For sale

$49,900

348 N Madison Ave, Richmond, KY 40475

3beds

1,100sqft

Est.:

Single Family Residence

Built in ----

5,227.2 Square Feet Lot

$138,300 Zestimate^®

$45/sqft

$-- HOA

What's special

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.

1 day

374

13

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: 5,227.2 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

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: $45/sqft
Tax assessed value: $48,100
Annual tax amount: $467
Date on market: 3/31/2026

Estimated market value

$138,300

$102,000 - $176,000

$1,034/mo

Price history

Date	Event	Price
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
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