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Multi-Family Investment Opportunity

108 Surfside Dr, Lexington, KY 40503

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For Sale

$875,000

12-unit multi-family building in high-demand submarket, priced for redevelopment.

Type:Multifamily

HighLights

High‑demand location off Nicholasville Road, Lexington's most desirable corridor.
Significant upside potential in a strong rental market for experienced investors/developers.
Rare opportunity to acquire a distressed 12‑unit multi‑family asset.
Close proximity to Fayette Mall, Summit at Fritz Farm, University of Kentucky, and downtown.
Easy access to downtown, New Circle Road, and the University of Kentucky campus.
Located in an established residential area with strong demand for rental housing.

We can help!

Listing Contact

Al Isaac

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For Sale

$875,000

12-unit multi-family building in high-demand submarket, priced for redevelopment.

Type:Multifamily

Added:: Apr 1, 2026
Days on Market:: 71
Last Refresh:: Apr 1 at 11:47 am

Property Features for 108 Surfside Dr

General Information

Standard status: Active
Property subtype: Multifamily

Building Details

Year Built: 1967

We can help!

Listing Contact

Al Isaac

Listing agent Al Isaac License #KY #223721

Listing office NAI Isaac

Listing date Apr 1, 2026

Source Naiglobal

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 NAI Isaac

HighLights

High‑demand location off Nicholasville Road, Lexington's most desirable corridor.
Significant upside potential in a strong rental market for experienced investors/developers.
Rare opportunity to acquire a distressed 12‑unit multi‑family asset.
Close proximity to Fayette Mall, Summit at Fritz Farm, University of Kentucky, and downtown.
Easy access to downtown, New Circle Road, and the University of Kentucky campus.
Located in an established residential area with strong demand for rental housing.

Overview

This multi-family investment opportunity is located just off Nicholasville Road, a highly trafficked corridor in Lexington. The 12-unit building features one-bedroom, one-bathroom units. Currently condemned, the property is priced for redevelopment or full renovation. This is a chance to acquire a distressed multi-family asset in a high-demand submarket. The location benefits from a strong rental market with significant upside potential for an experienced investor or developer. Situated in an established residential area, the property experiences strong demand for rental housing. It offers easy access to downtown, New Circle Road, and the University of Kentucky campus. The property is in close proximity to Fayette Mall, Plaza at Fayette Mall, Summit at Fritz Farm, Blue Grass Airport, and Baptist Health. Nicholasville Road experiences traffic of over 45,326 vehicles per day.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Lexington
County: Fayette
State: Kentucky
Longitude: -84.51918
Latitude: 38.001531

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For sale
Apartment buildings
KY
Lexington
40503
108 Surfside Dr

What type of property is this?

Apartment building - 12-unit multi-family building in high-demand submarket, priced for redevelopment.

Where is this apartment building located?

The property is located at 108 Surfside Dr Lexington, KY.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: High‑demand location off Nicholasville Road, Lexington's most desirable corridor.; Significant upside potential in a strong rental market for experienced investors/developers.; Rare opportunity to acquire a distressed 12‑unit multi‑family asset.

108 Surfside Dr, Lexington, KY 40503

12-unit multi-family building in high-demand submarket, priced for redevelopment.

Property Features for 108 Surfside Dr

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Iconic Downtown Lexington Office Building

Updated Flex Building in Lexington

Downtown Lexington Mixed-Use Building

Lexington Commercial Building For Sale

Multi-Tenant Building with Solar Panels

Auto Sales Property with Office/Showroom

Lexington Commercial Property on Lima

Restaurant Opportunity on Southland Drive

Class A Office Building

Lexington Retail/Flex Building For Sale

Professional Office Suite in Lexington

Lexington Commercial Building For Sale

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