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    Lexington, KY Apartment Buildings for Sale

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    8-Unit Apartment Building
    Updated: Apr 15
    8-Unit Apartment Building

    388 Redding Road, Lexington, KY 40517

    $974,900
    7,300 sqft 0.27 AC lot
    8‑unit apartment building with 100% occupancy (all 8 tenants)
    All tenants are on month‑to‑month leases, providing flexibility for rent increases and future unit updates
    Recent major capital improvements include newer roof, gutters, windows, siding, and breaker panels
    Central air cooling
    Electric heating
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    This listing looks promising.

    Here's a quick look at some key insights for

    388 Redding Road, Lexington, KY 40517

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    • Est. Cap Rate

      5.7%
      NOI ÷ price

    • Est. NOI

      $56K
      Annual

    • Price @ 7% Cap

      $796K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1978
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    Renovated Four-Plex Portfolio
    Updated: Jun 19
    Renovated Four-Plex Portfolio

    1041-1043 Cross Keys Road, Lexington, KY 40504

    $799,000
    7,056 sqft 0.59 AC lot
    Two fully renovated four‑plexes sold together only at 1041 & 1043 Cross Keys Road (8 units total), not divided
    Each unit offers 882 SF; each building is 3,528 SF; total building size for both is 7,056 SF
    All 8 units are currently occupied by long‑term tenants with an exceptional payment history
    Updates include complete electrical rewire, plumbing fixture updates, new appliances, hardwood floors, and updated kitchens (renovated in 2015)
    Central HVAC in all units, with garage parking and washer/dryer hookups in every unit
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    Lexington Mixed-Use Investment Opportunity
    Lexington Mixed-Use Investment Opportunity

    109-119 N Mill Street, Lexington, KY 40507

    $2,600,000
    11,000 sqft 0.10 AC lot

    Six apartments and two retail storefronts in three buildings.

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    Luxury Chevy Chase Multifamily Property
    Luxury Chevy Chase Multifamily Property

    319 Duke Rd, Lexington, KY 40502

    $5,100,000
    23,216 sqft

    High-end 24-unit property in Lexington's desirable Chevy Chase neighborhood.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Multi-Family Investment Opportunity
    Multi-Family Investment Opportunity

    108 Surfside Dr, Lexington, KY 40503

    $875,000

    12-unit multi-family building in high-demand submarket, priced for redevelopment.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Lexington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Rented Multifamily Property with Parking
    Rented Multifamily Property with Parking

    287 Young Street, Georgetown, KY 40324

    $1,500,000
    1,000 sqft 0.54 AC lot

    An 11-unit rental property in Georgetown with on-site parking and an included vacant lot for expansion.

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    Leased Townhome Portfolio
    Leased Townhome Portfolio

    100 Old Lemons Mill Court, Georgetown, KY 40324

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

    Seven fully leased, newly updated townhomes with 3 bedrooms and 1.5 baths each, offering a turnkey income stream.

    View details
    Downtown Richmond Mixed-Use Opportunity
    Downtown Richmond Mixed-Use Opportunity

    204-206 S 3rd Street, Richmond, KY 40475

    $579,000
    9,763 sqft 0.19 AC lot

    Mixed-use property with commercial income and residential upside.

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    Three Duplex Residential Income
    Three Duplex Residential Income

    156 Hager Avenue, Richmond, KY 40475

    $660,000
    2,400 sqft 0.17 AC lot

    Three duplexes sold as-is, each with individual basements, laundry hookups, and rear decks.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    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

    Value Estimation by Request
    24,120 sqft 7.00 AC lot
    View details
    2961 Winter Gdn
    APARTMENT HOUSE (UNDER 5 UNITS)

    2961 Winter Gdn, Lexington, KY 40517-2285

    Value Estimation by Request
    3,660 sqft 0.19 AC lot
    View details
    2800 Ryan Cir
    APARTMENT HOUSE (UNDER 5 UNITS)

    2800 Ryan Cir, Lexington, KY 40509-2234

    Value Estimation by Request
    3,200 sqft 0.19 AC lot
    View details
    406 6th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    406 6th St, Lexington, KY 40508-1647

    Value Estimation by Request
    1,822 sqft 0.11 AC lot
    View details
    109 Withers Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    109 Withers Ave, Lexington, KY 40505-3279

    Value Estimation by Request
    1,665 sqft 0.17 AC lot
    View details
    2905 Winter Gdn
    APARTMENT HOUSE (UNDER 5 UNITS)

    2905 Winter Gdn, Lexington, KY 40517-2299

    Value Estimation by Request
    4,168 sqft 0.28 AC lot
    View details
    2817 Snow Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    2817 Snow Rd, Lexington, KY 40517-2255

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

    4004 Expo Ct, Lexington, KY 40515-4802

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

    135 York St, Lexington, KY 40508-1812

    Value Estimation by Request
    1,488 sqft 0.14 AC lot
    View details
    1857 Gerald Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    1857 Gerald Dr, Lexington, KY 40511-1430

    Value Estimation by Request
    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
    $5,150,000
    Estimated value
    3,000 sqft 0.17 AC lot
    View details
    245 Stone Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    245 Stone Ave, Lexington, KY 40508-2629

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

    207 Maxwell St, Lexington, KY 40508-2687

    $5,150,000
    Estimated value
    2,951 sqft 0.11 AC lot
    View details
    231 Maxwell St
    APARTMENT HOUSE (UNDER 5 UNITS)

    231 Maxwell St, Lexington, KY 40508-2657

    $5,150,000
    Estimated value
    3,221 sqft 0.16 AC lot
    View details
    215 Maxwell St
    APARTMENT HOUSE (UNDER 5 UNITS)

    215 Maxwell St, Lexington, KY 40508-3001

    $5,150,000
    Estimated value
    2,381 sqft 0.23 AC lot
    View details
    201 Maxwell St
    APARTMENT HOUSE (UNDER 5 UNITS)

    201 Maxwell St, Lexington, KY 40508-2688

    $5,150,000
    Estimated value
    2,380 sqft 0.09 AC lot
    View details
    430 Douglas Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    430 Douglas Ave, Lexington, KY 40508-1086

    Value Estimation by Request
    1,120 sqft 0.17 AC lot
    View details
    321 Clay Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    321 Clay Ave, Lexington, KY 40502-2169

    Value Estimation by Request
    1,843 sqft 0.14 AC lot
    View details
    1512 Fontaine Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    1512 Fontaine Rd, Lexington, KY 40502-1930

    Value Estimation by Request
    9,966 sqft 0.30 AC lot
    View details

    Lexington, KY Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Lexington, KY, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 48,572 square feet of properties for sale, with an estimated market value of $9,473,900.

    Sale prices for two-family homes in Lexington, KY start at $799,000, averaging $2,368,475, and reaching up to $5,100,000 — 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 $799K
    40503 $875K
    40517 $999.9K
    40507 $2.6M
    40502 $5.1M

    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.

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    Most Searched ZIP Codes in Lexington, KY

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