Gail Popovitz

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Listing provided courtesy of Firefly Realty & Investments- MLS# 26014582MLS Provider

508 & 506 Platt DriveNicholasville, KY 40356

Multi-Family · 4 Beds · 2 Full Baths · 2 Half Baths · 3,192 Sq. ft. | 0.16 Acres
$400,000 Pending

508 & 506 Platt Drive Overview

Time on Site:
7 days
Visits:
0

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.

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508 & 506 Platt Drive Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,192
  • Price/Sq.ft. $125
  • Lot 0.16 Acres

Details

General

School Information

  • Elementary School: Red Oak
  • Middle Or Junior School: East Jessamine Middle School
  • High School: East Jess HS

Income/Expenses

  • Gross Income: 28800.0

Building Information

  • Year Built: 2002

Location/Region

  • County Or Parish: Jessamine
  • MLS Area Major: 009 - Jessamine County
  • MLS Area Minor: 009 - Jessamine County
  • Subdivision Name: Orchard

General Information

  • Parcel Number: 057-30-13-001.00 and 057-30-13-002.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 2
  • Bathrooms Total: 4
  • Bedrooms Total: 4

Building Interior

  • Building Area Total: 3192.0

General Information

  • Laundry Features: Electric Dryer Hookup,Washer Hookup
  • Living Area: 3192.0
  • Living Area Source: Public Records
  • Stories Total: 2

Exterior

Parking Information

  • Parking Features: On Site,Paved,Open
  • Parking Total: 2.0

Lot Information

  • Lot Size Acres: 0.1607
  • Lot Size Area: 0.16
  • Lot Size Square Feet: 7000.0
  • Lot Size Units: Acres
  • Number Of Buildings: 2

Building Exterior/Construction

  • Attached Garage: false
  • Roof: Dimensional Style,Shingle
  • Structure Type: Duplex,Other

General Information

  • Number Of Units Total: 2
  • Number Of Units Vacant: 0
  • Utilities: Electricity Connected,Underground Utilities

508 & 506 Platt Drive Neighborhood

Community

40356 (Nicholasville) Demographics

39
Median Age
313
Population Density (per sq. mile)
37%
College Educated
$63,870
Estimated Median Income
11,173
Estimated Total Home Owners
5,060
Estimated Total Renters
69% / 31%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

508 & 506 Platt Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

508 & 506 Platt Drive Market Data

Based on the last 30 days in this zip code

$528,000
Average List Price
$208
Average Price per Square Foot
63
Properties Sold
94
Average Days on Market
347
Properties for Sale
Calculations provided by Reliance Network

508 & 506 Platt Drive History

Date Event Value Agent
6/28/2026Source: Imagine MLS/Bluegrass Status Change
Pending
6/22/2026Source: Imagine MLS/Bluegrass Added to Database
June 22, 2026