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Sold for $615,000
  • $615,000

    311 Madison Pl, Lexington, KY 40508

    5beds
    3,109sqft
    Triplex
    Built in 1895
    -- sqft lot
    $617,400 Zestimate®
    $198/sqft
    $1,459 Estimated rent

    Home value

    $617,400

    $568,000 - $667,000

    $1,459/mo

    Zestimate® history
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    $1,459/mo

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    $1,459/mo

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    $3,031/mo

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    $3,031/mo

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    What's special

    Tall ceilingsOriginal wood flooringLarge windowsCommon laundry room
    Beautiful 1895 Historic Home in Woodward Heights Historic District - 3 Separate Apartments - 3,109 Sq Ft. This stunning property offers the potential for an Airbnb or conversion back to a single-family home, allowing for flexibility in how you choose to use the space. Each apartment features its own private entrance, kitchen, full bathroom living area and a common laundry room for long-term tenants, or multi-generational living. Historic details such as tall ceilings, original wood flooring and woodwork, and large windows create a warm, inviting atmosphere in every unit. The property is conveniently located within walking distance to Rupp Arena, Gatton Park, downtown dining and shopping as well as with the University of Kentucky and Transylvania University. It also includes a unique backyard with brick paving which is perfect for outdoor relaxation or entertaining family and guests! Whether you continue as a profitable rental operation or reimagine for personal use, this property offers unlimited potential in a prime setting.

    Zillow last checked:

    Listing updated:

    Listed by:

    Angie Fields 859-519-6178,

    Lifstyl Real Estate,

    Lori Tolson 859-420-1475,

    Lifstyl Real Estate

    Bought with:

    Destiny Darby, 209568

    Keller Williams Commonwealth

    Source: Imagine MLS,MLS#: 25507796MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Forced Air, Natural Gas
    Cooling
    • Attic Fan, Central Air, Ceiling Fan(s), Electric, Multi Units, Window Unit(s)
    Appliances
    • Laundry: Electric Dryer Hookup, Main Level, Washer Hookup, Common Area
    Interior area
    • Total structure area: 3,109
    • Total interior livable area: 3,109 sqft

    Property

    Parking
    • Parking features: Gravel, On Site, Paved, Open
    • Has uncovered spaces: Yes
    Lot
    • Size: 5,915 sqft
    Details
    • Parcel number: 12494750
    • Zoning: Other
    • Zoning description: R-2 with H-1 Overlay

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    • Attached to another structure: Yes
    Materials
    • Roof: Dimensional Style,Shingle
    Condition
    • New construction: No
    • Year built: 1895

    Utilities & green energy

    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Park
    Location
    • Region: Lexington
    • Subdivision: Downtown

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    5/13/2026Sold$615,000-3.9%$198/sqft
    Source: Imagine MLS #25507796 Report a problem
    4/5/2026Pending sale$639,900$206/sqft
    Source: Imagine MLS #25507796 Report a problem
    3/25/2026Contingent$639,900$206/sqft
    Source: Imagine MLS #25507796 Report a problem
    3/25/2026Listed for sale$639,900$206/sqft
    Source: Imagine MLS #25507796 Report a problem
    3/12/2026Contingent$639,900$206/sqft
    Source: Imagine MLS #25507796 Report a problem
    1/16/2026Price change$639,900-1.4%$206/sqft
    Source: Imagine MLS #25507796 Report a problem
    12/11/2025Listed for sale$648,900+195%$209/sqft
    Source: Imagine MLS #25507796 Report a problem
    9/2/2016Sold$220,000$71/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,721 $220,000
    2023$2,721 -3.2%$220,000
    2022$2,810 $220,000
    2021$2,810 $220,000
    2020$2,810 $220,000
    2019$2,810 $220,000
    2018$2,810 +4.9%$220,000
    2017$2,678 +59.5%$220,000 +52.4%
    2015$1,679 $144,400
    2014$1,679 $144,400 -3.7%
    2012$1,679 $150,000
    2011-- --
    2010-- --
    2009-- --
    2008-- $130,000
    2006-- --
    2005-- --
    2004-- --

    Find assessor info on the county website

    Neighborhood: Central Downtown

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Harrison
    • Middle: Lexington Trad
    • High: Lafayette

    Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $617,400
    2% more
    +$12,348
    With Zillow Showcase(estimated)
    $629,748