311 Madison Place Lexington, KY $ 648,900
311 Madison Place
$ 648,900
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311 Madison Place

Lexington, KY, 40508
$ 648,900
Bedrooms5 Baths3.0 Sq 3,109

Monthly Estimate*

$ 4,048

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Multi-Family Home for sale in Lexington, KY

for $648,900 with 5 bedrooms and 3 full baths. This 3,109 square foot home was built in 1895 on a lot size of 0.14.

Beautiful 1895 Historic Home in Woodward Heights Historic District - 3 Separate Apartments - 3,109 Sq Ft - Currently an Active Airbnb. This beautifully maintained historic home is currently operating as a successful Airbnb with three separate apartments. The property offers the potential for conversion back to a single-family home, allowing for flexibility in how you choose to use the space. Each apartment features its own private entrance, kitchen, and living area, making it ideal for short-term rentals, long-term tenants, or multi-generational living. Historic details such as tall ceilings, original wood flooring and woodwork, and large windows create a warm, inviting atmosphere in every unit. The property is conveniently located close to Rupp Arena, Gatton Park, downtown dining and shopping as well as with the University of Kentucky and Transylvania University. It also includes a unique backyard with brick paving and shade, perfect for outdoor relaxation. Whether you continue as a profitable rental operation or reimagine for personal use, this property offers unlimited potential in a prime setting.

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Multi-Family Active

Price

$ 648,900

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Triplex

Lot Size

0.14

Year Built

1895

Town/City

Lexington

County/Region

Fayette

MLS | Web ID

25507796

Features
General
Heating Baseboard Forced Air Natural Gas
Cooling Attic Fan Ceiling Fan(s) Central Air Electric Multi Units Window Unit(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected
Possession Close Plus 3 to 5 Days
Roof Dimensional Style Shingle
Zoning Other
Year Built 1895
Property Subtype Triplex
Parcel Number 12494750
Community Features Park
County Fayette
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Downtown
Full Baths 3
Status Active
Directions Broadway to West High Street Left on Madison Place. Property is located on the right.
High School Lafayette
City Lexington
High School District Fayette County - 1
Zoning Description R-2 with H-1 Overlay
Number Of Units Total 3
MLS Area 001 - Fayette County NW
Lot Size Units Acres
Lot Size Square Feet 5915.45
Elementary School Harrison
Land Lease Y/N N
Middle/Junior High School Lexington Trad
MLS Area Minor 001 - Fayette County NW
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Multi Family Triplex
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features Gravel On Site Open Paved
Lot Size Area 0.14
Number of Buildings 1
Building Area Total 3109.0
Lot Size Acres 0.14
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Laundry Features Electric Dryer Hookup Main Level Washer Hookup
Total Bedrooms 5
Total Baths 3
Heating-Baseboard True
Heating-Forced Air True
Heating-Natural Gas True
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* Excluded Features
List By
Lifstyl Real Estate

Broker

angie.d.fields@gmail.com

Email

Affordability Calculator

$4,048
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,048
Monthly Property Taxes
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Monthly Home Insurance
--
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
3289948 Elementary School
3292819 Middle School
Lafayette High School High School
Pricing History
DatePricePrice ChangeDescription
12/11/2025$648,900 Listed Price

Map


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311 Madison Place, Lexington, KY, 40508 is a Multi-Family Home for sale at $648,900 with 3,109 sqft and a lot size of 0.14. 311 Madison Place has 5 bedrooms, 3.0 baths, and was built in 1895. The property's zip code is 40508 which is in Lexington, KY