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    2 N Main St Winchester, KY 40391

    For Sale
    $1,595,000

    MULTI_FAMILY - Winchester, KY

    Property size:
    26,124 SF
    Lot size:
    0.22 Acres
    Days on Market:
    91
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 2 N Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 33, Bathroom 7, Bedroom 23, Bedroom 24, Bedroom 28, Bedroom 11, Bathroom 14, Bathroom 19, Bedroom 16, Bedroom 7, Bedroom 9, Bedroom 35, Bathroom 8, Bedroom 20, Bedroom 31, Bedroom 15, Bedroom 30, Bathroom 11, Bedroom 37, Bedroom 13, Bathroom 9, Bedroom 1, Bedroom 8, Bathroom 12, Bedroom 27, Bedroom 19, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 25, Bathroom 1, Bathroom 13, Bathroom 18, Bathroom 4, Bedroom 5, Bedroom 17, Bedroom 34, Bathroom 3, Bathroom 6, Bathroom 10, Bathroom 20, Bedroom 36, Bedroom 6, Bathroom 2, Bathroom 5, Bathroom 17, Bedroom 14, Bedroom 26, Bedroom 32, Bathroom 16, Bedroom 22, Bedroom 29, Bathroom 15, Bedroom 10, Bedroom 18, Bedroom 12, Bedroom 21
    Bedrooms
    37
    APN
    054-3209-018-020
    Size
    26,124 SF
    Lot size
    0.22 Acres

    Building Details

    Floors in Building
    4
    Number of units
    20

    Tsubaki Group, LLC (859) 913-3150

    Listing agent Blanca Cheung (859) 913-3150

    Listing date Sep 12, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historical Landmark Multifamily and Office

    This property, identified as the largest downtown historical landmark, features 18 Low-Income Housing Tax Credit (LIHTC) apartments and 2 renovated ground-floor offices, totaling 20 income-producing units. The building has undergone significant capital improvements in 2022 and 2024, including a facade transformation with full restoration and renovation. Structural repairs, new roofing, and brick tuck-pointing have been completed. The units feature secure key-fob entrances, central HVAC, modern kitchens, updated baths, and new flooring. Currently grossing $168,000 annually, there is a potential upside of $4,000 per month. Additional space at 4-10 Main Street provides an opportunity for tenant improvements and increased cash flow. The property is located in downtown Winchester and comprises approximately 26,124 square feet on a 0.22-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rifle City Records Music Management And Promotion Bluegrass Budokai Martial Arts School High Speed Collectibles ... Hobby Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.177087
    Latitude
    37.99382

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    FAQs

    What type of property is this?
    Apartment building - Downtown Winchester investment property with multifamily and office income potential.
    Where is this apartment building located?
    The property is located at 2 N Main St Winchester, KY.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: - High Income Potential: Grosses $168,000 annually with a $4,000/month upside, exceeding the 1% rule.; - Significant Recent Renovations: Major CAPEX investments in 2022 & 2024, including facade transformation and full restoration.; - Turn-Key & Stabilized: Ready for immediate operation in a thriving downtown Winchester location.
    (859) 913-3150
    Request Owner's contact information
    2 N Main St Winchester, KY 40391
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 N Main St Winchester, KY 40391
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