300-304 Madison Place, Lexington, KY 40508

$1,420,000
Property Type: Residential Income Bedrooms: 5 Baths: 6 Square Footage: 4,400 Lot Size (sq. ft.): 15,013 Status: Closed
Current Price: $1,420,000 List Date: 10/11/2023 Last Modified: 8/29/2025

Overview

Description

Investment Opportunity in Downtown Lexington! Located on High Street and Madison Place, directly across from the Town Branch Park, currently under construction, estimated completion June 2025. Three parcels consisting of 724 West High (incredible carriage house with 2 car garage and office/residence on 2nd level), 300 Madison Place (historic tri-plex with great short term rental history) and 304 Madison Place -(an adjoining vacant lot). Endless possibilities exist. Make this your Forever Estate - architectural plans are attached! Or maintain it's current use as rental property and construct an additional building on the vacant lot at 304 Madison Place. Conveniently located in historic Woodward Heights, steps away from Central Bank Center/Rupp Arena, the central Business District and local shopping/restaurants!

Listing Details MLS# 23019704

Listing Information

Comp Sale YN
No
Property Sub Type
Triplex

Status Change Information

Status Change Timestamp
2023-12-15
Purchase Contract Date
2023-10-21
Close Date
2023-12-15
Close Price
1420000
Buyer Financing
Other
Sale Type
Arms Length Sale
Concessions Comments
n/a

Address

County
Fayette
Street Number
300-304
Street Name
Madison Place
State
KY
Zip Code
40508
Directions
The Carriage house is Located on High Street - just past and across from Rupp Arena. Turn left on Madison Place. the tri-plex is on the corner and the vacant lot is adjacent.
Parcel Number
12546600, 12546750, 38018730

Contract

Original List Price
1575000
Start Showing Date
2023-10-11
Listing Contract Date
2023-10-09
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/Acre
4565217.39
List Price/SqFt
357.95
Sold Price/Acre
4115942.03
Sold Price/SqFt
322.73
SP/LP
0.9

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Downtown

Interior

Bedrooms Total
5
Bathrooms Total
6
Bathrooms Full
5
Bathrooms Half
Yes
Living Area
4400

More Information

Parking Information

Parking Total
10

Building

Year Built
9999

Lot

Lot Size Acres
0.345
Lot Size Square Feet
15013

Remarks

Public Remarks
Investment Opportunity in Downtown Lexington! Located on High Street and Madison Place, directly across from the Town Branch Park, currently under construction, estimated completion June 2025. Three parcels consisting of 724 West High (incredible carriage house with 2 car garage and office/residence on 2nd level), 300 Madison Place (historic tri-plex with great short term rental history) and 304 Madison Place -(an adjoining vacant lot). Endless possibilities exist. Make this your Forever Estate - architectural plans are attached! Or maintain it's current use as rental property and construct an additional building on the vacant lot at 304 Madison Place. Conveniently located in historic Woodward Heights, steps away from Central Bank Center/Rupp Arena, the central Business District and local shopping/restaurants!

Showing Information

Showing Instructions
Call Becky Reinhold 859.338.1838

Tax & Legal

Zoning Description
R-2 with H-1 Overlay

Association/Community

Number Of Buildings
2
Number Of Units Total
4

Structure Type

Triplex
Yes
Other
Yes

Documents

Sellers Disclosure Of Property Condition
Yes

Property Features

Structure Type: Triplex; Other Documents: Sellers Disclosure Of Property Condition
Listing Office: Bluegrass Sotheby's International Realty
Last Updated: August - 29 - 2025
Information deemed reliable but not guaranteed.
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