Brick Triplex with Commercial
For Sale
$340,000
502 W Lexington Avenue, Winchester, KY 40391
Residential Income, Winchester, KY
Property Size4,798 SF
Lot Size0.18 Acres
Price / SF$70.86
Days on Market142
Property Features for 502 W Lexington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
B-3
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 5
Parking
16
Subdivision
Downtown
Elementary school
Justice
Middle school
Robert Campbell
High school
GRC
Elementary school district
Clark County - 7
Middle school district
Clark County - 7
High school district
Clark County - 7
Directions
Corner of Lexington Avenue and Hayes Street
Standard status
Active
APN
054-1014-003-00
Size
4,798 SF
Lot size
0.18 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Amenities
laundry hook-ups
basement storage
freight elevator
Building Details
Floors in Building
2
Number of units
3
Roof type
Flat
Listing Agency:
Kentucky Residential Real Estate, LLC
(859) 229-5974
Listed By:
Jason Townsend
(859) 771-0532
Added: May 8
Changed: Sep 12
Last Checked: Sep 26 at 12:06AM
MLS# 26010324
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.
Investment Insights
Based on property information with market context.
This 4,798-square-foot brick triplex combines a main-level commercial space with two second-level apartments. Each apartment includes two bedrooms and one bath, while the commercial area provides three half baths. Laundry hookups serve all three units, and a basement with a freight elevator adds storage capacity.
The property occupies 0.18 acres at 502 W Lexington Avenue in Winchester, Kentucky, with approximately 16 parking spaces. Improvements include two new HVAC units and a new roof within the last 2 years. One apartment has been remodeled, while the other offers additional improvement potential. Natural gas heating and electric cooling are in place.
The property occupies 0.18 acres at 502 W Lexington Avenue in Winchester, Kentucky, with approximately 16 parking spaces. Improvements include two new HVAC units and a new roof within the last 2 years. One apartment has been remodeled, while the other offers additional improvement potential. Natural gas heating and electric cooling are in place.
Key Highlights
- 4,798‑square‑foot brick triplex with main‑level commercial space and two upper‑level apartments
- Lexington Avenue frontage with approximately 16 parking spaces
- Two apartments, each with 2 bedrooms and 1 bath
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Explore this area
Business Placement
Demographics for 40391, KY
36,461
Population
16,125
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
90%
High-School Grad
237.3 sq mi
ZIP Area
154
Density / Sq Mi
$67,910
Median Household Income
$40,323
Median Earnings
$884
Median Rent
$197,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Mixed-use property with Lexington Avenue frontage, two upstairs apartments, and a flexible commercial area on the main level.
Where is this triplex located?
The property is located at 502 W Lexington Avenue Winchester, KY.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 4,798‑square‑foot brick triplex with main‑level commercial space and two upper‑level apartments; Lexington Avenue frontage with approximately 16 parking spaces; Two apartments, each with 2 bedrooms and 1 bath
