2828 Yellowstone Parkway, Lexington, KY 40517
- Added:
- May 12, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 2828 Yellowstone Parkway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 7, Bathroom 3, Bathroom 4, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2, Laundry Room
- Parking
- 10
- Parking features
- Covered
- Standard status
- Pending
- APN
- 17195618
- Size
- 3,720 SF
- Lot size
- 0.19 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Heat Pump, Central Air
Building Details
- Year built
- 1978
- Floors in Building
- 3
- Number of units
- 4
- Roof type
- Composition
Listing agent Lynn T Erickson (859) 948-4855
Listing office Berkshire Hathaway de Movellan Properties 620 Perimeter Drive Suite 107, Lexington, KY (859) 266-0451
Listing date May 12, 2026
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Rarely offered 4‑plex with 4 garages and an extra‑large 1,860 SF walkout basement
- Each unit features 2 bedrooms and 1 bath, with washer/dryer hookups
- All‑electric building with heat pump heating and central air cooling
- Updates include mostly new kitchen appliances, new toilets and bath vanities, and new bath flooring
- Unit #1 HVAC is new, with replacement windows throughout
- Covered parking; includes garage door openers and remotes for each garage
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.3k | $12.72 |
| − Vacancy | −$2.0k | −$0.53 |
| EGI | $45.3k | $12.19 |
| − OpEx | −$13.6k | −$3.66 |
| NOI | $31.7k | $8.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.45885
- Latitude
- 37.994303
