502 W Lexington Avenue, Winchester, KY 40391

$360,000
Property Type: Residential Income Bedrooms: 4 Baths: 5 Square Footage: 4,798 Lot Size (sq. ft.): 7,841 Status: Active
Current Price: $360,000 List Date: 5/08/2026 Last Modified: 5/20/2026

Overview

Description

Investment opportunity in the heart of Winchester! Brick Triplex featuring a main level, high visibility commercial space with Lexington Avenue frontage and two apartments on the upper level! Each apartment has two bedrooms, one bath. One unit has been recently remodeled, the other has potential for value add. The flexible commercial space contains 3 half baths. Laundry hook-ups in all 3 units! Basement for extra storage room with freight elevator. Two new HVAC units and a new roof within the last 2 years! Approximately 16 parking spaces. All 3 units are currently occupied.

Listing Details MLS# 26010324

Listing Information

Comp Sale YN
No
Property Sub Type
Triplex

Status Change Information

Status Change Timestamp
2026-05-08

Address

County
Clark
Street Number
502
Street Direction Prefix
W
Street Name
Lexington
Street Suffix
Avenue
State
KY
Zip Code
40391
Directions
Corner of Lexington Avenue and Hayes Street
Parcel Number
054-1014-003-00

Contract

Original List Price
360000
Start Showing Date
2026-05-08
Listing Contract Date
2026-05-08
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
2000000
List Price/SqFt
75.03

Tax Legal

MLS Area Major
007 - Clark County
Subdivision Name
Downtown
High School District
Clark County - 7

Interior

Bedrooms Total
4
Bathrooms Total
5
Bathrooms Full
2
Bathrooms Half
3
Living Area
4798
Living Area Source
Listing Agent Measured

More Information

Parking Information

Parking Total
16

Building

Year Built
9999
Stories Total
2
Accessibility Features YN
No

Lot

Lot Size Acres
0.18
Lot Size Square Feet
7841

Utilities

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

Remarks

Public Remarks
Investment opportunity in the heart of Winchester! Brick Triplex featuring a main level, high visibility commercial space with Lexington Avenue frontage and two apartments on the upper level! Each apartment has two bedrooms, one bath. One unit has been recently remodeled, the other has potential for value add. The flexible commercial space contains 3 half baths. Laundry hook-ups in all 3 units! Basement for extra storage room with freight elevator. Two new HVAC units and a new roof within the last 2 years! Approximately 16 parking spaces. All 3 units are currently occupied.

Building and Property Details

Building Expansion Potential YN
No
Age of Roof
Yes

Income and Expenses

Gross Income
3425
Total Actual Rent
3425
Utilities Expense
0

Showing Information

Showing Instructions
Contact listing agent to organize showings.

Tax & Legal

Elementary School
Justice
Middle Or Junior School
Robert Campbell
High School
GRC
Tax Rate
0.123
Zoning
Other
Zoning Description
B-3

Association/Community

Number Of Buildings
1
Number Of Units Total
3

Cooling

Electric
Yes

Heating

Natural Gas
Yes

Parking Features

On Site
Yes
Paved
Yes

Possession

Close Of Escrow
Yes
Subject To Tenant Rights
Yes

Roof

Flat
Yes

Structure Type

Triplex
Yes

Showing Requirements

Call Listing Agent
Yes
Listing Agent Must Accompany
Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Cooling: Electric Heating: Natural Gas Parking Features: On Site; Paved Possession: Close Of Escrow; Subject To Tenant Rights Roof: Flat Structure Type: Triplex Showing Requirements: Call Listing Agent; Listing Agent Must Accompany
Listing Office: Kentucky Residential Real Estate, LLC
Last Updated: May - 20 - 2026
Information deemed reliable but not guaranteed.