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Fully Leased Fourplex

23 Wheeler Avenue Winchester, KY 40391

Claim this Listing
For Sale
$389,900

MULTI_FAMILY - Winchester, KY

Property size:
4,687 SF
Lot size:
0.23 Acres
Price / SF:
$83/SF
Added:
May 22, 2026
Days on Market:
52
Last Refresh:
Jul 12 at 6:06 pm

Property Features for 23 Wheeler Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1C
Bedrooms
8
Bathrooms
5
Rooms
Bathroom 3, Bedroom 5, Bedroom 2, Bathroom 5, Bedroom 6, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 8, Bedroom 3, Bathroom 2
Parking features
Covered
Standard status
Active
APN
054-1034-031-00
Size
4,687 SF
Lot size
0.23 Acres

Utilities

Heating system
Baseboard, Natural Gas, Electric (Heating), Forced Air
Cooling system
Electric, Window Unit(s)

Building Details

Year built
1940
Floors in Building
2
Roof type
Shingle

Listing agent Alexander L Heister

Listing office Keller Williams Bluegrass Realty 854 E High St., Lexington, KY

Listing date May 22, 2026

MLS# 26011905 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 property is a fully leased fourplex with multiple long-term tenants. Tenants pay their own utilities, providing straightforward operating structure for an owner. The offering is presented as an income-producing residential asset currently generating gross rents of $3,110 per month, and showings require advance coordination.

The fourplex is located in Winchester, Kentucky, on Wheeler Avenue. The property sits across from a park and is described as having plenty of parking, which can be beneficial for resident access and day-to-day convenience.

For buyers seeking a turnkey, occupied multifamily option, the key consideration here is that the building is already fully leased with tenants in place. Because of tenant occupancy, allow 48 hours to notify tenants for showings. To schedule a viewing, prospective buyers will need to provide proof of funds or a lender pre-approval letter. The property is zoned R-1C and includes a 0.23-acre lot with 4,687 square feet of building size.

Key Highlights

  • Fully leased fourplex with multiple long‑term tenants
  • Gross rents currently $3,110/month; tenants pay their own utilities
  • Across from a park, with plenty of parking and covered parking

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Dental Office Real Estate Agency HVAC Service Skin Care Clinic Gym & Fitness Center Spa & Massage Center Bakery Carpet & Flooring Store Auto Parts Store Nail Salon

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

FAQs

What type of property is this?
Quadplex - Fully leased fourplex with long-term tenants and utilities paid by residents, positioned across from a park with ample parking.
Where is this quadplex located?
The property is located at 23 Wheeler Avenue Winchester, KY.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Fully leased fourplex with multiple long‑term tenants; Gross rents currently $3,110/month; tenants pay their own utilities; Across from a park, with plenty of parking and covered parking
Contact an agent
More about this property
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