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About This Home
This 4-bedroom, 3-bathroom residential multi family at 508 & 506 Platt Drive in Nicholasville, KY is listed for $400,000 ($125 per sqft). Built in 2002, the home offers 3,192 sqft of living space on a 0.16 acres lot.
Ready to buy your first investment property? Here's a great opportunity to live in one side of these 2 adjoining townhomes and rent out the other! Or, add these updated income-producing properties to your investment portfolio. The units are deeded separately, but they share a roof & a fence, making them a better package deal than to be sold separately.
Beginning July 1, both tenants will be paying $1,200/month. The tenant in 508 Platt is planning to move out in September, so there is an opportunity to raise that rent to current fair market rates or, move into that side, with instant income from 506.
The tenant in 506 has lived there for 8-10 yrs & would like to stay. The owner used to live in one of the units & has taken great care of the properties since converting them to rentals. Almost everything in each unit has been updated in the last 10 years, including new Trex deck boards in 2025; The roof (shared), water heaters & 506 HVAC were replaced in 2018; The 508 HVAC was replaced in 2017; New luxury vinyl flooring in 2015 (506) and 2018 (508). 48 hours notice required to show. Selling as is. Inspections welcome.
Key Features
- Built in 2002
- 0.16 acre lot
- 2 stories
- 2 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$2,139/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
508 & 506 Platt Drive
Nicholasville, KY 40356
Orchard
Property Details
Parking
Heating
Cooling
Questions & Answers
This 4-bedroom, 3-bathroom residential multi family at 508 & 506 Platt Drive is listed at $400,000 ($125/sqft). The estimated monthly payment is $1,733 based on 20% down at 6.5% interest.
Key features include: Built in 2002, 0.16 acre lot, 2 stories, 2 parking spaces.
This property is listed by Shevawn Akers and can be reached at (859) 536-1575 or shevawn@fireflyrealty.net.


