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Updated Four-Unit Apartment Complex

1640 Nicholasville Road, Lexington, KY 40503

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Pending

$775,000

MULTI_FAMILY - Lexington, KY

Property size:

4,097 SF

Lot size:

0.69 Acres

HighLights

Updated 4‑unit apartment complex in Lexington
All four units feature 2 bedrooms and 2 full baths
Coin‑operated common laundry area on‑site
Units located on the third floor of a professional office building
Elevator and stair access plus an onsite paved parking lot
Built in 1985; heating includes natural gas and heat pump, cooling includes central air and electric

We can help!

Listing Contact

Jon Bentley

Pending

$775,000

MULTI_FAMILY - Lexington, KY

Property size:

4,097 SF

Lot size:

0.69 Acres

Added:: Apr 9, 2026
Days on Market:: 69
Last Refresh:: Jun 16 at 3:06 pm

Property Features for 1640 Nicholasville Road

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 8
Bathrooms: 8
Rooms: Bathroom 2, Bathroom 5, Bedroom 2, Bathroom 8, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 6, Bathroom 3, Laundry Room, Bedroom 7, Bathroom 4, Bedroom 4, Bedroom 8, Bathroom 7
Standard status: Pending
APN: 10028140, 10028150, 10028160, 10028170
Size: 4,097 SF
Lot size: 0.69 Acres

Utilities

Heating system: Natural Gas, Heat Pump (Heating)
Cooling system: Central Air, Heat Pump, Ceiling Fan(s), Electric

Building Details

Year built: 1985
Floors in Building: 3
Number of units: 4
Roof type: Shingle

We can help!

Listing Contact

Jon Bentley

Listing agent Jon Bentley

Listing office Keller Williams Commonwealth 1908 Bryant Rd Suite 250, Lexington, KY

Listing date Apr 9, 2026

MLS# 26007439 Listing URL

HighLights

Updated 4‑unit apartment complex in Lexington
All four units feature 2 bedrooms and 2 full baths
Coin‑operated common laundry area on‑site
Units located on the third floor of a professional office building
Elevator and stair access plus an onsite paved parking lot
Built in 1985; heating includes natural gas and heat pump, cooling includes central air and electric

Overview

This updated four-unit apartment complex presents a rare investment opportunity in Lexington, Kentucky. Ideally located next to Central Baptist Hospital and just over a mile from the University of Kentucky, the property benefits from strong rental demand and excellent convenience. Each unit features 2 bedrooms and 2 full baths, along with spacious living rooms that provide comfortable gathering space. The ample kitchens include plenty of cabinet storage, making each unit highly desirable for tenants. All units are located on the third floor of a professional office building, offering added privacy and a unique mixed-use setting. The property includes a common laundry area with coin-operated machines, as well as both elevator and stair access for ease of entry. Tenants will also appreciate the on-site paved parking lot, a valuable amenity in this highly sought-after area. The property, situated on a 0.688-acre lot, has a total area of 4097 square feet. This low-maintenance, income-producing asset is perfect for investors looking to expand their portfolio.

Property Profile Location Intelligence

Current Use by Public Records

Wildcat Dental Lab Dental Office Trinler & Rolph PSC Dental Office Chandler James a DDS Dental Office Dr. William J. ... Dental Office Adkins Dental Office

Suggested Use

Location Insight

Map
Local Demand

City: Lexington
County: Fayette
State: Kentucky
Longitude: -84.511111
Latitude: 38.020359

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For sale
Quadplexes
KY
Lexington
40503
1640 Nicholasville Road

What type of property is this?

Quadplex - Prime Lexington location near hospital and university with strong rental demand.

Where is this quadplex located?

The property is located at 1640 Nicholasville Road Lexington, KY.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Updated 4‑unit apartment complex in Lexington; All four units feature 2 bedrooms and 2 full baths; Coin‑operated common laundry area on‑site

1640 Nicholasville Road, Lexington, KY 40503

MULTI_FAMILY - Lexington, KY

Property Features for 1640 Nicholasville Road

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Iconic Downtown Lexington Office Building

Updated Flex Building in Lexington

Downtown Lexington Mixed-Use Building

Multi-Tenant Building with Solar Panels

Versatile Medical Office Building

Auto Sales Property with Office/Showroom

Lexington Commercial Building For Sale

Lexington Commercial Property on Lima

Restaurant Opportunity on Southland Drive

Class A Office Building

Professional Office Suite in Lexington

Lexington Commercial Building For Sale

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