311 Madison Place Lexington, KY 40508
Woodward Heights NeighborhoodEstimated payment $4,062/month
Highlights
- Multiple cooling system units
- Park
- Forced Air Heating and Cooling System
- Lafayette High School Rated A
- Attic Fan
- Ceiling Fan
About This Home
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.
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
Amenities
- Laundry Facilities
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 |
|---|---|---|---|---|
| 12/11/2025 12/11/25 | For Sale | $648,900 | -- | $209 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25507796
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