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108-Unit Apartment Building
For Sale
Contact for pricing
Pending

1544 Meade Ct, Lexington, KY 40505

Mostly renovated units feature separate utility metering and washer-dryer hookups.

Property SizeContact for details
Days on Market144

Property Features for 1544 Meade Ct

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 108

Amenities

laundry room
washer/dryer hookups
walkways
benches

Building Details

Construction brick
Listing Agency: Marcus & Millichap - Louisville
Listed By: Aaron Johnson · License #KY 60872
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 31 at 11:33PM

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 Marcus & Millichap - Louisville

Investment Insights

Based on property information with market context.

Double Tree is a 108-unit apartment property consisting of all-brick buildings originally developed as condominiums. The mostly renovated units include washer-dryer hookups, energy-efficient appliances, double-pane windows, central heat and air, and separate electric, gas, and water meters. Many apartments were renovated down to the studs, and 20 units feature Class A interiors.

Property improvements include a new parking lot, roof work, upgraded landscaping, soffits, gutter guards, walkways, benches, flowering plantings, and shade trees. A large office building includes a laundry room along with multiple offices and additional space. The property is located at 1544 Meade Ct in Lexington, Kentucky.

Key Highlights

  • 108 units, with 20 featuring Class A interiors
  • Mostly renovated apartments include new insulation, double‑pane windows, central heat and air, and Energy Star appliances
  • Separate electric, gas, and water meters serve the units

Property Analytics

Current Use

Doubletree Apartments Apartment Building

Suggested Use

Top Pick Law Firm Cafe & Coffee Shop Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Nail Salon

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

108
Residential units

Location Intelligence

Trade Area within ½ mile

849
Businesses Nearby

Demographics for 40505, KY

26,278
Population
12,026
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,285
Density / Sq Mi
$58,922
Median Household Income
$33,517
Median Earnings
$914
Median Rent
$166,300
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?
Apartment building - Mostly renovated units feature separate utility metering and washer-dryer hookups.
Where is this apartment building located?
The property is located at 1544 Meade Ct Lexington, KY.
What are key features of this property?
This property features: 108 units, with 20 featuring Class A interiors; Mostly renovated apartments include new insulation, double‑pane windows, central heat and air, and Energy Star appliances; Separate electric, gas, and water meters serve the units
More about this property
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