Two-Unit
New
For Sale
$319,000
154 Eddie Street, Lexington, KY 40508
Residential Income, Lexington, KY
Property Size1,978 SF
Lot Size0.07 Acres
Price / SF$161.27
Days on Market2
Property Features for 154 Eddie Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 6, Bathroom 2, Bedroom 4, Laundry Room, Bedroom 2
Parking features
On Street
Subdivision
Downtown
Elementary school
William Wells Brown
Middle school
Lexington Trad
High school
Frederick Douglass
Elementary school district
Fayette County - 1
Middle school district
Fayette County - 1
High school district
Fayette County - 1
Directions
Maple Street to Eddie. Two-story duplex is on the left
Standard status
Active
APN
16548056
Size
1,978 SF
Lot size
0.07 Acres
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Shingle
Buildings
1
Listing Agency:
Guide Realty, Inc.
(859) 263-0305
Listed By:
Ivy Barksdale · License #215660
(859) 361-7395
Added: Nov 5
Last Checked: Nov 6 at 8:06AM
MLS# 26030549
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.
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Investment Insights
Based on property information with market context.
This R-3-zoned duplex contains 1,978 square feet across two residences, with one unit at street level and the other on the upper floor. Each has three bedrooms, one full bathroom, a living room, dining area, and kitchen. Heating is electric baseboard, cooling is provided by wall units, and the shingle roof serves a building constructed in 1900.
The 0.071-acre property includes a backyard that meets an alley at the rear. Parking is on street.
The 0.071-acre property includes a backyard that meets an alley at the rear. Parking is on street.
Key Highlights
- Two residences, each with three bedrooms and one full bath
- 1,978 square feet in a building constructed in 1900
- R‑3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,433
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,660
$328.7K
Cap Rate 7%
$234,757
$234.8K
Cap Rate 9%
$182,589
$182.6K
Market Conditions
NOI Build-Up for 1,978 SF
Gross rent
$24.7K $12.48/SF
− Vacancy
−$1.2K −$0.61/SF
EGI
$23.5K $11.87/SF
− OpEx
−$7.0K −$3.56/SF
NOI
$16.4K $8.31/SF
Area
Lexington, KY
Vacancy
4.90%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,660
Cap Rate 7%
$234,757
Cap Rate 9%
$182,589
Alternative Uses
Best Use
Multifamily LT 5
$234.8K
$205.4K – $273.9K
NOI $16,433 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$213.0K
$186.4K – $248.5K
NOI $14,908 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$412.1K
$360.6K – $480.8K
NOI $28,848 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, a full bath, and separate living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 154 Eddie Street Lexington, KY.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms and one full bath; 1,978 square feet in a building constructed in 1900; R‑3 zoning
