$429,000

240 E Main St Mount Vernon, KY 40456

$5,094
Closing credit¹
0.3 acres
Multi-Family

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.Central heat and air, 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 journey.

Highlights

Home typeMulti Family
HeatingHeat Pump
StatusActive
CoolingHeat Pump
Lot size0.35 Acres
Year built1976
Parking11 - 20 Spaces, Paved, On Site
MLS #25000510

Summary

  • MLS Number: 25000510
  • Office Name: WEICHERT REALTORS - Ford Brothers
  • Office Phone: (859) 353-4446
  • Office Email: Richmond@FordBrothersInc.com

IDX 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: 3/15/2025, 12:55:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$429,000

240 E Main St

$5,094

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Jan 10, 2018
Home Sold
$150,000

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $21,000. Typical income of Mount Vernon, KY residents is less than $<35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

69%
<35k
30%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

44%
Single, No Kids
15%
Single, with Kids
25%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
7%
12-17 yrs old
23%
18-34 yrs old
39%
35-64 yrs old
16%
65+ yrs old

What do the neighbors do for fun?

  • Monster TrucksMonster Trucks
  • NASCARNASCAR
  • HuntingHunting

Where do the neighbors shop?

  • Wal-MartWal-Mart
  • Dollar GeneralDollar General
  • Academy Sports & OutdoorsAcademy Sports & Outdoors

Where do the neighbors go to eat?

  • Hardee'sHardee's
  • Jimmy JohnsJimmy Johns
  • ApplebeesApplebees

What do the neighbors drive?

  • ChevroletChevrolet
  • GMCGMC
  • RamRam

What do the neighbors listen to?

  • CountryCountry
  • Classic CountryClassic Country
  • New CountryNew Country
All data provided by Home Junction and Claritas

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 $429,000.

Over 1 listings were sold over their listed price in February 2025 in Mount Vernon, KY. In the same period over 5 listings were sold below the listed price and 0 listings were sold for the listed price. The number of listings in Mount Vernon, KY remained the same between January and February 2025. In February 2025 median list price was $198,500 and the average listing age was 58 days.

From Rocket Homes Real Estate and based on county public records data.

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