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    Downtown Triplex Income Property Title is generated by Realmo AI

    130 E Broadway Street, Winchester, KY 40391

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    Claim this Listing
    For Sale
    $250,000

    MULTI_FAMILY - Winchester, KY

    Property size:
    2,445 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $102/SF
    Added:
    Mar 7, 2026
    Days on Market:
    101
    Last Refresh:
    Jun 16 at 3:06 pm

    Property Features for 130 E Broadway Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Laundry Room
    Parking features
    Open
    Standard status
    Active
    APN
    054-3229-003-00
    Size
    2,445 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Zoned
    Cooling system
    Multi Units, Zoned, Central Air

    Building Details

    Year built
    1940
    Floors in Building
    2
    Number of units
    3
    Roof type
    Shingle

    We can help!

    Listing Contact
    Sarah May
    Sarah May

    Listing agent Sarah May License #283971

    Listing office Mayca Property Solutions 271 W Short St Ste 804, Lexington, KY

    Listing date Mar 7, 2026

    MLS# 26004331 Listing URL

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Downtown triplex with tenants already in place (two 1BD/1BA units and one 2BD/1BA unit)
    • Year built 1940 triplex with shingle roof and zoned heating
    • Central air with zoned cooling and multi‑unit cooling system
    • Tenants pay all utilities directly except water, which is on a RUB system
    • Parking available as open parking

    Overview

    This turnkey triplex contains two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. The property is being sold as-is and includes tenants already in place. According to the provided remarks, two of the units have been recently updated, while the third is occupied by a long-term tenant.

    The triplex is located at 130 E Broadway Street in Winchester, Kentucky, in downtown Clark County. The lot size is listed as 0.17 acres and the total property size is 2,445 square feet.

    For investors or buyers looking for an income-generating residential property, the current tenant arrangement may support immediate occupancy. Tenants pay all utilities directly except water, which is on a RUB system, which can help keep water-related operating costs controlled. Water is handled via the RUB structure while other utilities are paid by tenants, aligning operating expenses with tenant usage.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $31.1k $12.72
    − Vacancy −$1.3k −$0.53
    EGI $29.8k $12.19
    − OpEx −$8.9k −$3.66
    NOI $20.9k $8.53
    2,445 SF · lease $12.72/SF/yr · vacancy 4.18% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $298.0K
    $260.8K – $347.7K (±1% cap)
    NOI $20,860 @ 7.0% cap · market cap 8.34%
    Second Best
    Apartment 5plus
    $266.7K
    $233.3K – $311.1K (±1% cap)
    NOI $18,667 @ 7.0% cap · market cap 7.47%
    Theoretical Best
    Office A
    $619.7K
    $542.2K – $722.9K (±1% cap)
    NOI $43,376 @ 7.0% cap · market cap 17.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.174065
    Latitude
    37.992457

    FAQs

    What type of property is this?
    Triplex - Turnkey triplex with two updated units and a third unit occupied by a long-term tenant.
    Where is this triplex located?
    The property is located at 130 E Broadway Street Winchester, KY.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Downtown triplex with tenants already in place (two 1BD/1BA units and one 2BD/1BA unit); Year built 1940 triplex with shingle roof and zoned heating; Central air with zoned cooling and multi‑unit cooling system
    More about this property
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