406 S 16th Street, Murray, KY 42071
New Listing
$225,000
Property Type:
Residential Income
Bedrooms:
4
Baths:
2
Square Footage:
1,680
Lot Size (sq. ft.):
17,424
Status:
Active
Current Price:
$225,000
List Date:
10/29/2026
Last Modified:
10/29/2026
Listing Details MLS# 26029954
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Duplex
Status Change Information
- Status Change Timestamp
- 2026-10-29
Address
- County
- Calloway
- Street Number
- 406
- Street Direction Prefix
- S
- Street Name
- 16th
- Street Suffix
- Street
- State
- KY
- Zip Code
- 42071
- Zip +4
- 2268
- Inside City Limits YN
- Yes
- Directions
- Starting at the 12th St/641 and Main St/94 W intersection in Murray, head West down Main St/94 W until you get to the light on 16th St. Make a left onto 16th St, travel for roughly .3 miles, and the duplex is on your right.
- Parcel Number
- 002-0-0010-00002
- Deed Book
- 1475
- Deed Page
- 80
Contract
- Original List Price
- 225000
- Start Showing Date
- 2026-10-29
- Listing Contract Date
- 2026-10-28
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- WILLIAM GRANT FRIDY & KRISTEN L FRIDY
- Occupant Type
- Occupied
- Office Exclusive YN
- No
- List Price/Acre
- 562500
- List Price/SqFt
- 133.93
Tax Legal
- MLS Area Major
- 114 - Calloway County
- Subdivision Name
- None
- High School District
- Murray Independent
Interior
- Bedrooms Total
- 4
- Bathrooms Total
- 2
- Bathrooms Full
- 2
- Living Area
- 1680
- Living Area Source
- Public Records
More Information
Building
- Year Built
- 1960
- Stories Total
- Yes
- Accessibility Features YN
- No
Lot
- Lot Size Acres
- 0.4
- Lot Size Square Feet
- 17424
- Lot Size Dimensions
- 80x200
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
Remarks
- Public Remarks
- Investment opportunity within walking distance of Murray State University! This well-maintained duplex features two bedrooms and one bathroom on each side and is already bringing in $2,200 per month total, with tenants paying their own utilities. Opportunities to purchase an income-producing property in this location don't come around often! Each unit includes a washer and dryer that will convey, along with all attached appliances. Several important updates have already been taken care of, including a new roof on both the duplex and detached garage in 2020, mini-split systems installed in both units in 2024, new fiberglass shower surrounds in both bathrooms, and updated vinyl windows throughout. The property also offers plenty of parking for both units, plus a detached two-bay garage in the backyard that's in great condition. Keep it for your own storage and eliminate that monthly storage rental fee, or explore the potential to rent the garage bays to tenants for additional monthly income! The location is hard to beat. You're within walking distance of Murray State University, Murray Elementary School, and the Arboretum, while also being just minutes from the hospital, shopping, restaurants, and everything else Murray has to offer. With $2,200 in current monthly rental income, tenants paying utilities, additional garage income potential, and a highly convenient location, you're hard-pressed to find a rental property for sale already performing close to the 1% mark. Don't let this one pass you by!
- AI Enhanced or Modified Images
- Virtual Enhancements
Building and Property Details
- Age of Roof
- 2020
Income and Expenses
- Total Actual Rent
- 2200
Property Features
Utilities:
Electricity Available; Sewer Available; Water Available; Electricity Available; Sewer Available; Water Available
Association Amenities:
None
Association Fee Includes:
None
Cooling:
Other
Heating:
Electric; Other
Laundry Features:
Electric Dryer Hookup; Main Level; Washer Hookup
Parking Features:
Covered; Enclosed; Gravel; On Site; Open
Possession:
Close Of Escrow; Rental Agreement
Roof:
Dimensional Style; Shingle
Structure Type:
Duplex
Showing Requirements:
Call Listing Agent; CBS Code; Showing Service
Lead Based Paint Disclosure ›
Listing Office:
Keller Williams Experience - Murray
Last Updated: October - 29 - 2026
Information deemed reliable but not guaranteed.