Five-Bedroom
For Sale
$725,000
1056-1058 Fontaine Road, Lexington, KY 40502
Two separate living units with private kitchens, spacious common areas, a front porch, and a large backyard.
Property Size3,149 SF
Price / SF$230.23
Days on Market51
Property Features for 1056-1058 Fontaine Road
General Information
Standard status
Active
Size
3,149 SF
Property subtype
Multi Family Home
Zoning
R-2
Site & Location
Neighborhood
Chevy Chase Nghd Assoc
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
front porch
large backyard
storage
laundry facilities
Building Details
Building Size
3,149 SF
Year Built
1926
Buildings
1
Listing Agency:
Bluegrass Sotheby's International Realty
(859) 268-0099
Listed By:
K Meredith Lane · License #214344
(859) 539-9169
Source:
Bluegrasspropertiesgroup
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 29 at 7:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bluegrass Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Built in 1926, this 3,149-square-foot duplex at 1056-1058 Fontaine Rd includes two distinct residential units with a combined five bedrooms and two bathrooms. The layout provides a three-bedroom, one-bath unit alongside a two-bedroom, one-bath unit, with living and dining areas, kitchens, and generously sized bedrooms in each residence. A lower level adds storage and laundry facilities, while the first-floor unit includes a laundry hookup. Exterior features include a front porch and large backyard. The property is situated in Lexington’s Ashland Park neighborhood, with access to parks, schools, dining, shopping, and downtown Lexington. It is located within the Historic H-1 Overlay and is offered as-is, with inspections welcome.
Key Highlights
- 3,149 SF duplex built in 1926
- Five bedrooms and two bathrooms across two units
- Unit mix includes 3 bedrooms/1 bath and 2 bedrooms/1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,162
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,240
$523.2K
Cap Rate 7%
$373,743
$373.7K
Cap Rate 9%
$290,689
$290.7K
Market Conditions
NOI Build-Up for 3,149 SF
Gross rent
$39.3K $12.48/SF
− Vacancy
−$1.9K −$0.61/SF
EGI
$37.4K $11.87/SF
− OpEx
−$11.2K −$3.56/SF
NOI
$26.2K $8.31/SF
Area
Lexington, KY
Vacancy
4.90%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,240
Cap Rate 7%
$373,743
Cap Rate 9%
$290,689
Alternative Uses
Best Use
Multifamily LT 5
$373.7K
$327.0K – $436.0K
NOI $26,162 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$339.0K
$296.7K – $395.6K
NOI $23,733 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$656.1K
$574.1K – $765.4K
NOI $45,926 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living units with private kitchens, spacious common areas, a front porch, and a large backyard.
Where is this duplex located?
The property is located at 1056-1058 Fontaine Road Lexington, KY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,149 SF duplex built in 1926; Five bedrooms and two bathrooms across two units; Unit mix includes 3 bedrooms/1 bath and 2 bedrooms/1 bath
