Ashland Park 4-Plex Investment
122 S Hanover Avenue, Lexington, KY 40502
MULTI_FAMILY - Lexington, KY
Property size:
3,740 SFLot size:
0.17 AcresPrice / SF:
$227/SF- Added:
- May 11, 2026
- Days on Market:
- 12
- Last Refresh:
- May 22 at 12:06 pm
Property Features for 122 S Hanover Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 2, Laundry Room, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 1
- Parking
- 5
- Parking features
- Open
- Standard status
- Active
- APN
- 13325900
- Size
- 3,740 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Electric, Heat Pump
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Rubber, Composition
Listing agent Debra Fister (859) 533-6594
Listing office United Real Estate Bluegrass 424 Lewis Hargett Cir Ste 120, Lexington, KY (859) 800-7355
Listing date May 11, 2026
MLS# 26010528
Listing URL
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HighLights
- Great Location near the park
- Recently renovated kitchen
- Hardwood floors throughout
- Large backyard, perfect for entertaining
- Close to public transportation
- Walking distance to local shops and restaurants
Overview
This Ashland Park brick 4-plex presents an investment opportunity with potential for individual ownership or conversion into a single-family home. The property is conveniently located near Downtown, Chevy Chase, the University of Kentucky, Henry Clay Estate, Kenwick Table, local shops, and restaurants. Each unit features hardwood floors, individual central heat and air, and spacious closets, along with access to outside decks or porches. There are also 3 garage spaces and a driveway that can accommodate at least 2 additional cars. The first-floor units 1 and 2 each include a living room, bedroom, and kitchen, with both front and rear exits and front porch access. The second-floor unit 3 features a living room, formal dining room, large kitchen, bath, bedroom, and access to a large deck off the rear, with both front and rear exits. The second-floor unit 4 includes a living room, kitchen, bath, and a large bedroom and office area on the third floor with a deck off the rear. The property includes a 3-car garage and a full shared basement with storage and laundry. Coin-operated laundry could be installed. The roof and garage doors were replaced 5 years ago. One HVAC unit was replaced in 2025, the front porch roof was rebuilt in 2026, and the exterior was painted in 2026. Situated on a 0.1722-acre lot, the property is in a Historic H-1 overlay, requiring approval for exterior changes. The property has tenants who would like to continue renting. Unit 1 rents for $1000, Unit 2 for $1150, and Unit 4 for $1300, all on a month-to-month basis. Unit 3's lease ends September 1, 2026. The rental amounts for units 3 and 4 are below typical market rent. The property size is 3600 square feet and is zoned R-2.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.483931
- Latitude
- 38.033218
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Stately brick 4-plex near Downtown, Chevy Chase, and UK.
Where is this quadplex located?
The property is located at 122 S Hanover Avenue Lexington, KY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Great Location near the park; Recently renovated kitchen; Hardwood floors throughout
