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272 Douglas Avenue, 
Versailles, KY 40383

$200,000


3

Beds


3

Baths


2,472

Sq Ft


Multi-Family

Active

Listed by

The Prather Team - Michael Prather

Keller Williams Bluegrass Realty

859-260-1444

Last updated:

November 13, 2025, 12:31 PM

MLS#

25505421

Source:

KY LBAR

About This Home

272 Douglas Avenue

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.

Home Facts

Multi-Family

3 Baths

3 Bedrooms

Built in 1960

Price Summary

200,000

$80 per Sq. Ft.

MLS #:

25505421

Last Updated:

November 13, 2025, 12:31 PM

Added:

10 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,472 Sq. Ft.


Structure

Structure

Building Area:

2,472 Sq. Ft.

Year Built:

1960


Lot

Lot Size (Sq. Ft):

1,200


Finances & Disclosures

Finances

Price:

$200,000

Price per Sq. Ft:

$80 per Sq. Ft.

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