1346 Ohio Terrace, Lexington, KY 40508
MULTI_FAMILY - Lexington, KY
- Added:
- Apr 24, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 10 at 4:06 am
Property Features for 1346 Ohio Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1
- Standard status
- Active
- APN
- 1049240
- Size
- 2,100 SF
- Lot size
- 0.05 Acres
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 1930
- Roof type
- Shingle
Listing agent Sharon Angelina A Allen (859) 797-1491
Listing office CENTURY 21 Advantage Realty 2121 Nicholasville Rd Ste 101, Danville, KY (859) 721-0121
Listing date Apr 24, 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
- Turnkey investment opportunity with immediate $1,500/month rental income.
- Potential to add up to 4 additional properties to maximize cash flow.
- Electric heating and heat pump provide efficient climate control.
- Electric cooling system.
- Shingle roof.
- Built in 1930.
Overview
Local Financial Insights For Apartment 5plus
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 | $30.7k | $14.64 |
| − Vacancy | −$2.0k | −$0.94 |
| EGI | $28.8k | $13.70 |
| − OpEx | −$12.9k | −$6.17 |
| NOI | $15.8k | $7.54 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.480817
- Latitude
- 38.050628
