New - 3 days on Rocket
$8,075 Closing Credit¹
#25001706, Listing Office: The Real Estate Co.
$5,997
closing credit¹
312 N 3rd St Richmond, KY 40475
$505,000 List price
$5,997
Closing credit¹
8 beds
4 full
4,626 sqft
450.0 acres
$109 / sqft
Multi-Family
Property details
About 312 N 3rd St
Prime investment opportunity in the heart of Richmond! This historic property, built in 1893, features a 6-bedroom, 2-bathroom main house with endless potential. Located just minutes from downtown and EKU's campus, it's perfectly positioned for rental income. Behind the main house is a duplex with its own address at 314 Glyndon Avenue, offering two(2) 1-bedroom, 1-bathroom units.The property is non-conforming, allowing for residential or commercial use, making it ideal for creative investors. A portion of the main house was previously used as a salon, highlighting its adaptability. Recent updates to the main house include two heating and AC units replaced within the last 2-3 years and a roof that is approximately 5 years old. Consider transforming the property into college housing, a sorority or fraternity house, or maintaining it as a multi-unit rental. With its central location and income-generating potential, this property offers incredible opportunities for investors.
Highlights
Home typeMulti Family
HeatingElectric
StatusActive
CoolingElectric
Size4,626 sqft
Lot size450 Acres
Year built9999
Parking1 - 5 Spaces, 6 - 10 Spaces
MLS #25001794
Summary
- MLS Number: 25001794
- Office Name: Marshall Lane Real Estate - Lexington
- Office Phone: (502) 682-1226
- Office Email: taylormarshallrealtor@gmail.com
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/5/2025, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$505,000
312 N 3rd St
$5,997
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 21, 2020 | Home Sold | $260,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $260,000 | $2,522 |
| 2022 | $260,000 | $2,529 |
| 2021 | $260,000 | $348 |
| 2019 | $160,000 | $622 |
| 2018 | $160,000 | $1,626 |
History based on county public records data.
Nearby schools
5
Daniel Boone Elementary School
Public District 1-5
0.5 mi
•710 N 2nd St
6
Kit Carson Elementary School
Public District 1-5
1.0 mi
•450 Tates Creek Rd
7
Glenn Marshall Elementary School
Public District 1-5
1.6 mi
•1442 Robert R Martin Bypass
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,944. The most common annual income of people living in Richmond, KY is less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
43%
<35k
40%
35k-100k
14%
100k-200k
3%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
65%
Single, No Kids
7%
Single, with Kids
18%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
3%
12-17 yrs old
34%
18-34 yrs old
37%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Soccer
UFC
Where do the neighbors shop?
Family Dollar
Forever 21
Burlington
Where do the neighbors go to eat?
Church's Chicken
Dominos Pizza
Burger King
What do the neighbors drive?
Cadillac
Mazda
Buick
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits
Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Richmond, KY
About 312 N 3rd St
This home is located at 312 N 3rd St in Richmond, KY and zip code 40475. This 4,626 square foot home, which was built in 9999, sits on a 450.00 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 2, 2025 and is currently priced at $505,000.
While more than 2 listings in Richmond, KY in January 2025 were sold above asking price, there were more than 13 listings sold at asking price, and more than 30 were sold below. In January 2025 in Richmond, KY there were 2.5% less homes for sale than in December. While the average time on the market in January 2025 was 55 days, the median list price was $304,975.
From Rocket Homes Real Estate and based on county public records data.