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    311 Madison Pl Lexington, KY 40508

    Sponsored
    For Sale
    $648,900

    MULTI_FAMILY - Lexington, KY

    Property size:
    3,109 SF
    Lot size:
    0.14 Acres
    Days on Market:
    24
    Last Refresh:
    Jan 10 at 11:06 am

    Property Features for 311 Madison Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 5, Laundry Room, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2
    Bedrooms
    5
    Bathrooms
    3
    APN
    12494750
    Parking features
    Open
    Size
    3,109 SF
    Lot size
    0.14 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Natural Gas, Baseboard, Forced Air
    Cooling system
    Window Unit(s), Ceiling Fan(s), Attic Fan, Central Air, Electric, Multi Units

    Building Details

    Year built
    1895
    Floors in Building
    2
    Number of units
    3
    Roof type
    Shingle

    United Real Estate (859) 509-7598 [email protected]

    Listing agent Angie Fields (859) 278-7501

    Listing date Dec 18, 2025

    MLS# 25507796 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.

    Overview

    Historic Triplex in Woodward Heights

    This historic home, built in 1895 and located in the Woodward Heights Historic District, features 3 apartments within its 3,109 square feet. The property offers potential for use as an Airbnb or conversion back to a single-family home. Each apartment has a private entrance, kitchen, full bathroom, and living area. A common laundry room serves all units. Historic details include tall ceilings, original wood flooring and woodwork, and large windows. The property is located within walking distance of Rupp Arena, Gatton Park, downtown dining and shopping, the University of Kentucky, and Transylvania University. The backyard features brick paving suitable for outdoor relaxation or entertaining. Situated on a 0.1358-acre lot, this property offers potential as a rental operation or for personal use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HAVILAND ARGO Architect

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Clothing Store Daycare Center Building Supply Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.506915
    Latitude
    38.050277

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    FAQs

    What type of property is this?
    Triplex - Charming triplex near downtown Lexington with income potential.
    Where is this triplex located?
    The property is located at 311 Madison Pl Lexington, KY.
    What is the asking price?
    The asking price for this property is $648,900.
    What are key features of this property?
    This property features: - Historic 1895 home in the desirable Woodward Heights Historic District.; - Features three separate apartments, ideal for Airbnb, rental income, or multi-generational living.; - Prime location within walking distance to Rupp Arena, Gatton Park, downtown Lexington, University of Kentucky, and Transylvania University.
    (859) 278-7501
    Request Owner's contact information
    311 Madison Pl Lexington, KY 40508
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    Lexington, KY 40508
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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
    311 Madison Pl Lexington, KY 40508
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