For sale

Price cut: $49K (7/28)

$530,000

123 Waddill Ave, Madisonville, KY 42431

--beds

--baths

21,800sqft

$3,590/mo

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Multi Family

Built in 1920

-- sqft lot

$-- Zestimate^®

$24/sqft

$-- HOA

What's special

Professional officesStudio apartments

Investor Opportunity! W/ 2 acres of ground. Perfect for residential with a condition use permit as well as professional office building/venue or conference room for meetings. 2 to 4 Professional offices have been updated can be rented now or can be converted to apartments. Room to build all around! Vacant lots included have numerous possibilities. The main part of the school has been emptied and broom cleaned. Only one room needs ceiling and floor repair. The rest of the rooms are huge and could be studio apartments or professional offices with lots of parking! Such a great opportunity and part of the work has already been done! Offices could be started ASAP. Offices are 40 x 26 in sizes. In the school area, any asbestos has been removed and removed correctly. Separately is one lot fronting N. Franklin Ave., Dr. that does not have the medical profession restrictions that this property has. Call Cindy for your private tour!

571 days

208

11

Facts & features

Interior

Heating

Forced Air, Hot Water, Natural Gas

Cooling

Central Electric

Appliances

Included: Other-See Remarks, Electric Water Heater
Laundry: Main Level

Features

Windows: Other-See Remarks

Interior area

Total structure area: 21,800
Total interior livable area: 21,800 sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features: Blacktop
Has uncovered spaces: Yes

Accessibility

Accessibility features: Handicap Access

Lot

Size: 2 Acres
Dimensions: 2.0 Acres
Features: Landscaped

Details

Zoning: C

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Roof: Composition,Rolled/Hot Mop,Other

Condition

Year built: 1920

Utilities & green energy

Electric: Combined Electric Meters, 220 Volts
Gas: Combined Gas Meters
Sewer: City Sewer, City Water
Water: Combined Water Meters
Utilities for property: Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Security System

Location

Region: Madisonville

Financial & listing details

Price per square foot: $24/sqft
Date on market: 1/15/2025
Tenant pays: Other
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

$1,148/mo

Price history

Date	Event	Price
7/28/2026	Price change	$530,000-8.5%$24/sqft
Source: MHCBOR #116634 Report a problem
1/24/2026	Price change	$579,000-3.3%$27/sqft
Source: MHCBOR #116634 Report a problem
8/13/2025	Price change	$599,000-7.8%$27/sqft
Source: MHCBOR #116634 Report a problem
7/8/2025	Price change	$650,000-10.3%$30/sqft
Source: MHCBOR #116634 Report a problem
1/15/2025	Listed for sale	$725,000$33/sqft
Source: MHCBOR #116634 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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