$1,595,000

2 N Main Street, Winchester, KY 40391

  • 37 beds |
  • 20 baths |
  • 26,124 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon9,583sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $61/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Major CAPEX in 2022 & 2024 — Facade transformation, fully restored and renovated. Current grossing $168,000 annual rent, with $4,000/month upside — beats the 1% rule! The Kerr Building, the largest downtown historical landmark, features structural repairs, new roofing, brick tuck-pointing, secure key-fob entrances, central HVAC, modern kitchens, updated baths, and new flooring. 18 LIHTC apartments and 2 renovated ground-floor offices totaling 20 income-producing units. Additional space at 4-10 Main Street offers a blank canvas for tenant improvements and added cash flow. Downtown Winchester is thriving — turn-key, stabilized, and priced to sell. Seize this opportunity!

Listing Status:
Active
Date Added:
August 9, 2025 at 05:00AM
Listing Office:
Tsubaki Group, LLC : 859-913-3150
MLS ID:
25017572
  • Originating MLS: Imagine MLS (Bluegrass REALTORS®)
  • School District: Clark County - 7
  • County: Clark
  • Zoning: 054-3209-018-020
  • Source: Imagine MLS (Bluegrass REALTORS®)

This listing courtesy of Tsubaki Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Justice Elementary School

350 Mount Sterling Rd, Winchester, KY, 40391

Grades KG-4

0.90 miles away

R

Robert D. Campbell Junior High School

620 Boone Ave, Winchester, KY, 40391

Grades 7-8

1.34 miles away

P

Phoenix Academy

100 Vaught Rd, Winchester, KY, 40391

Grades 6-12

1.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.