306 E Main St Glasgow, KY 42141
Estimated payment $1,539/month
About This Home
This turnkey 5-unit property, located in the heart of Glasgow, Kentucky, is an ideal opportunity for investors seeking reliable cash flow. The property features three studio apartments and two 1 bed/1 bath units, each equipped with its own electric mini-split system for efficient heating and cooling. The roof was replaced around 2020, and the landlord currently pays all utilities. Recent updates include two upgraded mini-split systems, new flooring in four units, and updated kitchen appliances in all five. Situated in a prime location, tenants enjoy close proximity to Glasgow’s local amenities, including shopping, dining, and essential services, making this a highly desirable rental option. With its strong income potential and minimal upfront work needed, this property is a great addition to any investment portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,916
Year Built
- Built in 1965
Lot Details
- 0.26 Acre Lot
Parking
- 4 Parking Spaces
Schools
- South Green Elementary School
- Glasgow Middle School
- Glasgow High School
Utilities
- Ductless Heating Or Cooling System
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number G1-44-4
Community Details
Overview
- 2 Buildings
- 5 Units
Building Details
- Gross Income $36,900
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 | $1,916 | $170,000 | $15,000 | $155,000 |
| 2023 | $1,931 | $170,000 | $15,000 | $155,000 |
| 2022 | $1,867 | $162,500 | $11,700 | $150,800 |
| 2021 | $1,932 | $162,500 | $11,700 | $150,800 |
| 2020 | $421 | $36,000 | $10,900 | $25,100 |
| 2019 | $418 | $36,000 | $10,900 | $25,100 |
| 2018 | $428 | $36,000 | $0 | $0 |
| 2017 | $421 | $35,200 | $10,100 | $25,100 |
| 2016 | $403 | $35,200 | $10,100 | $25,100 |
| 2015 | $403 | $35,200 | $10,100 | $25,100 |
| 2014 | -- | $35,200 | $10,100 | $25,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2025 04/25/25 | For Sale | $259,900 | +52.9% | -- |
| 12/30/2022 12/30/22 | Sold | $170,000 | -19.0% | $300 / Sq Ft |
| 12/02/2022 12/02/22 | Pending | -- | -- | -- |
| 11/16/2022 11/16/22 | For Sale | $210,000 | +29.2% | $370 / Sq Ft |
| 03/12/2021 03/12/21 | Sold | $162,500 | 0.0% | $287 / Sq Ft |
| 02/09/2021 02/09/21 | Off Market | $162,500 | -- | -- |
| 02/08/2021 02/08/21 | Pending | -- | -- | -- |
| 01/17/2021 01/17/21 | Off Market | $162,500 | -- | -- |
| 01/15/2021 01/15/21 | For Sale | $165,000 | +1.5% | $291 / Sq Ft |
| 01/14/2021 01/14/21 | Off Market | $162,500 | -- | -- |
| 01/13/2021 01/13/21 | For Sale | $165,000 | -- | $291 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $170,000 | Attorney Only | |
| Grant Deed | $162,500 | Attorney Only | |
| Deed | $35,200 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $136,000 | Construction |
Source: Real Estate Information Services (REALTOR® Association of Southern Kentucky)
MLS Number: RA20252235
APN: G1-44-4
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