$395,000

23 1/2 Wheeler Ave Winchester, KY 40391

Estimated payment $2,264/month

Total Views 3,185
8 Beds
4 Baths
3,706 Sq Ft
$107 Price per Sq Ft

Highlights

  • 0.49 Acre Lot
  • Baseboard Heating
  • 3-minute walk to College Park
  • Window Unit Cooling System

About This Home

Prime investment opportunity in Winchester! This 4-plex offers four unique 2-bedroom, 1-bath units, each approximately 900 sqft, with washer/dryer hookups and kitchen appliances included. Tenants enjoy a quiet neighborhood setting just steps from College Park, close to the Public Library and downtown. Alley access for parking makes it feel private and secluded. Units feature wide hallways, mudroom entries, and varied layouts. One unit was recently fully renovated with LVP flooring throughout, a stone fireplace, and a dishwasher, while others offer partially covered parking or extra storage space. A double storage shed is on-site as well. This property delivers steady income and long-term potential!

Listing Agent

Michelle Blackburn

RE/MAX Creative, Winchester License #205632 Listed on: 09/05/2025

RE/MAX Creative, Winchester

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,550

Year Built

  • Built in 1942

Lot Details

  • 0.49 Acre Lot

Home Design

  • 3,706 Sq Ft Home
  • Quadruplex
  • Shingle Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Schools

  • Justice Elementary School
  • Robert Campbell Middle School
  • Grc High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • 4 Units
  • Stuarts Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 054-1034-030-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,550

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Quadruplex
  • Structure Type: Quadruplex
  • Year Built: 1942
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Main Level: Yes
  • Roof:Shingle: Yes
  • Cooling:Window Unit(s): Yes
  • Structure Type:Quadruplex: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • LivingArea: 3706.0
  • Lot Size Area: 0.49
  • Total Stories: 1

Exterior Features

  • Roof: Shingle
  • List Price: 395000.0

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Site, Open, Paved
  • Total Parking Spaces: 8.0

Utilities

  • Heating: Baseboard
  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating:Baseboard: Yes

Schools

  • Elementary School: Justice
  • High School: GRC
  • Middle or Junior School: Robert Campbell

Lot Info

  • Lot Size Acres: 0.49
  • Lot Size Sq Ft: 21344.4
  • Parcel Number: 054-1034-030-00

Multi Family

  • Number of Units in Community: 4
  • Number of Units Total: 4
  • Total Actual Rent: 2450.0

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 $1,550 $155,000 $20,000 $135,000
2023 $1,517 $155,000 $0 $0
2022 $1,527 $155,000 $0 $0
2021 $1,523 $155,000 $0 $0
2020 $1,526 $155,000 $0 $0
2019 $1,533 $155,000 $0 $0
2018 $1,515 $155,000 $0 $0
2017 $1,521 $155,000 $0 $0
2016 $0 $155,000 $0 $0
2015 $1,490 $155,000 $0 $0
2013 -- $155,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 For Sale $395,000 -- $107 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25500496

ImagineMLS (Bluegrass REALTORS®)

APN: 054-1034-03000