323 High Street, Richmond, KY 40475 (MLS# 25503107)

323 High Street, Richmond, KY 40475

$3,450,000

View of 323 High st and two four plexes in back, 6 apartment complex next door.

Property Type: Residential Income Bedrooms: 8 Baths: 5 Square Footage: 4,648 Lot Size (sq. ft.): 18,295 Status: Closed

Current Price: $3,450,000 List Date: 10/07/2025 Last Modified: 4/13/2026

Overview

Description

This is an opportunity for an investor that comes once in a lifetime! Looking for a 1031 exchange? Stop and look here!! 26 Units are available that are in a highly sought out area for rentals. Fully rented with the exception of one rental that will be filled shortly. Beautiful, historic late 1800's early 1900's homes (6 total) that have been used for rentals. Many video tours are attached of the other units, please see video tours. This listing displays 323 High st, the largest of the units. Some of these homes have had a basement apartment added and a few can still have this addition made. Newer apartment (6 unit) and two four plexes ,one triplex building included. These are fast to rent and located in walking distance to EKU, downtown and conveniently located between two I-75 off ramps that are in close proximity. These rental homes also have opportunity for expansion! The rentals included in this sale include 315 High st with 4 bedrooms and a back deck that was completed a year and ... (Read more) This is an opportunity for an investor that comes once in a lifetime! Looking for a 1031 exchange? Stop and look here!! 26 Units are available that are in a highly sought out area for rentals. Fully rented with the exception of one rental that will be filled shortly. Beautiful, historic late 1800's early 1900's homes (6 total) that have been used for rentals. Many video tours are attached of the other units, please see video tours. This listing displays 323 High st, the largest of the units. Some of these homes have had a basement apartment added and a few can still have this addition made. Newer apartment (6 unit) and two four plexes ,one triplex building included. These are fast to rent and located in walking distance to EKU, downtown and conveniently located between two I-75 off ramps that are in close proximity. These rental homes also have opportunity for expansion! The rentals included in this sale include 315 High st with 4 bedrooms and a back deck that was completed a year and a half ago (this home has opportunity to expand an apartment underneath the home and a building for rentals can be placed in rear of home). 323 & 327 High st are on the same lot with 323 High st including a very large 6 bedroom home with a back deck, lower 2 bed 2 bath apartment that is rented separate with a separate entrance and back covered patio. 327 High st has a four-plex with four two bedroom two full bath apartments and each unit has a small back yard area or patio. 331 High st is a large 5 bedroom home with a back deck and a 2 bed apartment below that has a covered patio. 335 High st is a large 5 bedroom house with a large back patio, large rooms and a 1 bedroom 1 bath apartment. Behind this house is also a garage that is included with misc doors, windows and other parts usable for rental repairs inside. 337 High st is a fourplex with 4 two bedroom, 2 full bath apartments. Two of those apartments have backyard space. Large parking area in between 323 and 331 high st and the two four-plexes. 335 High st is a 5 bedroom with a back deck and a 1 bedroom apartment below. 337 High st is a six unit apartment building with two three bedroom 2 full bath apartments (one is fully furnished) and 4 two bedroom 1 full bath apartments. All of those units have a back patio and there is a paved parking area in front of the apartment building. 351 High st is a large 5 bedroom home with a back deck and a large yard behind it that may have possibilities for a building to be added behind it and an apartment underneath it. There is off street gravel parking behind this home. 441 Oak st is a 4 bedroom home with a basement, deck was built approx 3 years ago, off street asphalt parking and garage behind the home. 433 Oak st has two four bedroom three full bath units and one three bedroom two full bath unit with a large deck and patio in back. Numerous improvements on these buildings including 3 of the buildings have had new roofs in the last three years, multiple newer HVAC units and improvements. Owner is licensed real estate agent and can answer questions regarding property.

Listing Details MLS# 25503107

Listing Information

Comp Sale YN: No
Property Sub Type: Apartment

Status Change Information

Status Change Timestamp: 2026-03-14
Purchase Contract Date: 2026-01-26
Close Date: 2026-03-13
Close Price: 3450000
Buyer Financing: Conventional
Sale Type: Arms Length Sale

Address

County: Madison
Street Number: 323
Street Name: High
Street Suffix: Street
State: KY
Zip Code: 40475
Directions: I-75 South, exit 90A 25 South and 421 South. Follow exit around to right turn for .8 miles, turn right on to the 25 Lexington Rd in 1.3 miles. Turn Right on to Lancaster Dr followed by a right turn on Breck Ave. Follow street and it turns into High street. Properties will be along High St on left and if you continue the properties on Oak st will be on left.
Parcel Number: R006-0009-0034

