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$499,900
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Property Description
Discover an exceptional investment opportunity in the heart of Walton, Kentucky! This 10-unit multifamily property, featuring a mix of 7 two-bedroom and 3 one-bedroom apartments, is perfectly positioned on N Main Street. Structurally sound with plenty of parking! Residents will enjoy easy access to local amenities, schools, and the highway. This building has a rich history in the city of Walton, as it was formerly the Walton School, serving the Walton Independent School District! New meters, valves, and shut off were replaced in 2024. The gas line has also been replaced to the street. This property presents a significant value-add opportunity. Currently, the building has been fully gutted, offering a blank canvas for a visionary investor to redesign it how they envision. With 14-foot ceilings, there's potential to create unique and desirable living spaces, and a few units could possibly be converted into 3-bedroom units. With generous lot dimensions and flexible redevelopment potential, the site is ideal for investors seeking value-add multifamily, mixed-use possibilities, or a full-scale reimagining. Seize the opportunity to transform this property into a highly desirable multifamily community and unlock its full investment potential!
Full Property Details
Full Property Details for 85 N Main St
General
- Price: $499,900
- Status: Active
- Type: Apartment
- Source: Northern_Kentucky
- MLS ID: 638970
- Updated: 1/6/2026
- Added to Site: 10 day(s) ago
Interior
- Appliances: See Remarks
Parking
- Parking Features: Parking Lot
Location
- County: Boone
- Driving Directions: 75 S to Walton exit, Left off exit, Left on 25, Property on Left
School Information
- Elementary School: Walton-Verona Elementary
- Middle School: Walton-Verona Middle
- High School: Walton-Verona High
Community
- Community Name: K11 - Richwd/Un/Wal/Ver/SB
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Available, Water Available
Structural Information
- # Buildings: 1
- Construction: Brick
- Basement Desc.: Full
- Roof: Shingle
- Windows: Other
- Square Feet: 12,180
- Living Area: 12,180 Sq. Ft.
- Property Condition: Existing Structure
Lot Features
- Lot Size (Acres): 0.92
- Lot Size (Sq. Ft.): 40,229
- Lot Size: 40229
- Lot Dimensions: irreg, of record
Disclosures and Reports
- Property ID: 078.01-12-008.00
Listed by Paragon Realty Partners, Kevin Goff
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Schools
Schools serving 85 N Main St
School District:Walton-Verona Independent School District
| Name | Grades | Distance |
|---|---|---|
Walton-Verona Middle School 32 School Road, Walton, KY 41094 | 5-8 | 0.5 mi |
Walton-Verona Elementary School 15066 Porter Road, Verona, KY 41092 | PK-4 | 4.6 mi |
Walton-Verona High School 30 School Road, Walton, KY 41094 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 85 N Main St
Date
Details
Price
Change
Source
1/06/2026
Listed
$499,900
99.96%
MLS
7/31/2024
Sold
$250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 85 N Main St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,694
8%
$250,000
-9%
2024
$4,346
-1%
$273,600
—
2023
$4,386
—
$273,600
—
2022
$4,399
-10%
$273,600
—
2021
$4,871
1%
$273,600
—
2018
$4,817
7%
$273,600
—
2017
$4,517
—
$273,600
—
2016
$4,520
43%
$273,600
—
2015
$3,171
-30%
$273,600
—
2019
$4,515
2%
$273,600
—
2014
$4,408
4%
$273,600
—
2013
$4,249
—
$273,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 85 N Main St
85 N Main Street, Walton, KY 41094 (MLS# 638970) is a Apartment property with 0 bedrooms and 0 full bathrooms. 85 N Main Street is currently listed for $499,900 and was received on January 06, 2026. Want to learn more about 85 N Main Street? Do you have questions about finding other Apartment real estate for sale in Walton? You can browse all Walton real estate or contact a Coldwell Banker agent to request more information.

