240 E Main St Mount Vernon, KY 40456
Property details
About 240 E Main St
Prime Rental Investment Opportunity in the Heart of Mount VernonLooking for a lucrative investment in a prime location? This 5-unit apartment complex being completely rented and located on Main Street in the heart of Mount Vernon is a rare find!Property Features:3 Units: 1 Bedroom, 1 Bath 1 Unit: 2 Bedrooms, 1 Bath1 Unit: 3 Bedrooms, 1 BathFull basement currently rented, with potential to convert into a large apartment or office space for added income.Updated Central heat and air units, plus City water and sewer services provide convenience and reliability.A large, completely fenced-in backyard, perfect for tenants seeking outdoor space.A spacious blacktop parking lot offers ample parking for all residents. Prime Location:Situated on Main Street, this property is in the heart of town, offering tenants easy access to local shops, restaurants, and amenities. This desirable location ensures low vacancy rates and steady rental income.With its versatility, prime location, and untapped potential in the basement, this property is a fantastic opportunity for seasoned investors or those just starting their real estate journ
Highlights
Summary
- Parking: 11 - 20 Spaces, Paved, On Site
- Heating: Heat Pump
- Cooling: Heat Pump
- List Price: $399,000
- Annual Tax Amount: $1,241
- Tax Year: 2023
- Directions: From Mt. Vernon: Take Main Street to the property on the left. Located across the Street from the Court House.
- Year Built: 1976
- Lot Size: 0.35 Acres
- MLS Number: 25000510
- Office Name: WEICHERT REALTORS - Ford Brothers
- Office Phone: (859) 353-4446
- Office Email: Richmond@FordBrothersInc.com
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/23/2025, 12:55:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$399,000
240 E Main St
$4,738
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 10, 2018 | Home Sold | $150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $150,000 | $1,241 |
| 2022 | $150,000 | $1,231 |
| 2021 | $150,000 | $1,240 |
| 2019 | $150,000 | $1,231 |
| 2018 | $150,000 | $1,227 |
History based on county public records data.
Nearby schools
2
Mt. Vernon Elementary School
Public District PK-5
0.5 mi
•530 Williams St
4
Brodhead Elementary School
Public District PK-5
5.8 mi
•27 School St
4
Roundstone Elementary School
Public District PK-5
6.2 mi
•6701 N Wilderness Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $21,000. Residents of Mount Vernon, KY typically earn less than $<35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Monster Trucks
NASCAR
Hunting
Where do the neighbors shop?
Wal-Mart
Dollar General
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Chevrolet
GMC
Ram
What do the neighbors listen to?
Country- Classic Country
New Country
Frequently asked questions
About 240 E Main St
The listing price of 240 E Main St property is $399,000.
The property 240 E Main St is a multi located in Mount Vernon, Kentucky, 40456.
Active Listing: 240 E Main St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 240 E Main St are: Mt. Vernon Elementary School (GreatSchools Rating 2/10), Brodhead Elementary School (GreatSchools Rating 4/10), Roundstone Elementary School (GreatSchools Rating 4/10), Rockcastle County Middle School (GreatSchools Rating 4/10), Berea Community Middle School (GreatSchools Rating 5/10), Foley Middle School (GreatSchools Rating 8/10), Rockcastle County High School (GreatSchools Rating 4/10), Berea Community High School (GreatSchools Rating 4/10), Madison Southern High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $1,241 (source: MLS/based on county public records data).
The last sale was on January 10, 2018 for $150,000 (source: MLS/tax record).
The year of construction for 240 E Main St is 1976.
This home is located at 240 E Main St in Mount Vernon, KY and zip code 40456. Features: 0 bathroom. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $399,000.
In May 2025, from all listings sold in Mount Vernon, KY there were more than 1 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Mount Vernon, KY between April and May 2025 decreased by 14.3%. Listings spent 22 days on the market in May 2025, and had a median list price of $170,000 during the same period.