148 - 152 E Fourth Street, Lexington, KY 40508
MULTI_FAMILY - Lexington, KY
- Added:
- Jul 1, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 1 at 4:06 pm
Property Features for 148 - 152 E Fourth Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 1, Laundry Room, Bedroom 3, Bedroom 4, Bedroom 7, Bathroom 3, Bedroom 2, Bedroom 8, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 1
- Parking
- 6
- Standard status
- Active
- APN
- 38293280 & 38293270
- Size
- 4,900 SF
- Lot size
- 0.29 Acres
Utilities
- Heating system
- Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 4
Listing agent J Corey Griffo License #70549 (502) 804-7067
Listing office RE/MAX Elite Lexington 203 Ruccio Way, Lexington, KY (859) 245-1165
Listing date Jul 1, 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 portfolio of two neighboring historic duplexes in downtown Lexington, both fully occupied
- Total four residences: four 2‑bedroom, 1‑bath units
- Originally built in 1890 with restored historic character, tall ceilings, and restored hardwood floors
- Updated kitchens and baths across the duplex residences
- Shared off‑street parking lot serving both buildings for resident convenience
- Heating includes electric and heat pump; cooling includes central air
Overview
The buildings are located at 148–152 E Fourth Street in Lexington, Kentucky (Fayette County). The shared lot improves day-to-day convenience for residents and consolidates parking for the combined use of the duplexes.
For tenants and buyers, this layout supports flexible ownership options, including an owner-occupant scenario where one residence can be lived in while the remaining units help offset ownership costs. The combination of multiple 2-bedroom homes, updated interiors, and shared parking can also appeal to investors looking for a stabilized, easily managed residential income portfolio.
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 | $61.2k | $12.48 |
| − Vacancy | −$3.0k | −$0.61 |
| EGI | $58.2k | $11.87 |
| − OpEx | −$17.4k | −$3.56 |
| NOI | $40.7k | $8.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.489425
- Latitude
- 38.049696
