85 N Main St Walton, KY 41094
Estimated payment $2,509/month
Highlights
- 40,229 Sq Ft lot
- Fireplace
- Heating System Uses Natural Gas
- Walton-Verona Elementary School Rated A-
- Central Air
About This Home
Discover an exceptional investment opportunity in the heart of Walton, Kentucky! This 10-unit multifamily property, featuring a mix of 7 two-bedroom and 3 one-bedroom apartments, is perfectly positioned on N Main Street. Structurally sound with plenty of parking! Residents will enjoy easy access to local amenities, schools, and the highway. This building has a rich history in the city of Walton, as it was formerly the Walton School, serving the Walton Independent School District! New meters, valves, and shut off were replaced in 2024. The gas line has also been replaced to the street. This property presents a significant value-add opportunity. Currently, the building has been fully gutted, offering a blank canvas for a visionary investor to redesign it how they envision. With 14-foot ceilings, there's potential to create unique and desirable living spaces, and a few units could possibly be converted into 3-bedroom units. With generous lot dimensions and flexible redevelopment potential, the site is ideal for investors seeking value-add multifamily, mixed-use possibilities, or a full-scale reimagining. Seize the opportunity to transform this property into a highly desirable multifamily community and unlock its full investment potential!
Property Details
Home Type
- Apartment
Lot Details
- 0.92 Acre Lot
Parking
- Parking Lot
Home Design
- Brick Exterior Construction
- Block Foundation
- Stone Foundation
- Shingle Roof
Interior Spaces
- 12,180 Sq Ft Home
- Fireplace
- Basement Fills Entire Space Under The House
Schools
- Walton-Verona Elementary School
- Walton-Verona Middle School
- Walton-Verona High School
Utilities
- Central Air
- Heating System Uses Natural Gas
Community Details
- 10 Units
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $2,441 | $150,000 | $45,000 | $105,000 |
| 2024 | $2,299 | $140,000 | $140,000 | $0 |
| 2023 | $2,244 | $140,000 | $140,000 | $0 |
| 2022 | $2,251 | $140,000 | $140,000 | $0 |
| 2021 | $2,337 | $140,000 | $140,000 | $0 |
| 2020 | $2,306 | $140,000 | $140,000 | $0 |
| 2019 | $2,310 | $140,000 | $140,000 | $0 |
| 2018 | $2,386 | $140,000 | $140,000 | $0 |
| 2017 | $2,311 | $140,000 | $140,000 | $0 |
| 2015 | $2,255 | $140,000 | $140,000 | $0 |
| 2013 | -- | $140,000 | $140,000 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/13/2026 02/13/26 | Price Changed | $449,000 | -10.2% | $37 / Sq Ft |
| 01/06/2026 01/06/26 | For Sale | $499,900 | -- | $41 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $250,000 | 360 American Title Services | |
| Deed | $181,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $90,750 | Commercial |
Source: Northern Kentucky Multiple Listing Service
MLS Number: 638970
APN: 078.01-12-008.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers.
Listing information is deemed reliable, but not guaranteed.
Copyright 2026 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
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