323 High Street Richmond, KY $ 3,800,000
323 High Street
$ 3,800,000
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323 High Street

Richmond, KY, 40475
$ 3,800,000
Bedrooms8 Baths5.0 Sq 4,648

Monthly Estimate*

$ 23,707

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Multi-Family Home for sale in Richmond, KY

for $3,800,000 with 8 bedrooms and 5 full baths. This 4,648 square foot home was built in 1900 on a lot size of 0.42.

This is an opportunity for an investor that comes once in a lifetime! Looking for a 1031 exchange? Stop and look here!! 26 Units are available that are in a highly sought out area for rentals. Fully rented with the exception of one rental that will be filled shortly. Beautiful, historic late 1800's early 1900's homes (6 total) that have been used for rentals. Many video tours are attached of the other units, please see video tours. This listing displays 323 High st, the largest of the units. Some of these homes have had a basement apartment added and a few can still have this addition made. Newer apartment (6 unit) and two four plexes ,one triplex building included. These are fast to rent and located in walking distance to EKU, downtown and conveniently located between two I-75 off ramps that are in close proximity. These rental homes also have opportunity for expansion! The rentals included in this sale include 315 High st with 4 bedrooms and a back deck that was completed a year and a half ago (this home has opportunity to expand an apartment underneath the home and a building for rentals can be placed in rear of home). 323 & 327 High st are on the same lot with 323 High st including a very large 6 bedroom home with a back deck, lower 2 bed 2 bath apartment that is rented separate with a separate entrance and back covered patio. 327 High st has a four-plex with four two bedroom two full bath apartments and each unit has a small back yard area or patio. 331 High st is a large 5 bedroom home with a back deck and a 2 bed apartment below that has a covered patio. 335 High st is a large 5 bedroom house with a large back patio, large rooms and a 1 bedroom 1 bath apartment. Behind this house is also a garage that is included with misc doors, windows and other parts usable for rental repairs inside. 337 High st is a fourplex with 4 two bedroom, 2 full bath apartments. Two of those apartments have backyard space. Large parking area in between 323 and 331 high st and the two four-plexes. 335 High st is a 5 bedroom with a back deck and a 1 bedroom apartment below. 337 High st is a six unit apartment building with two three bedroom 2 full bath apartments (one is fully furnished) and 4 two bedroom 1 full bath apartments. All of those units have a back patio and there is a paved parking area in front of the apartment building. 351 High st is a large 5 bedroom home with a back deck and a large yard behind it that may have possibilities for a building to be added behind it and an apartment underneath it. There is off street gravel parking behind this home. 441 Oak st is a 4 bedroom home with a basement, deck was built approx 3 years ago, off street asphalt parking and garage behind the home. 433 Oak st has two four bedroom three full bath units and one three bedroom two full bath unit with a large deck and patio in back. Numerous improvements on these buildings including 3 of the buildings have had new roofs in the last three years, multiple newer HVAC units and improvements. Owner is licensed real estate agent and can answer questions regarding property.

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Multi-Family Active

Price

$ 3,800,000

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.42

Year Built

1900

Town/City

Richmond

County/Region

Madison

MLS | Web ID

25503107

Features
General
Heating Electric Forced Air Heat Pump
Cooling Central Air Electric Heat Pump Multi Units
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Zoning Other
Year Built 1900
Property Subtype Apartment
Parcel Number R006-0009-0034
County Madison
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Downtown
Full Baths 5
Status Active
Directions I-75 South exit 90A 25 South and 421 South. Follow exit around to right turn for .8 miles turn right on to the 25 Lexington Rd in 1.3 miles. Turn Right on to Lancaster Dr followed by a right turn on
High School Madison Central
City Richmond
High School District Madison County - 8
Zoning Description R-3
Number Of Units Total 26
MLS Area 008 - Madison County
Lot Size Units Acres
Lot Size Square Feet 18295.2
Elementary School Kit Carson
Land Lease Y/N N
Middle/Junior High School Madison Mid
MLS Area Minor 008 - Madison County
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://my.matterport.com/show/?m=JZfceiRrhNJ
Structure Type Duplex Multi Family Quadruplex Triplex Other
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features On Site Paved Other
Lot Size Area 0.42
Number of Buildings 10
Building Area Total 4648.0
Lot Size Acres 0.42
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 4
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Laundry Features Electric Dryer Hookup
Total Bedrooms 8
Total Baths 5
Heating-Heat Pump True
Heating-Forced Air True
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* Excluded Features
List By
Rock N' Realty Llc

Broker

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$23,707
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Monthly Principal & Interest
$23,707
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3290075 Elementary School
3289613 Middle School
Madison Central High School High School
Pricing History
DatePricePrice ChangeDescription
10/7/2025$3,800,000 Listed Price

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323 High Street, Richmond, KY, 40475 is a Multi-Family Home for sale at $3,800,000 with 4,648 sqft and a lot size of 0.42. 323 High Street has 8 bedrooms, 5.0 baths, and was built in 1900. The property's zip code is 40475 which is in Richmond, KY