The monastery complex, which has preserved the oldest structures of the Nerekhta district, is located one kilometer from Nerekhta on the banks of the Gridovka River, along the road to the city. Founded in the 14th century by monk Pakhomiy, possibly on the site of an ancient settlement, the monastery actively developed in the 17th century. In 1675 and 1676, the Trinity Cathedral was built and consecrated in 1678. In 1679 and 1686, a second church, likely a winter one, with a refectory appeared, and in 1683 and 1684, the cathedral bell tower with a clock was constructed. The last was built by the Nerekhta contractor Savva Kirillov and his associates, including Nikita Petrovich Verin and Foma Andreev. Between 1676 and 1689, the igumen's and brother's cells, the bread chamber, and part of the fence with the southeastern tower and Holy Gates were also built. The bread chamber was erected by Yaroslavl stone masons, including Grigory Vasilyev and Grigory Frolov, as well as Kostroma resident Abram Afanasyev. In the 17th century, F.M. Andreev built the hospital building. According to an 18th-century description, the monastery also had a stone dining hall, cellar, and icehouse.

In 1764, the monastery was closed, and a school for boys was established within its walls, while the cathedral became a parish church. In the 18th century, a chapel was built at the southwestern corner of the territory, possibly designed by S.A. Vorotilov. In 1830 and 1834, a refectory with a southern chapel of Pakhomiy, where the relics of the saint rest, was added to the cathedral according to the design of P.I. Fursov, uniting the temple with the bell tower. In the 1840s, the cube of the cathedral was painted, and fragments of the wall paintings by artist Sokolov were preserved until the end of the 20th century. In the 19th century, the southern gates and a wicket gate at the Holy Gates were built. However, many of the monastery's structures were likely dismantled in the 19th century. During the Soviet era, the complex fell into disrepair, and the remaining buildings partially collapsed. In 1988, under the guidance of architect S.V. Demidov, restoration work began, continuing into the 21st century. Part of the fence on the western side and the northwestern tower were recreated. The interior decoration of the cathedral was repainted, and a large annex was added to the bell tower from the north.

The monastery occupies an irregularly shaped territory, elongated from west to east, with rounded eastern corners. The main structure of the complex is the Trinity Cathedral, located in the western part. Its bell tower almost adjoins the fence, which limits the complex from the south, west, and partially east. On the eastern side of the fence are the Holy Gates, aligned with the cathedral, and the southern gates. Adjacent to the Holy Gates from the north is a wicket gate with an arched opening, a triangular pediment, and a stepped attic. A chapel is located at the site of the southwestern corner tower. All buildings are made of brick and whitewashed.