905 Byars Avenue Lexington, KY 40505
MULTI_FAMILY - Lexington, KY
Property Features for 905 Byars Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
- Standard status
- Pending
- APN
- 11796600
- Size
- 1,650 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1948
- Roof type
- Shingle
Listing agent Chris M Johnson (859) 382-9398
Listing office Plum Tree Realty 2333 Alexandria Drive, West Chester, KY (513) 443-5060
Listing date Jun 23, 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.
Investment Insights
Based on property information with market context.
Located at 905 Byars Avenue in Lexington, Kentucky 40505, the home sits on a lot size of 0.144 acres. The property is zoned R-1.
This configuration may appeal to buyers looking for a straightforward duplex setup with a consistent unit layout on each side. The internal bedroom placement and single-bathroom arrangement are noted in the listing, and the presence of a two-car garage supports tenant parking needs. As it is offered as-is, prospective purchasers and occupants should plan to conduct their own inspections and due diligence, including confirming the stated approximate unit dimensions.
Key Highlights
- 2‑bed, 1‑bath shotgun‑style duplex (1 bedroom upstairs; bathroom downstairs).
- Approx. 900 SF per side (buyer to verify).
- 2‑car garage on the left‑hand side.
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 | $20.6k | $12.48 |
| − Vacancy | −$1.0k | −$0.61 |
| EGI | $19.6k | $11.87 |
| − OpEx | −$5.9k | −$3.56 |
| NOI | $13.7k | $8.31 |
