$200,000

272 Douglas Avenue, Versailles, KY 40383

  • 3 beds |
  • 3 baths |
  • 2,472 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon1,198sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $81/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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.

Listing Status:
Active
Date Added:
November 13, 2025 at 06:00AM
Listing Office:
Keller Williams Bluegrass Realty : 859-260-1444
MLS ID:
25505421
  • Laundry: Electric Dryer HookupMain Level
  • A/C: Window Unit(s)
  • Heating: BaseboardElectricNatural Gas
  • Parking: On SitePavedParking spaces: 3
  • Roofing: Shingle
  • Originating MLS: Imagine MLS (Bluegrass REALTORS®)
  • School District: Woodford County - 10
  • County: Woodford
  • Zoning: 30-5015-013-00
  • Utilities: Electricity ConnectedNatural Gas AvailableSewer Connected
  • Source: Imagine MLS (Bluegrass REALTORS®)

This listing courtesy of Keller Williams Bluegrass Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Southside Elementary School

1300 Troy Pike, Versailles, KY, 40383

Grades PK-5

1.35 miles away

W

Woodford County Middle School

100 School House Rd, Versailles, KY, 40383

Grades 6-8

1.56 miles away

W

Woodford County High School

180 Frankfort St, Versailles, KY, 40383

Grades 9-12

0.60 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.