Bring your vision to life with this rare opportunity in the heart of Richmond! This property has been vacant for several years and is ready for a full transformation. Whether you're looking to rehab the existing structure or start fresh with new construction with a small affordable home to resale, add to the rental portfolio or make it a home for yourself, possibilities are wide open. Situated on a lot with city sewer access, this is a solid foundation for your next project. Location is the real win here—just a short walk to downtown Richmond, where you'll find local shops, restaurants, and community charm right at your fingertips. As-is, will need to be cash or conventional.
Sold for $39,900
$39,900
348 N Madison Ave, Richmond, KY 40475
3beds
1,100sqft
Single Family Residence
Built in ----
5,227 Square Feet Lot
$39,700 Zestimate®
$36/sqft
$1,410 Estimated rent
Home value
$39,700
$37,000 - $42,000
$1,410/mo
Zestimate® history
Owner options
List your home for rent
$1,410/mo
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$1,410/mo
Rent Zestimate®
Refinance and save
$196/mo
Est. payment
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$196/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Tina Neal 859-302-0259,
RE/MAX Elite Realty,
Tina Neal Home Team - Tina Neal 859-302-0259,
RE/MAX Elite Realty
Bought with:
Sarah Richards, 302947
RE/MAX Preferred Group
Source: Imagine MLS,MLS#: 26006585
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
Bedroom 2
- Level: First
Bathroom 1
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Features
- Flooring: Other
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,100
- Total interior livable area: 1,100 sqft
- Finished area above ground: 1,100
- Finished area below ground: 0
Property
Features
- Levels: One
Lot
- Size: 5,227 Square Feet
- Features: Few Trees
Details
- Parcel number: R00900010010
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Shotgun
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Downtown
HOA
- Has HOA: No
Location
- Region: Richmond
Financial & listing details
- Price per square foot: $36/sqft
- Tax assessed value: $48,100
- Annual tax amount: $461
- Date on market: 3/31/2026
Price history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Sold | $39,900-20%$36/sqft |
Source:  Imagine MLS #26006585 Report a problem | ||
| 4/3/2026 | Pending sale | $49,900$45/sqft |
Source: Imagine MLS #26006585 Report a problem | ||
| 3/31/2026 | Listed for sale | $49,900+162.6%$45/sqft |
Source: Imagine MLS #26006585 Report a problem | ||
| 5/6/2025 | Sold | $19,000-6.6%$17/sqft |
Source: Public Record Report a problem | ||
| 9/21/2010 | Sold | $20,350$19/sqft |
Source:  Imagine MLS #537551 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $461 -1.2% | $48,100 |
| 2023 | $467 -0.3% | $48,100 |
| 2022 | $468 -1.8% | $48,100 |
| 2021 | $477 +4.2% | $48,100 +6.9% |
| 2018 | $457 +1.1% | $45,000 |
| 2017 | $452 +0.8% | $45,000 |
| 2016 | $449 +130% | $45,000 |
| 2015 | $195 -54.7% | $45,000 |
| 2014 | $431 | $45,000 |
| 2012 | $431 +120.7% | $45,000 |
| 2011 | $195 +90.6% | $45,000 |
| 2009 | $102 | $45,000 |
Find assessor info on the county website
Neighborhood: 40475
Nearby homes
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Nearby schools
GreatSchools rating
- NAMadison Kindergarten AcademyGrades: PK-KDistance: 0.9 mi
- 8/10Madison Middle SchoolGrades: 6-8Distance: 0.5 mi
- 7/10Madison Central High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: Kit Carson
- Middle: Madison Mid
- High: Madison Central
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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$39,700
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+$794
With Zillow Showcase(estimated)
$40,494
- Kentucky
- Madison County
- Richmond
- 40475
- 348 N Madison Ave
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