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Partially Furnished Triplex
For Sale
$699,000

304-306 Ridgeway Road, Lexington, KY 40502

Residential Income, Lexington, KY

Property Size2,244 SF
Lot Size0.17 Acres
Price / SF$311.50
Days on Market41

Property Features for 304-306 Ridgeway Road

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Bathroom 3, Bathroom 1, Laundry Room, Bedroom 2, Bedroom 3, Bathroom 2
Elementary school Cassidy
Middle school Morton
High school Henry Clay
Elementary school district Fayette County - 1
Middle school district Fayette County - 1
High school district Fayette County - 1
Directions From Downtown Lexington, travel east on Main Street. Turn right onto Rose Street. Continue on Rose Street and turn left onto Euclid Avenue. Follow Euclid Avenue through Chevy Chase and turn right onto
Subdivision 003 - Fayette County SE
Standard status Active
APN 14305950
Size 2,244 SF
Lot size 0.17 Acres

Utilities

Heating system Heat Pump (Heating), Forced Air
Cooling system Central Air, Heat Pump

Building Details

Year built 1930
Roof type Shingle
Listing Agency: Bluegrass Sotheby's International Realty
Listed By: Robert Bratton
Added: Aug 7 Changed: Sep 12 Last Checked: Sep 16 at 11:06AM
MLS# 26021342

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.

Investment Insights

Based on property information with market context.

This triplex contains three one-bedroom, one-bathroom units within a 2,244-square-foot property on 0.172 acres. The residence was built in 1930 and is offered partially furnished. Interior features include a laundry room, while heating and cooling are provided by forced-air and heat-pump systems with central air. The building has a shingle roof.

The property is located in Lexington near the University of Kentucky, UK HealthCare, downtown, restaurants, shopping, and entertainment. Its three-unit configuration and one-bedroom layouts create a clearly defined multifamily format, with each unit including a bedroom and bathroom.

Key Highlights

  • Three 1BR/1BA units in a single triplex
  • 2,244 SF property on 0.172 acres
  • Partially furnished offering

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store HVAC Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

749
Businesses Nearby

Demographics for 40502, KY

26,080
Population
14,232
Households
1.8
Avg Household Size
40
Median Age
67%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,673
Density / Sq Mi
$73,939
Median Household Income
$46,197
Median Earnings
$1,068
Median Rent
$483,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Multifamily property with one-bedroom units near the University of Kentucky, downtown Lexington, and UK HealthCare.
Where is this triplex located?
The property is located at 304-306 Ridgeway Road Lexington, KY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three 1BR/1BA units in a single triplex; 2,244 SF property on 0.172 acres; Partially furnished offering
More about this property
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