1108 Centre Parkway, Lexington, KY 40517
MULTI_FAMILY - Lexington, KY
- Added:
- Jun 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 10 at 4:06 am
Property Features for 1108 Centre Parkway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 7, Bedroom 4, Bathroom 4, Bathroom 5, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 1
- Parking
- 5
- Standard status
- Active
- APN
- 13813075
- Size
- 2,679 SF
- Lot size
- 0.33 Acres
Utilities
- Heating system
- Electric (Heating), Natural Gas, Forced Air
- Cooling system
- Electric
Building Details
- Year built
- 1968
Listing agent Jason Wade (859) 359-8300
Listing office National Real Estate 829 National Ave Ste 200, Lexington, KY (859) 300-1415
Listing date Jun 9, 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.
HighLights
- Duplex setup with Unit A featuring 3 bedrooms, 1.5 baths, and a 1‑car garage
- Unit B features 4 bedrooms and 2.5 baths
- Heating includes electric and natural gas with forced‑air systems
- Cooling is electric
- Year built: 1968
Overview
The property is located at 1108 Centre Parkway in Lexington, KY 40517, within Fayette County. The listing is identified under R-2 zoning, supporting the duplex’s residential income use.
For investors or owner-occupants looking for a straightforward way to add residential rental capacity, the split configuration can simplify operations by keeping each unit’s layouts distinct. With Unit A and Unit B offering different bedroom and bathroom counts, the property may appeal to a broader range of tenant profiles while maintaining the convenience of a single duplex address. Prospective buyers should review the unit configurations and rental-readiness details as part of their underwriting and leasing plans.
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 | $34.1k | $12.72 |
| − Vacancy | −$1.4k | −$0.53 |
| EGI | $32.7k | $12.19 |
| − OpEx | −$9.8k | −$3.66 |
| NOI | $22.9k | $8.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.485768
- Latitude
- 37.984967
