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    Lexington, KY
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    Lexington, KY Apartment Buildings for Sale

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    11 properties
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    8-Unit Apartment Building
    Updated: Aug 19
    8-Unit Apartment Building

    388 Redding Road, Lexington, KY 40517

    $899,900
    7,300 sqft 0.27 AC lot
    8‑unit apartment building with 7,300 square feet
    100% occupied with all 8 tenants on month‑to‑month leases
    0.2686‑acre site; built in 1978
    Recent roof, gutter, window, siding, and breaker‑panel improvements
    Several units have been updated or renovated
    View details
    Six-Unit Multifamily Building
    Updated: Sep 14
    Six-Unit Multifamily Building

    1650 Meadowthorpe Ave, Lexington, KY 40511

    $600,000
    5,143 sqft 0.28 AC lot
    5,143 SF multifamily building with 6 units
    0.28‑acre corner lot in Meadowthorpe
    Long‑term tenants in place
    Built in 1951
    10 miles from I‑64
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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    1721 Hill Rise Dr, Lexington, KY 40504

    $577,000
    6,612 sqft 0.21 AC lot

    The property combines townhouse-style residences with a separate lower-level apartment.

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    See hot listings in Lexington

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
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    12-Unit Apartment Property
    12-Unit Apartment Property

    1801 & 1805 Gerald Dr, Lexington, KY 40511

    $874,900
    10,368 sqft

    Two buildings feature separately metered apartments with updated electrical systems and HVAC.

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    Renovated 8-Unit Apartment Building
    Renovated 8-Unit Apartment Building

    388 Redding Rd, Lexington, KY 40517

    $899,900
    7,300 sqft

    Fully occupied multifamily property with recent exterior and electrical improvements, plus updated interiors in select units.

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    Three-Building Mixed-Use Property
    Three-Building Mixed-Use Property

    109119 109-119 N Mill St, Lexington, KY 40507

    $2,600,000
    12,000 sqft

    Combines apartment residences with retail storefront space across contiguous buildings.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Eight-Unit Apartment Building
    Eight-Unit Apartment Building

    438 Elm St, Lexington, KY 40508

    $650,000
    2,576 sqft

    Eight one-bedroom residences with off-street parking at a Lexington apartment property.

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    136-Unit Garden-Style Apartment Community
    136-Unit Garden-Style Apartment Community

    1340 Alexandria Dr, Lexington, KY 40504

    $3,500,000
    125,000 sqft

    The R-4-zoned community is near the University of Kentucky, UK HealthCare and three Amazon logistics centers.

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    Six-Unit Townhouse-Style Apartment Building
    Six-Unit Townhouse-Style Apartment Building

    1721 Hill Rise Dr, Lexington, KY 40504

    $577,000
    6,612 sqft

    The property includes five townhouse-style residences and one apartment on the lower level.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    1650 Meadowthorpe Ave, Lexington, KY 40511

    $600,000
    5,143 sqft

    Corner-lot multifamily property with long-term tenants and convenient access to New Circle.

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    Stone Bridge Apartment Building
    Stone Bridge Apartment Building

    1261 VILLAGE DR, Lexington, KY 40504

    Contact for pricing
    85,600 sqft

    Apartment community built in 1974 within Lexington’s R3 - Planned Neighborhood Residential zoning district.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 11 Active listings in Lexington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    6-Unit Townhome Apartment Building
    6-Unit Townhome Apartment Building

    170-180 Heritage Drive, Nicholasville, KY 40356

    $1,028,000
    8,016 sqft 0.39 AC lot

    Townhome-style units offer private garages, basement space, and a mix of long-term and month-to-month tenancy.

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    Six-Unit Townhome Apartment Building
    Six-Unit Townhome Apartment Building

    170180 170-180 Heritage Dr, Nicholasville, KY 40356

    $1,028,000
    8,016 sqft

    Updated roofs, siding, gutters, and windows complement garage-equipped residential units.

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    Updated Seven-Unit Apartment Portfolio
    Updated Seven-Unit Apartment Portfolio

    100 Old Lemons Mill Court, Georgetown, KY 40324

    $1,700,000
    1,152 sqft 0.83 AC lot

    Fully leased townhome portfolio with three-bedroom layouts and modern updates throughout.

