323 High Street, Richmond, KY 40475 (MLS # 25503110)

This is an opportunity for an investor that comes once in a lifetime! Looking for a 1031 exchange? Stop and look here!! 26 Units are available that are in a highly sought out area for rentals. Fully rented with the exception of one rental that will be filled shortly. Beautiful, historic late 1800's early 1900's homes (6 total) that have been used for rentals. Many video tours are attached of the other units, please see video tours. This listing displays 323 High st, the largest of the units. Some of these homes have had a basement apartment added and a few can still have this addition made. Newer apartment (6 unit) and two four plexes ,one triplex building included. These are fast to rent and located in walking distance to EKU, downtown and conveniently located between two I-75 off ramps that are in close proximity. These rental homes also have opportunity for expansion! The rentals included in this sale include 315 High st with 4 bedrooms and a back deck that was completed a year and a half ago (this home has opportunity to expand an apartment underneath the home and a building for rentals can be placed in rear of home). 323 & 327 High st are on the same lot with 323 High st including a very large 6 bedroom home with a back deck, lower 2 bed 2 bath apartment that is rented separate with a separate entrance and back covered patio. 327 High st has a four-plex with four two bedroom two full bath apartments and each unit has a small back yard area or patio. 331 High st is a large 5 bedroom home with a back deck and a 2 bed apartment below that has a covered patio. 335 High st is a large 5 bedroom house with a large back patio, large rooms and a 1 bedroom 1 bath apartment. Behind this house is also a garage that is included with misc doors, windows and other parts usable for rental repairs inside. 337 High st is a fourplex with 4 two bedroom, 2 full bath apartments. Two of those apartments have backyard space. Large parking area in between 323 and 331 high st and the two four-plexes. 335 High st is a 5 bedroom with a back deck and a 1 bedroom apartment below. 337 High st is a six unit apartment building with two three bedroom 2 full bath apartments (one is fully furnished) and 4 two bedroom 1 full bath apartments. All of those units have a back patio and there is a paved parking area in front of the apartment building. 351 High st is a large 5 bedroom home with a back deck and a large yard behind it that may have possibilities for a building to be added behind it and an apartment underneath it. There is off street gravel parking behind this home. 441 Oak st is a 4 bedroom home with a basement, deck was built approx 3 years ago, off street asphalt parking and garage behind the home. 433 Oak st has two four bedroom three full bath units and one three bedroom two full bath unit with a large deck and patio in back. Numerous improvements on these buildings including 3 of the buildings have had new roofs in the last three years, multiple newer HVAC units and improvements. Owner is licensed real estate agent and can answer questions regarding property. Please note the description on this listing includes multiple properties. This house does not have a garage, but there are two garages included with this purchase.

Last Updated	10/7/2025	Tract	Downtown
Year Built	1900	Community	008 - Madison County
Garage Spaces	4.0	County	Madison

SCHOOLS

Elementary School	Kit Carson
Jr. High School	Madison Mid
High School	Madison Central

Additional Details

AIR	Ceiling Fan(s), Central Air, Electric, Heat Pump, Multi Units
AIR CONDITIONING	Yes
APPLIANCES	Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
AREA	008 - Madison County
BASEMENT	Crawl Space, Finished, Partial, Sump Pump, Unfinished, Yes
CONSTRUCTION	Vinyl Siding
FIREPLACE	Yes
GARAGE	Yes
HEAT	Electric, Forced Air, Heat Pump
INTERIOR	Ceiling Fan(s), Eat-in Kitchen, Walk-In Closet(s)
LOT	0.42 acre(s)
LOT DESCRIPTION	Few Trees, Landscaped
PARKING	Other, Driveway, Detached, Garage
SEWER	Public Sewer
STORIES	3+
STYLE	Colonial, Ranch
SUBDIVISION	Downtown
UTILITIES	Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
VIEW	Yes
VIEW DESCRIPTION	Neighborhood, Trees/Woods
WATER	Public

Location

 

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