Updated Four-Unit Apartment
1640 Nicholasville Road, Lexington, KY 40503
MULTI_FAMILY - Lexington, KY
Property size:
4,097 SFLot size:
0.69 AcresPrice / SF:
$189/SF- Added:
- Apr 9, 2026
- Days on Market:
- 36
- Last Refresh:
- May 14 at 8:06 pm
Property Features for 1640 Nicholasville Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bathroom 6, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 5, Bedroom 2, Bathroom 2, Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 3, Bathroom 4, Laundry Room, Bathroom 7, Bathroom 8, Bedroom 3
- Standard status
- Active
- APN
- 10028140, 10028150, 10028160, 10028170
- Size
- 4,097 SF
- Lot size
- 0.69 Acres
Utilities
- Heating system
- Natural Gas, Heat Pump (Heating)
- Cooling system
- Ceiling Fan(s), Central Air, Electric, Heat Pump
Building Details
- Year built
- 1985
- Floors in Building
- 3
- Number of units
- 4
- Roof type
- Shingle
Listing agent Jon Bentley (502) 542-8041
Listing office Keller Williams Commonwealth 1908 Bryant Rd Suite 250, Lexington, KY (859) 721-2121
Listing date Apr 9, 2026
MLS# 26007439
Listing URL
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
- Prime Lexington location next to Central Baptist Hospital and close to the University of Kentucky, ensuring strong rental demand.
- Four updated units, each with 2 bedrooms and 2 full baths, providing desirable living spaces for tenants.
- Located on the third floor of a professional office building, offering added privacy and a unique mixed‑use environment.
- Onsite paved parking lot, a valuable amenity in a highly sought‑after area.
- Common laundry area with coin‑operated machines for tenant convenience.
- Elevator and stair access to all units.
Overview
This updated four-unit apartment complex presents a rare investment opportunity in Lexington, Kentucky. Ideally located next to Central Baptist Hospital and just over a mile from the University of Kentucky, the property benefits from strong rental demand and excellent convenience. Each unit features 2 bedrooms and 2 full baths, along with spacious living rooms that provide comfortable gathering space. The ample kitchens include plenty of cabinet storage, making each unit highly desirable for tenants. All units are located on the third floor of a professional office building, offering added privacy and a unique mixed-use setting. The property includes a common laundry area with coin-operated machines, as well as both elevator and stair access for ease of entry. Tenants will also appreciate the on-site paved parking lot, a valuable amenity in this highly sought-after area. The property, situated on a 0.688-acre lot, has a total area of 4097 square feet. This low-maintenance, income-producing asset is perfect for investors looking to expand their portfolio.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Wildcat Dental Lab
Dental Office
Trinler & Rolph PSC
Dental Office
Chandler James a DDS
Dental Office
Dr. William J. ...
Dental Office
Adkins
Dental Office
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.511111
- Latitude
- 38.020359
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Prime Lexington location near hospital and university with strong rental demand.
Where is this quadplex located?
The property is located at 1640 Nicholasville Road Lexington, KY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Prime Lexington location next to Central Baptist Hospital and close to the University of Kentucky, ensuring strong rental demand.; Four updated units, each with 2 bedrooms and 2 full baths, providing desirable living spaces for tenants.; Located on the third floor of a professional office building, offering added privacy and a unique mixed‑use environment.