Contract

Original List Price: 3800000
Start Showing Date: 2025-10-07
Listing Contract Date: 2025-10-06
Listing Agreement: Exclusive Right To Sell
Owner Name: Colonel Home Rentals
Owner Phone: 8596199970
Occupant Type: Tenant
Office Exclusive YN: No
List Price/Acre: 9047619.05
List Price/SqFt: 817.56
Sold Price/Acre: 8214285.71
Sold Price/SqFt: 742.25
SP/LP: 0.91

Tax Legal

MLS Area Major: 008 - Madison County
Subdivision Name: Downtown
High School District: Madison County - 8

Interior

Bedrooms Total: 8
Bathrooms Total: 5
Bathrooms Full: 5
Living Area: 4648
Bathrooms Half: 0

More Information

Building

Year Built: 1900
Stories Total: 4
Accessibility Features YN: No

Lot

Lot Size Acres: 0.42
Lot Size Square Feet: 18295.2

Utilities

Cooling YN: Yes
Heating YN: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Remarks

Public Remarks: This is an opportunity for an investor that comes once in a lifetime! Looking for a 1031 exchange? Stop and look here!! 26 Units are available that are in a highly sought out area for rentals. Fully rented with the exception of one rental that will be filled shortly. Beautiful, historic late 1800's early 1900's homes (6 total) that have been used for rentals. Many video tours are attached of the other units, please see video tours. This listing displays 323 High st, the largest of the units. Some of these homes have had a basement apartment added and a few can still have this addition made. Newer apartment (6 unit) and two four plexes ,one triplex building included. These are fast to rent and located in walking distance to EKU, downtown and conveniently located between two I-75 off ramps that are in close proximity. These rental homes also have opportunity for expansion! The rentals included in this sale include 315 High st with 4 bedrooms and a back deck that was completed a year and a half ago (this home has opportunity to expand an apartment underneath the home and a building for rentals can be placed in rear of home). 323 & 327 High st are on the same lot with 323 High st including a very large 6 bedroom home with a back deck, lower 2 bed 2 bath apartment that is rented separate with a separate entrance and back covered patio. 327 High st has a four-plex with four two bedroom two full bath apartments and each unit has a small back yard area or patio. 331 High st is a large 5 bedroom home with a back deck and a 2 bed apartment below that has a covered patio. 335 High st is a large 5 bedroom house with a large back patio, large rooms and a 1 bedroom 1 bath apartment. Behind this house is also a garage that is included with misc doors, windows and other parts usable for rental repairs inside. 337 High st is a fourplex with 4 two bedroom, 2 full bath apartments. Two of those apartments have backyard space. Large parking area in between 323 and 331 high st and the two four-plexes. 335 High st is a 5 bedroom with a back deck and a 1 bedroom apartment below. 337 High st is a six unit apartment building with two three bedroom 2 full bath apartments (one is fully furnished) and 4 two bedroom 1 full bath apartments. All of those units have a back patio and there is a paved parking area in front of the apartment building. 351 High st is a large 5 bedroom home with a back deck and a large yard behind it that may have possibilities for a building to be added behind it and an apartment underneath it. There is off street gravel parking behind this home. 441 Oak st is a 4 bedroom home with a basement, deck was built approx 3 years ago, off street asphalt parking and garage behind the home. 433 Oak st has two four bedroom three full bath units and one three bedroom two full bath unit with a large deck and patio in back. Numerous improvements on these buildings including 3 of the buildings have had new roofs in the last three years, multiple newer HVAC units and improvements. Owner is licensed real estate agent and can answer questions regarding property.

Building and Property Details

Building Expansion Potential YN: Yes
Age of Roof: 3

Showing Information

Showing Instructions: Contact listing agent/also owner

Tax & Legal

Elementary School: Kit Carson
Middle Or Junior School: Madison Mid
High School: Madison Central
Tax Rate: 0.0107
Zoning: Other
Zoning Description: R-3

Association/Community

Number Of Buildings: 10
Number Of Units Total: 26

Cooling

Central Air: Yes
Electric: Yes
Heat Pump: Yes
Multi Units: Yes

Heating

Electric: Yes
Forced Air: Yes
Heat Pump: Yes

Laundry Features

Electric Dryer Hookup: Yes

Parking Features

On Site: Yes
Paved: Yes
Other: Yes

Possession

Close Of Escrow: Yes

Roof

Shingle: Yes

Structure Type

Duplex: Yes
Multi Family: Yes
Quadruplex: Yes
Triplex: Yes
Other: Yes

Showing Requirements

Call Listing Agent: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Central Air; Electric; Heat Pump; Multi Units Heating: Electric; Forced Air; Heat Pump Laundry Features: Electric Dryer Hookup Parking Features: On Site; Paved; Other Possession: Close Of Escrow Roof: Shingle Structure Type: Duplex; Multi Family; Quadruplex; Triplex; Other Showing Requirements: Call Listing Agent

Listing Office: Rock N' Realty LLC

Last Updated: April - 13 - 2026

Information deemed reliable but not guaranteed.