Winchester Multifamily and Office
2 N Main Street, Winchester, KY 40391
MULTI_FAMILY - Winchester, KY
Property size:
26,124 SFLot size:
0.22 AcresPrice / SF:
$60/SF- Added:
- Aug 9, 2025
- Days on Market:
- 280
- Last Refresh:
- May 15 at 12:06 am
Property Features for 2 N Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 37
- Bathrooms
- 20
- Rooms
- Bedroom 11, Bedroom 20, Bedroom 9, Bedroom 15, Bathroom 2, Bathroom 15, Bathroom 20, Bathroom 9, Bathroom 13, Bedroom 23, Bedroom 37, Bedroom 33, Bathroom 14, Bedroom 19, Bedroom 30, Bathroom 10, Bedroom 27, Bathroom 18, Bedroom 29, Bathroom 4, Bedroom 10, Bedroom 25, Bedroom 26, Bedroom 36, Bedroom 7, Bedroom 12, Bedroom 6, Bathroom 19, Bathroom 5, Bathroom 16, Bedroom 21, Bathroom 1, Bedroom 34, Bathroom 11, Bedroom 13, Bedroom 1, Bedroom 16, Bedroom 22, Bedroom 8, Bathroom 8, Bathroom 7, Bedroom 35, Bathroom 6, Bedroom 28, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 18, Bathroom 12, Bedroom 3, Bedroom 17, Bedroom 24, Bedroom 31, Bedroom 14, Bedroom 32, Bedroom 2, Bathroom 17
- Standard status
- Active
- APN
- 054-3209-018-020
- Size
- 26,124 SF
- Lot size
- 0.22 Acres
Building Details
- Floors in Building
- 4
- Number of units
- 20
Listing agent Blanca Cheung (859) 913-3150
Listing office Tsubaki Group, LLC 1118 Hancock Lane, Lexington, KY (859) 913-3150
Listing date Aug 9, 2025
MLS# 25017572
Listing URL
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HighLights
- Significant CAPEX investments in 2022 & 2024, including facade transformation and full restoration.
- Strong income potential: Current $168,000 annual rent with a $4,000/month upside, exceeding the 1% rule.
- 20 income‑producing units: 18 LIHTC apartments and 2 renovated ground‑floor offices.
- Located in the Kerr Building, the largest downtown historical landmark, with structural repairs and new roofing.
- Turn‑key and stabilized property in a thriving downtown Winchester location.
- Additional space at 4‑10 Main Street provides opportunity for tenant improvements and increased cash flow.
Overview
This property, identified as the largest downtown historical landmark, underwent significant capital improvements in 2022 and 2024, including facade transformation, full restoration, and renovation. It currently generates $168,000 in annual rent with a potential upside of $4,000 per month. The Kerr Building features structural repairs, a new roof, brick tuck-pointing, secure key-fob entrances, central HVAC, modern kitchens, updated bathrooms, and new flooring. The property comprises 18 LIHTC apartments and 2 renovated ground-floor offices, totaling 20 income-producing units. Additional space at 4-10 Main Street provides an opportunity for tenant improvements and increased cash flow. Located in downtown Winchester, the property is positioned within a thriving area. The building has a total size of 26,124 square feet and is situated on a 0.22-acre lot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Rifle City Records
Music Venue
Bluegrass Budokai
Training Center
High Speed Collectibles ...
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Winchester
- County
- Clark
- State
- Kentucky
- Longitude
- -84.177087
- Latitude
- 37.99382
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Historical landmark with 18 apartments and 2 offices.
Where is this apartment building located?
The property is located at 2 N Main Street Winchester, KY.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Significant CAPEX investments in 2022 & 2024, including facade transformation and full restoration.; Strong income potential: Current $168,000 annual rent with a $4,000/month upside, exceeding the 1% rule.; 20 income‑producing units: 18 LIHTC apartments and 2 renovated ground‑floor offices.
