300-304 Madison Place & 724 W. High Street 300 Madison Pl 4 Unit Apartment Building $1,749,000 ($437,250/Unit) Lexington, KY 40508

Unique Investment Opportunity in Downtown Lexington! This private campus setting is located on High Street and Madison Place, directly across from Gatton Park and Central Bank Center. 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 mid- and short-term rental potential) and 304 Madison Place - (an adjoining vacant lot with parking and green space). You can make this your forever estate by converting the triplex to a single family home or maintain its current use as rental property and construct an additional building on the vacant lot at 304 Madison Place. The Properties are zoned R-2. The property offers several off-street parking spaces in addition to the parking in the garage of the Carriage House.
724 W. High St. also known as the “Carriage House” is appx 1,800 SF and built in 2000. The Carriage House offers a studio bedroom apartment or is also ideal for an office. It features a full bath, kitchenette, and a spacious garage for secure parking or storage.
300 Madison Place also known as the “Historic Triplex” is appx 3,176 SF. Known as the Samuel K. Cozine House, it was built between 1887 and 1890. SK Cozine, identified as a grocer, bought the land from J. C. Woodward (Woodward Heights) in 1887 and the first listing of the house in the directories is 1890. From 1895, the house was occupied by William T. Woolfolk and his wife, Mary. Woolfolk, the son of a prominent Gerrard County abolitionist, came to Lexington in 1894 as a retail grocer and later found success as a wholesale grocer. The home currently offers three remodeled units – two 1 bed;1 bath apartments and one 2 beds;2 baths apartment, all move-in ready with charming porches.
304 Madison Place is a vacant lot sitting on .16 acres where half is paved parking and the balance is green space.
Ideally located in historic Woodward Heights, steps away from the new Amphitheater at Gatton Park, Central Bank Center/Rupp Arena, the central Business District, and local shopping/restaurants!