23 1/2 Wheeler Avenue, Winchester, KY 40391

$375,000
Property Type: Residential Income Bedrooms: 8 Baths: 4 Square Footage: 3,706 Lot Size (sq. ft.): 21,344 Status: Pending
Current Price: $375,000 List Date: 9/05/2025 Last Modified: 11/28/2025

Description

Prime investment opportunity in Winchester! This 4-plex offers four unique 2-bedroom, 1-bath units, each approximately 900 sqft, with washer/dryer hookups and kitchen appliances included. Tenants enjoy a quiet neighborhood setting just steps from College Park, close to the Public Library and downtown. Alley access for parking makes it feel private and secluded. Units feature wide hallways, mudroom entries, and varied layouts. One unit was recently fully renovated with LVP flooring throughout, a stone fireplace, and a dishwasher, while others offer partially covered parking or extra storage space. A double storage shed is on-site as well. This property delivers steady income and long-term potential!

Supplements: ********

More Information MLS# 25500496

Listing Information

Comp Sale YN: No Property Sub Type: Quadruplex

Address

Directions: From I-64, take exit 94 towards Winchester, turn onto Bypass Rd, take Lexington Ave towards downtown. Turn right onto Hays St, turn left onto College St, turn right on Wheeler Ave, THEN TAKE THE ALLEY ON THE IMMEDIATE LEFT! Turn right onto the middle alley and access the apartments from there. The parking lot is right past the College Park Gym parking spots on the right. Parcel Number: 054-1034-030-00 County: Clark Street Number: 23 1/2 Street Name: Wheeler Street Suffix: Avenue State: KY Zip Code: 40391

Contract

Start Showing Date: 2025-10-09 Listing Agreement: Exclusive Right To Sell Occupant Type: Tenant Office Exclusive YN: No List Price/Acre: 765306.12 List Price/SqFt: 101.19 Current Price: $375,000 Original List Price: 395000 Status: Pending Listing Contract Date: 2025-09-05 List Price: $375,000

Tax & Legal

Elementary School: Justice Middle Or Junior School: Robert Campbell High School: GRC Tax Rate: 0.123 Zoning: R-1C

Association/Community

Number Of Buildings: 1 Number Of Units In Community: 4 Number Of Units Total: 4

Interior

Living Area: 3706 Living Area Source: Public Records Bathrooms Half: 0 Bedrooms Total: 8 Bathrooms Total: 4 Bathrooms Full: 4

Parking Information

Parking Total: 8

Building

Stories Total: 1 Accessibility Features YN: No Year Built: 1942

Lot

Lot Size Acres: 0.49 Lot Size Square Feet: 21344.4

Utilities

Cooling YN: Yes Heating YN: Yes Electricity Connected: 1 Sewer Connected: 1 Water Connected: 1

Remarks

Public Remarks: Prime investment opportunity in Winchester! This 4-plex offers four unique 2-bedroom, 1-bath units, each approximately 900 sqft, with washer/dryer hookups and kitchen appliances included. Tenants enjoy a quiet neighborhood setting just steps from College Park, close to the Public Library and downtown. Alley access for parking makes it feel private and secluded. Units feature wide hallways, mudroom entries, and varied layouts. One unit was recently fully renovated with LVP flooring throughout, a stone fireplace, and a dishwasher, while others offer partially covered parking or extra storage space. A double storage shed is on-site as well. This property delivers steady income and long-term potential!

Cooling

Window Unit(s): 1

Heating

Baseboard: 1

Laundry Features

Electric Dryer Hookup: 1 Main Level: 1 Washer Hookup: 1

Parking Features

On Site: 1 Open: 1 Paved: 1

Possession

Subject To Tenant Rights: 1

Roof

Shingle: 1

Showing Considerations

Pet(s) on Premises: 1

Structure Type

Quadruplex: 1

Building and Property Details

Building Expansion Potential YN: No Lot Expansion Potential YN: No Age of Roof: 20

Income and Expenses

Total Actual Rent: 2450

Showing Requirements

Call Listing Agent: 1 Restricted Hours: 1 Showing Service: 1

Showing Information

Showing Instructions: Use ShowingTime, listing agent will call with info. Tenant occupied, and tenants will likely be home during showings. No showings before 12pm. Access/park via back alley (take the first alley on the left when you turn onto Wheeler Ave, then turn right onto the middle alley right past the College Park Gym parking lot, apartment parking is on the right.)

Status Change Information

Price Change Timestamp: 2025-10-24T18:40:02Z Status Change Timestamp: 2025-11-14 Purchase Contract Date: 2025-11-14

Tax Legal

MLS Area Major: 007 - Clark County Subdivision Name: Stuarts Addition High School District: Clark County - 7

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Cooling: Window Unit(s) Heating: Baseboard Laundry Features: Electric Dryer Hookup; Main Level; Washer Hookup Parking Features: On Site; Open; Paved Possession: Subject To Tenant Rights Roof: Shingle Showing Considerations: Pet(s) on Premises Structure Type: Quadruplex Showing Requirements: Call Listing Agent; Restricted Hours; Showing Service
Listing Office: RE/MAX Creative, Winchester
Last Updated: November - 28 - 2025
Information deemed reliable but not guaranteed.