Tenant-In-Place
130 E Broadway Street Winchester, KY 40391
130 E Broadway Street, Winchester, KY, 40391
$235,000
For Sale
$235,000
MULTI_FAMILY - Winchester, KY
Property Size2,445 SF
Lot Size0.17 Acres
Price / SF$96.11
Days on Market132
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, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 2, 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
Listing Agency
Mayca Property Solutions
(859) 667-3436
271 W Short St Ste 804, Lexington, KY
Listed by
Sarah May · License #283971
(859) 667-3436
Added: Mar 7 Checked: Jul 17 at 5:06 am
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.
Investment Insights
Based on property information with market context.
This is a turnkey triplex offered for sale as-is, with three units already rented. The property includes two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. According to the seller, two units have been recently updated, while the third unit has a long-term tenant. Tenants pay all utilities directly except water, which is billed using a RUB (Ratio Utility Billing) system.
Located at 130 E Broadway Street in Winchester, Kentucky, the triplex is positioned in downtown Winchester and is intended to fit investors seeking an income-producing residential asset in a walkable, established area.
With a mix of unit sizes, the building can appeal to a range of renters, from 1-bedroom households to tenants looking for an additional bedroom. The existing tenant occupancy and the RUB water billing structure may help simplify day-to-day operating costs. The property is being sold as-is, making it a straightforward option for buyers and investors looking to take over an operating rental portfolio.
Located at 130 E Broadway Street in Winchester, Kentucky, the triplex is positioned in downtown Winchester and is intended to fit investors seeking an income-producing residential asset in a walkable, established area.
With a mix of unit sizes, the building can appeal to a range of renters, from 1-bedroom households to tenants looking for an additional bedroom. The existing tenant occupancy and the RUB water billing structure may help simplify day-to-day operating costs. The property is being sold as-is, making it a straightforward option for buyers and investors looking to take over an operating rental portfolio.
Key Highlights
- Downtown triplex built in 1940 with one 2BD/1BA unit and two 1BD/1BA units
- Two units recently updated; third unit has a long‑term tenant and offers future value‑add potential
- Tenants pay all utilities directly except water, which is on a RUB system
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
NOI $20,860 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$266.7K
$233.3K – $311.1K
NOI $18,667 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$619.7K
$542.2K – $722.9K
NOI $43,376 @ 7.0% cap · market cap 18.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three rental units with tenant income already in place, including utility billing handled by tenants except water.
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 $235,000.
What are key features of this property?
This property features: Downtown triplex built in 1940 with one 2BD/1BA unit and two 1BD/1BA units; Two units recently updated; third unit has a long‑term tenant and offers future value‑add potential; Tenants pay all utilities directly except water, which is on a RUB system
