$599,000
$126K PRICE DROP

123 Waddill Ave Madisonville, KY 42431

Estimated payment $3,844/month

Total Views 15,257
-- Bed
-- Bath
21,800 Sq Ft
$27 Price per Sq Ft

Highlights

  • Home Security System
  • Landscaped
  • Hot Water Heating System
  • Handicap Accessible
  • Forced Air Heating and Cooling System

About This Home

Investor Opportunity! W/ 2 acres of ground. Perfect for residential with a condition use permit as well as professional office building/venue or conference room for meetings. 2 to 4 Professional offices have been updated can be rented now or can be converted to apartments. Room to build all around! Vacant lots included have numerous possibilities. The main part of the school has been emptied and broom cleaned. Only one room needs ceiling and floor repair. The rest of the rooms are huge and could be studio apartments or professional offices with lots of parking! Such a great opportunity and part of the work has already been done! Offices could be started ASAP. Offices are 40 x 26 in sizes. In the school area, any asbestos has been removed and removed correctly. Separately is one lot fronting N. Franklin Ave., Dr. that does not have the medical profession restrictions that this property has. Call Cindy for your private tour!

Listing Agent

Cindy Mckenzie

Coldwell Banker-Terry Brokerage Email: 2708213131, cbta1096@hotmail.com Listed on: 01/15/2025

Coldwell Banker-Terry

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,958

Year Built

  • Built in 1920

Lot Details

  • 2 Acre Lot
  • Landscaped

Parking

  • Open Parking

Home Design

  • 21,800 Sq Ft Home
  • Brick Exterior Construction
  • Rolled or Hot Mop Roof
  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • 220 Volts
  • Electric Water Heater

Additional Features

  • Laundry on main level
  • Handicap Accessible

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,958

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 2
  • Lot Size: 2.0 Acres
  • Directions: N Main - turn on Waddill. Building on LEFT.
  • Year Built: 1920
  • Attribution Contact: 2708213131, cbta1096@hotmail.com
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Other-See Remarks
  • Owner Pays: Other
  • Accessibility Features: Handicap Access
  • Living Area: 21800
  • Window Features: Other-See Remarks

Exterior Features

  • Lot Features: Landscaped
  • Construction Type: Brick
  • Roof: Composition, Rolled/Hot Mop, Other

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Blacktop

Utilities

  • Laundry Features: Main Level
  • Security: Security System
  • Cooling: Central Electric
  • Cooling Y N: Yes
  • Heating: Forced Air, Hot Water, Natural Gas
  • Heating Yn: Yes
  • Electric: Combined Electric Meters, 220 Volts
  • Electricity On Property: Yes
  • Sewer: City Sewer, City Water
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Combined Water Meters
  • Gas Company: Combined Gas Meters

Lot Info

  • Lot Size Sq Ft: 87120
  • Zoning: C

Rental Info

  • Tenant Pays: Other

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,958 $700,000 $0 $0
2023 $7,049 $700,000 $0 $0
2022 $5,356 $531,800 $0 $0
2021 $5,966 $590,000 $0 $0
2020 $4,361 $430,000 $0 $0
2019 $2,414 $238,000 $0 $0
2018 $1,378 $135,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Price Changed $599,000 -7.8% $27 / Sq Ft
07/08/2025 07/08/25 Price Changed $650,000 -10.3% $30 / Sq Ft
01/15/2025 01/15/25 For Sale $725,000 -- $33 / Sq Ft
Source: Madisonville Hopkins County Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $7,375,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $438,905 Commercial
Source: Public Records

Source: Madisonville Hopkins County Board of REALTORS®

MLS Number: 116634

APN: M-32-22-2-1