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    23 1/2 Wheeler Ave Winchester, KY 40391

    Pending
    For Sale
    $375,000

    MULTI_FAMILY - Winchester, KY

    Property size:
    3,706 SF
    Lot size:
    0.49 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 23 1/2 Wheeler Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-1C
    Rooms
    Bedroom 6, Bathroom 4, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5, Laundry Room, Bedroom 8, Bedroom 4, Bathroom 1, Bedroom 2
    Bedrooms
    8
    Bathrooms
    4
    APN
    054-1034-030-00
    Parking
    8
    Parking features
    Open
    Size
    3,706 SF
    Lot size
    0.49 Acres

    Utilities

    Heating system
    Baseboard
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1942
    Floors in Building
    1
    Number of units
    4
    Roof type
    Shingle

    RE/MAX Creative Realty (859) 422-2000 [email protected]

    Listing agent Michelle R Blackburn (859) 422-2000

    Listing date Nov 28, 2025

    MLS# 25500496 Listing URL

    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

    Winchester Four-Plex Investment Opportunity

    This Winchester four-plex presents a prime investment opportunity. The property features four individual units, each containing 2 bedrooms and 1 bathroom, with approximately 900 sqft of living space. Each unit is equipped with washer/dryer hookups and kitchen appliances. Located in a quiet neighborhood, the property is steps from College Park and close to the Public Library and downtown Winchester. Alley access provides parking and a sense of privacy. The units feature wide hallways and mudroom entries, with varied layouts. One unit has been recently fully renovated with LVP flooring throughout, a stone fireplace, and a dishwasher. Other units offer partially covered parking or extra storage space. A double storage shed is located on-site. The property is situated on a 0.49-acre lot and has a total building size of 3706 square feet. The zoning is R-1C. This property offers steady income and long-term potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.186084
    Latitude
    37.990544

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    FAQs

    What type of property is this?
    Quadplex - Four 2-bedroom units near College Park, Winchester, KY.
    Where is this quadplex located?
    The property is located at 23 1/2 Wheeler Ave Winchester, KY.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Four 2-bedroom, 1-bath units offer a steady income stream as a 4-plex investment property.; - Each unit includes washer/dryer hookups and kitchen appliances.; - Convenient location near College Park, the Public Library, and downtown Winchester.
    (859) 422-2000
    Request Owner's contact information
    23 1/2 Wheeler Ave Winchester, KY 40391
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    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
    23 1/2 Wheeler Ave Winchester, KY 40391
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