240 E Main St, Mt Vernon, KY 40456

$348,000
8
BD
5
BA
5,317
SqFt

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Sold Price
$348,000
List Price
$399,900
Closing Date
Apr 21, 2026
MLS#
25501961
Status
CLOSED
Type
Multifamily
Subtype
Apartment
Bedrooms
8
Bathrooms
5
Full Baths
5
Living Area
5,317
Lot Size
15,246

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

Additional Information

Roof
Shingle
Elementary School
Mt. Vernon
Middle School
Rockcastle Co
High School
Rockcastle Co

How Much Is Your Home Worth?

If you’re thinking about selling your home in Laurel, Whitley, Knox, or Pulaski County, one of the first questions you’ll ask is: “What is my home worth?” At Prime Realty KY, we provide accurate, data-driven property valuations that reflect today’s Kentucky real estate market. Whether you own a family home in London, an investment property in Corbin, or land near Laurel Lake, our free valuation tool gives you a clear picture of your home’s true market value.

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Don’t wait for weeks to get answers—our online home valuation tool delivers an instant estimate of your property’s worth. Simply enter your address, and you’ll receive a personalized report based on recent sales, neighborhood trends, and local market activity. This quick, no-obligation valuation is the perfect first step if you’re planning to sell, refinance, or explore investment opportunities in southeastern Kentucky.

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Calculator source: Real Geeks

Listing courtesy of WEICHERT REALTORS - Ford Brothers. Selling Office: .