Listing Agency: Engel Realty company, LLC

Listed By: Matt Butler · License #AL

Source: Crexi

Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 2:16PM

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Investment Insights

Based on property information with market context.

This for-sale multifamily apartment building offers 181 total units. It is being marketed as a residential income property suitable for buyers seeking scale within a single asset.

The property is located at 3543 Tates Creek Road in Lexington, Kentucky.

Key Highlights

• Apartment community for sale with 181 total units

Property Analytics

Property Profile

Current Use

MEND.HORSE LLC (Equine ... Alternative Medicine Practice Saddlebrook at Tates Creek Apartment Complex

Suggested Use

Top Pick Restaurant Hair Salon Law Firm Nail Salon Spa & Massage Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

181

Residential units

Location Intelligence

Trade Area within ½ mile

315

Businesses Nearby

Explore this area Business Placement

Demographics for 40517, KY

37,751

Population

18,306

Households

2.1

Avg Household Size

33

Median Age

41%

College-Educated

92%

High-School Grad

6.2 sq mi

ZIP Area

6,089

Density / Sq Mi

$51,778

Median Household Income

$35,010

Median Earnings

$1,092

Median Rent

$196,300

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - For sale apartment community with 181 units.

Where is this apartment building located?

The property is located at 3543 Tates Creek Road Lexington, KY.

What are key features of this property?

This property features: Apartment community for sale with 181 total units