $591 | $59,800 | $0 | $0 |
| 2020 | $489 | $52,800 | $0 | $0 |
| 2019 | $489 | $52,800 | $0 | $0 |
| 2018 | $482 | $52,800 | $0 | $0 |
| 2017 | $478 | $52,800 | $0 | $0 |
| 2014 | -- | $120,000 | $0 | $0 |
| 2013 | -- | $120,000 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/12/2025 04/12/25 | Pending | -- | -- | -- |
| 04/03/2025 04/03/25 | Price Changed | $415,000 | -7.8% | $71 / Sq Ft |
| 03/01/2025 03/01/25 | For Sale | $450,000 | +125.0% | $77 / Sq Ft |
| 06/26/2024 06/26/24 | Sold | $200,000 | -12.7% | $36 / Sq Ft |
| 05/02/2024 05/02/24 | Pending | -- | -- | -- |
| 02/02/2024 02/02/24 | For Sale | $229,000 | -- | $41 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $200,000 | None Listed On Document | |
| Grant Deed | $52,800 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $170,000 | New Conventional |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25003712
APN: 103-1026-013-00-000
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