311 Madison Place Lexington, KY 40508
Woodward Heights NeighborhoodEstimated payment $4,033/month
Highlights
- Multiple cooling system units
- Park
- Forced Air Heating and Cooling System
- Lafayette High School Rated A
- Attic Fan
- 4-minute walk to Town Branch Park
About This Home
Beautiful 1895 Historic Home in Woodward Heights Historic District - 3 Separate Apartments - 3,109 Sq Ft. This stunning property offers the potential for an Airbnb or 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, full bathroom living area and a common laundry room for 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 within walking distance 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 which is perfect for outdoor relaxation or entertaining family and guests! Whether you continue as a profitable rental operation or reimagine for personal use, this property offers unlimited potential in a prime setting.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1895
Lot Details
- 5,915 Sq Ft Lot
Home Design
- Triplex
- Dimensional Roof
- Shingle Roof
Interior Spaces
- 3,109 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Attic Fan
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry on main level
- Washer and Electric Dryer Hookup
Parking
- Paved Parking
- On-Site Parking
- Open Parking
Schools
- Harrison Elementary School
- Lexington Trad Middle School
- Lafayette High School
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Baseboard Heating
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 12494750
Community Details
Overview
- 3 Units
- Downtown Subdivision
Recreation
- Park
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/25/2026 03/25/26 | Pending | -- | -- | -- |
| 03/25/2026 03/25/26 | For Sale | $639,900 | 0.0% | $206 / Sq Ft |
| 03/12/2026 03/12/26 | Pending | -- | -- | -- |
| 01/16/2026 01/16/26 | Price Changed | $639,900 | -1.4% | $206 / Sq Ft |
| 12/11/2025 12/11/25 | For Sale | $648,900 | -- | $209 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25507796
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Ask me questions while you tour the home.