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6-Unit Multifamily Property Near Campus
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145 Virginia Ave, Lexington, KY 40508

Six condominium residences in Bluegrass Commons offer proximity to downtown, campus, events, nightlife, and on-site parking.

Property SizeContact for details
Days on Market140

Property Features for 145 Virginia Ave

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 6
Listing Agency: SVN | Stone Commercial Real Estate
Listed By: Justin Ryder · License #KY 245 461
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 4:23PM

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 multifamily offering consists of 6 condominiums within Bluegrass Commons. The residences have historically served graduate students seeking convenient access and parking, and the property has reportedly maintained continuous occupancy. The condominium format provides an established residential configuration for an investor evaluating a university-oriented asset.

The property is located at 145 Virginia Ave in Lexington, near the University of Kentucky. Downtown, campus, major sporting events, and nightlife are described as walkable from the property. On-site parking is also available, adding a practical feature for residents in this location.

Key Highlights

  • 6 condominiums in Bluegrass Commons
  • Located at 145 Virginia Ave, Lexington, KY 40508
  • Walkable to the University of Kentucky and downtown

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Auto Parts Store HVAC Service Electrical Service Garden Center Home Appliance Store (Bike/Boat/Book/etc) 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

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

4,303
Businesses Nearby

Demographics for 40508, KY

25,586
Population
11,458
Households
2.2
Avg Household Size
26
Median Age
36%
College-Educated
86%
High-School Grad
4.2 sq mi
ZIP Area
6,092
Density / Sq Mi
$28,040
Median Household Income
$13,316
Median Earnings
$900
Median Rent
$174,900
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?
Multifamily property - Six condominium residences in Bluegrass Commons offer proximity to downtown, campus, events, nightlife, and on-site parking.
Where is this multifamily property located?
The property is located at 145 Virginia Ave Lexington, KY.
What are key features of this property?
This property features: 6 condominiums in Bluegrass Commons; Located at 145 Virginia Ave, Lexington, KY 40508; Walkable to the University of Kentucky and downtown
(859) 447-3285 Call to check price and availability
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