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    10-Unit Apartment Building
    10-Unit Apartment Building

    1117 S Pawnee Trl, Georgetown, KY 40324

    $1,250,000
    8,460 sqft 0.64 AC lot

    Multifamily property with individually metered utilities, paved parking, and a mix of one- and two-bedroom floor plans.

    View details

    Off-Market Properties in Lexington, KY

    Consider similar Off-Market properties in Lexington, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4070 Victoria Way
    APARTMENT HOUSE (UNDER 5 UNITS)

    4070 Victoria Way, Lexington, KY 40515-4658

    Estimated value:
    $12,335,000
    24,120 sqft 7.00 AC lot
    View details
    2961 Winter Gdn
    APARTMENT HOUSE (UNDER 5 UNITS)

    2961 Winter Gdn, Lexington, KY 40517-2285

    Estimated value:
    $230,000
    3,660 sqft 0.19 AC lot
    View details
    2800 Ryan Cir
    APARTMENT HOUSE (UNDER 5 UNITS)

    2800 Ryan Cir, Lexington, KY 40509-2234

    Estimated value:
    $230,000
    3,200 sqft 0.19 AC lot
    View details
    406 6th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    406 6th St, Lexington, KY 40508-1647

    Estimated value:
    $235,000
    1,822 sqft 0.11 AC lot
    View details
    109 Withers Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    109 Withers Ave, Lexington, KY 40505-3279

    Estimated value:
    $345,000
    1,665 sqft 0.17 AC lot
    View details
    2905 Winter Gdn
    APARTMENT HOUSE (UNDER 5 UNITS)

    2905 Winter Gdn, Lexington, KY 40517-2299

    Estimated value:
    $430,000
    4,168 sqft 0.28 AC lot
    View details
    2817 Snow Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    2817 Snow Rd, Lexington, KY 40517-2255

    Estimated value:
    $600,000
    3,444 sqft 0.23 AC lot
    View details
    4004 Expo Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    4004 Expo Ct, Lexington, KY 40515-4802

    Estimated value:
    $600,000
    3,344 sqft 0.30 AC lot
    View details
    135 York St
    APARTMENT HOUSE (UNDER 5 UNITS)

    135 York St, Lexington, KY 40508-1812

    Estimated value:
    $415,000
    1,488 sqft 0.14 AC lot
    View details
    1857 Gerald Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    1857 Gerald Dr, Lexington, KY 40511-1430

    Estimated value:
    $335,000
    3,132 sqft 0.27 AC lot
    View details
    247 Stone Ave, Unit 249
    APARTMENT HOUSE (UNDER 5 UNITS)

    247 Stone Ave, Lexington, KY 40508-2629

    Unit 249
    Estimated value:
    $5,150,000
    3,000 sqft 0.17 AC lot
    View details
    245 Stone Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    245 Stone Ave, Lexington, KY 40508-2629

    Estimated value:
    $5,150,000
    441 sqft 0.17 AC lot
    View details
    207 Maxwell St
    APARTMENT HOUSE (UNDER 5 UNITS)

    207 Maxwell St, Lexington, KY 40508-2687

    Estimated value:
    $5,150,000
    2,951 sqft 0.11 AC lot
    View details

    Lexington, KY Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Lexington, KY, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 273,654 square feet of properties for sale, with an estimated market value of $11,778,700.

    Sale prices for apartment complexes in Lexington, KY start at $577,000, averaging $1,177,870, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 322K
    Population Growth (5Y) +1.0%
    Median Household Income $71,202
    College Educated 25.6%

    High-Yield Neighborhoods for Investment

    Identify Lexington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40504 $577K
    40511 $600K
    40508 $650K
    40517 $909.9K
    40507 $2.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.22%
    Property Tax per SF $11.25 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Fayette County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Lexington fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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    Popular Searches in Lexington, KY

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    Most Searched ZIP Codes in Lexington, KY

    • 40504
    • 40511
    • 40517
    • 40502
    • 40507
    • 40508

    Featured Lexington Real Estate Agencies

    Realmo connects you with licensed Lexington CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Keller Williams Commonwealth
    1908 Bryant Rd, Suite 250 Lexington, KY 40509
    Phone: 18597212121
    www.kwcommonwealth.com
    United Real Estate Lexington KY
    444 Lewis Hargett Circle, Ste. 180 Lexington, KY 40503
    Phone: 18593966706
    www,unitedrealestatelexingtonky.com
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