1318 Highland Park Drive, Lexington, KY 40505
MULTI_FAMILY - Lexington, KY
- Added:
- Mar 26, 2026
- Days on Market:
- 81
- Last Refresh:
- Jun 14 at 9:06 am
Property Features for 1318 Highland Park Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1
- Standard status
- Active
- APN
- 12408200
- Size
- 1,344 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1944
- Floors in Building
- 2
Listing agent M Scott Peace License #240444 (512) 921-2794
Listing office Lifstyl Real Estate 114 Pasadena Drive, Lexington, KY (859) 278-7501
Listing date Mar 26, 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 with 1,344 sq ft of living space plus 846 sq ft unfinished basement space
- Lower unit: 2 bed / 1 bath, 894 sq ft, rented for $975/month through March 2027
- Upper unit: 1 bed / 1 bath, 450 sq ft, rented for $910/month through June 2026
- Forced air heating with window unit(s) and central air cooling
- Large backyard with detached garage and off‑street parking
- Year built: 1944; financial statements available on Flex documents
Overview
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 | $16.8k | $12.48 |
| − Vacancy | −$822 | −$0.61 |
| EGI | $16.0k | $11.87 |
| − OpEx | −$4.8k | −$3.56 |
| NOI | $11.2k | $8.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.46762
- Latitude
- 38.050325
