Movoto Real Estate
Sold on 04/21/2026

240 E Main St, Mount Vernon, KY 40456

$348,000

Last sold 04/21/2026 after 211 Days

  • 8

    bed

  • 5

    bath

  • 5,317

    Sqft ($65/Sqft)

Multi-family not for sale

About 240 E Main St

Property type Multi-family
Year built 1976
HOA fee $0/month
Lot size 0.35 Acre
Property description
Prime Rental Investment Opportunity in the Heart of Mount Vernon Looking 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 consists of 1 Bedroom, 1 Bath 1 Unit consists of 2 Bedrooms, 1 Bath 1 Unit offers 3 Bedrooms, 1 Bath A Full basement, 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
Listed by
Listing Agent - M Matthew Silcox
Listing Office - WEICHERT REALTORS - Ford Brothers
Source: Imagine MLS mls logo
MLS#25501961 • last updated 5 months ago
Movoto checked Imagine MLS for data 59 minutes ago
Overview
Cooling/AC Heat Pump
Heating Heat Pump
Levels/Style Multi Family
MLS # 25501961
Status Closed
SubType Apartment
SqFt 5317
Lot Size (SqFt) 15246
Lot Size (Acres) 0.35
Year Built 1976
Interior
Total # of Bathrooms 5
# of Full Baths 5
Total # of Bedrooms 8
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Roof Shingle
Parking On Site, Paved
Location
Subdivision Downtown
Elementary School Mt. Vernon
Middle School Rockcastle Co
High School District Rockcastle County - 22
High School Rockcastle Co
Directions From Mt. Vernon: Take Main Street To The Property On The Left. Located Across The Street From The Court House.
APN 046W-07-009
Multifamily Details
Total # of Units 5
  • Apr 2026
    mls logo MLS # 25501961
  • Apr 22, 2026 Sold
    $348,000 (-13.0%)
  • Mar 13, 2026 Pending
    —
  • Sep 22, 2025 Listed
    $399,900 (+0.2%)
  • Apr 2025
    mls logo MLS # 25000510
  • Apr 18, 2025 Price Change
    $399,000 (-7.0%)
  • Feb 13, 2025 Price Change
    $429,000 (-14.0%)
  • Jan 10, 2025 Listed
    $499,000 (+53.5%)
  • Sep 2023
    mls logo MLS # 23014473
  • Sep 28, 2023 Sold
    $325,000
  • Sep 1, 2023 Pending
    —
  • Jul 31, 2023 Listed
    $350,000 (+133.3%)
  • Sep 2023
    Public Records
  • Sep 28, 2023 Sold
    $325,000 (-7.1%)
  • Jan 2018
    Public Records
  • Jan 10, 2018 Sold
    $150,000
  • Year Property taxes Tax assessment
  • 2025
    $2,767 +4.0%
    $340,000 +4.62%
  • 2024
    $2,661 +114.3%
    $325,000 +116.67%
  • 2023
    $1,242 +0.8%
    $150,000
  • 2022
    $1,232 -0.7%
    $150,000
  • 2021
    $1,241 +0.1%
    $150,000
  • 2020
    $1,240
    $150,000
  • 240 E Main St
    $348K
  • —
  • 40456
    $259K -3% y/y
  • Mount Vernon
    $262K -3% y/y
No chart available
Statistics calculated by Movoto

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4/10
Source: GreatSchools.org © 2026. All rights reserved.

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