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Three-Unit Property with Carport
For Sale
$239,000
Pending

221 S Highland Street, Winchester, KY 40391

Residential Income, Winchester, KY

Property Size3,007 SF
Lot Size0.16 Acres
Days on Market96

Property Features for 221 S Highland Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning R-1C
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 3, Laundry Room, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking 5
Subdivision Downtown
High school GRC
Elementary school district Clark County - 7
Middle school district Clark County - 7
High school district Clark County - 7
Directions From 164 take the 627 downtown exit onto maple St. and go right towards downtown. Turn left onto Lexington ave then turn right onto s highland. House is on left after Hickman St
Standard status Pending
APN 054-3012-016-00
Size 3,007 SF
Lot size 0.16 Acres

Utilities

Heating system Floor Furnace, Baseboard, Electric (Heating)
Cooling system Window Unit(s), Electric

Building Details

Year built 1930
Floors in Building 2
Number of units 3
Roof type Shingle
Listing Agency: Marshall Lane Real Estate - Lexington
Listed By: Libby Vanmeter · License #263055
Added: Jul 2 Changed: Sep 16 Last Checked: Oct 5 at 4:06PM
MLS# 26015897

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 3,007-square-foot triplex contains three residential units arranged across the main, upper, and lower levels. The main-floor residence offers three bedrooms, one full bathroom, two living areas, an eat-in kitchen, and a laundry room. Upstairs are two bedrooms, one full bathroom, a living room, and an eat-in kitchen. The lower-level unit includes one bedroom, one full bathroom, a large living room, and an eat-in kitchen.

Built in 1930, the property sits on a 0.16-acre lot in Winchester near downtown. Rear parking is provided, along with a carport and a storage building. Heating includes floor furnace, electric, and baseboard systems; cooling is provided by window units and electric equipment. The property is zoned R-1C.

Key Highlights

  • 3,007 square feet across three residential units
  • Unit mix includes 3‑bedroom, 2‑bedroom, and 1‑bedroom residences
  • 0.16‑acre lot near downtown Winchester

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Spa & Massage Center Skin Care Clinic Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

613
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three separately configured residences include kitchens, living areas, laundry space, and rear parking with additional storage.
Where is this triplex located?
The property is located at 221 S Highland Street Winchester, KY.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 3,007 square feet across three residential units; Unit mix includes 3‑bedroom, 2‑bedroom, and 1‑bedroom residences; 0.16‑acre lot near downtown Winchester
More about this property
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