Five-Bedroom Duplex with Front
For Sale
$725,000
1056-1058 Fontaine Road, Lexington, KY 40502
Residential Income, Lexington, KY
Property Size3,149 SF
Lot Size0.22 Acres
Price / SF$230.23
Days on Market48
Property Features for 1056-1058 Fontaine Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
R-2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 5, Laundry Room, Bedroom 2, Bedroom 4, Bathroom 1
Parking features
Offsite
Subdivision
Ashland Park
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 High Street/Tates Creek Road, turn on to Fontaine. Home will be on the right.
Standard status
Active
APN
16368100
Size
3,149 SF
Lot size
0.22 Acres
Utilities
Heating system
Natural Gas
Cooling system
Electric
Amenities
storage
laundry facilities
Building Details
Year built
1926
Listing Agency:
Bluegrass Sotheby's International Realty
(859) 268-0099
Listed By:
K Meredith Lane
(859) 539-9169
Added: Sep 11
Changed: Oct 12
Last Checked: Oct 28 at 7:06AM
MLS# 26025074
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.
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Investment Insights
Based on property information with market context.
This 1926 duplex contains 3,149 square feet on a 0.2236-acre lot. One unit offers three bedrooms and one bathroom, while the other includes two bedrooms and one bathroom. Each residence has its own kitchen, living and dining areas, and bright interior spaces. A front porch, large backyard, lower-level storage, and laundry facilities add usable amenity space; the first-floor unit also has a laundry hookup. Heating is provided by natural gas, with electric cooling, and parking is offsite.
The property is located in Lexington’s Ashland Park neighborhood at 1056-1058 Fontaine Road. Parks, schools, dining, shopping, and downtown Lexington are identified as nearby points of access. The home is within the Historic H-1 Overlay and is being offered AS-IS, with inspections welcome. A 48-hour showing heads-up is requested.
The property is located in Lexington’s Ashland Park neighborhood at 1056-1058 Fontaine Road. Parks, schools, dining, shopping, and downtown Lexington are identified as nearby points of access. The home is within the Historic H-1 Overlay and is being offered AS-IS, with inspections welcome. A 48-hour showing heads-up is requested.
Key Highlights
- 3,149‑square‑foot duplex on a 0.2236‑acre lot
- Five bedrooms and two bathrooms across two units: 3/1 and 2/1
- Built in 1926 with natural gas heating and electric cooling
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
931
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units provide flexible living arrangements with kitchens, dining areas, and lower-level storage and laundry facilities.
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‑square‑foot duplex on a 0.2236‑acre lot; Five bedrooms and two bathrooms across two units: 3/1 and 2/1; Built in 1926 with natural gas heating and electric cooling
