Duplex Student Housing
For Sale
Contact for pricing
Pending
241 Kentucky Ave, Lexington, KY 40502
Duplex with front 3-bedroom unit and back 4-bedroom unit, currently 100% leased including the 2020-21 school year.
Property SizeContact for details
Days on Market121
Property Features for 241 Kentucky Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
SVN | Stone Commercial Real Estate
(859) 264-0888
Listed By:
Justin Ryder · License #KY 245 461
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 7 at 6:41AM
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 SVN | Stone Commercial Real Estate
Investment Insights
Based on property information with market context.
This duplex property includes two separate residential units: Unit A is a 3-bedroom configuration located in the front of the building, and Unit B is a 4-bedroom configuration located in the back. Current reported income is $1,500 per month from Unit A and $1,600 per month from Unit B.
According to the listing remarks, the property is located near the University of Kentucky with walk-ability to campus, WT Young Library, and downtown. The property is reported as 100% leased now and for the 2020-21 school year.
The opportunity is being marketed as a student housing investment for buyers seeking an income-producing duplex with existing leasing in place for the upcoming school term.
According to the listing remarks, the property is located near the University of Kentucky with walk-ability to campus, WT Young Library, and downtown. The property is reported as 100% leased now and for the 2020-21 school year.
The opportunity is being marketed as a student housing investment for buyers seeking an income-producing duplex with existing leasing in place for the upcoming school term.
Key Highlights
- Duplex in Lexington, KY with a front 3‑bedroom unit (Unit A) and back 4‑bedroom unit (Unit B)
- Current monthly income: $1,500/month from Unit A and $1,600/month from Unit B
- Property is currently 100% leased and is leased for the 2020–21 school year
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,097
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with front 3-bedroom unit and back 4-bedroom unit, currently 100% leased including the 2020-21 school year.
Where is this duplex located?
The property is located at 241 Kentucky Ave Lexington, KY.
What are key features of this property?
This property features: Duplex in Lexington, KY with a front 3‑bedroom unit (Unit A) and back 4‑bedroom unit (Unit B); Current monthly income: $1,500/month from Unit A and $1,600/month from Unit B; Property is currently 100% leased and is leased for the 2020–21 school year
