NOT LISTED FOR SALE

406 E Sixth St Lexington, KY 40508

William Wells Brown Neighborhood
2 Beds
2 Baths
1,822 Sq Ft
4,792 Sq Ft Lot

Last Sold August 30, 2024

Last sale price $235,000 $129 Per Sq Ft

131 Days on Market

About This Home

As of August 2024

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. New roof 2024.

Last Agent to Sell the Property

Han Fan

Nexian Realty Listed on: 02/15/2024

Last Buyer's Agent

Paul Hope

Plum Tree Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1,822 Sq Ft Home
  • 2-Story Property

Schools

  • William Wells Brown Elementary School
  • Lexington Trad Middle School
  • Frederick Douglass High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 15503900

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Triplex
  • Structure Type: Triplex
  • Year Built: 1959
  • New Construction: No
  • Roof:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • LivingArea: 1822.0
  • Lot Size Area: 0.11
  • Total Stories: 2

Exterior Features

  • Roof: Composition
  • List Price: 240000.0

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Electric, Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating:Forced Air: Yes

Schools

  • Elementary School: William Wells Brown
  • High School: Frederick Douglass
  • Middle or Junior School: Lexington Trad

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4792.0
  • Parcel Number: 15503900
  • Zoning Description: R-3

Multi Family

  • Number of Units Total: 3

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2024 08/30/24 Sold $235,000 -2.1% $129 / Sq Ft
06/26/2024 06/26/24 Pending -- -- --
05/22/2024 05/22/24 Price Changed $240,000 -2.0% $132 / Sq Ft
03/28/2024 03/28/24 Price Changed $245,000 -2.0% $134 / Sq Ft
02/15/2024 02/15/24 For Sale $250,000 +281.7% $137 / Sq Ft
10/01/2018 10/01/18 Sold $65,500 0.0% $65 / Sq Ft View Prior Sale
08/28/2018 08/28/18 Pending -- -- --
07/04/2018 07/04/18 For Sale $65,500 -- $65 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2024

    Han Fan

    Nexian Realty

  • P

    Buyer's Agent in 2024

    Paul Hope

    Plum Tree Realty

  • J

    Seller's Agent in 2018

    J Mark Wallace

    Keller Williams Bluegrass Realty

  • S

    Buyer's Agent in 2018

    Sherlene Combs

    Lifstyl Real Estate

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 24002522

ImagineMLS (Bluegrass REALTORS®)
Kentucky Fayette County Lexington 40508 William Wells Brown

406 E Sixth St, Lexington, KY

Not Listed for Sale

MultiFamily

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