108-Unit Apartment
For Sale
Contact for pricing
Pending
1901 Cambridge Dr, Lexington, KY 40504
Multifamily property with one- and two-bedroom residences, in-unit washer and dryer connections, and substantial capital improvements.
Property SizeContact for details
Days on Market403
Property Features for 1901 Cambridge Dr
General Information
Standard status
Pending
Class
C
Property subtype
Multifamily
Zoning
R3 - Planned Residential Neighborhood
Occupancy
99%
Investment Type
Value Add
Additional Details
Highway Access
Yes
Multifamily Units
108
Amenities
washer/dryer connection in unit
Building Details
Year Built
1964
Buildings
11
Stories
3
Units
108
Listing Agency:
Silvestri Real Estate
Listed By:
Robert Jones · License #KY - 241952
Source:
Crexi
Added: Jul 24, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:36AM
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 Silvestri Real Estate
Investment Insights
Based on property information with market context.
Built in 1964, this 108-unit apartment property in Lexington includes a mix of one-bedroom and two-bedroom residences. One-bedroom units represent 47.22% of the inventory, while two-bedroom units account for 52.78%. Each apartment includes washer and dryer connections, a feature identified as distinctive within the submarket.
Capital improvements completed since 2019 include a roof replacement in 2022 and replacement of more than 80% of the windows. The property is situated in west Lexington's Cardinal Valley neighborhood, with the Bluegrass Airport, New Circle Road, Man O' War Road, and downtown Lexington located nearby. The property carries R3 - Planned Residential Neighborhood zoning.
Capital improvements completed since 2019 include a roof replacement in 2022 and replacement of more than 80% of the windows. The property is situated in west Lexington's Cardinal Valley neighborhood, with the Bluegrass Airport, New Circle Road, Man O' War Road, and downtown Lexington located nearby. The property carries R3 - Planned Residential Neighborhood zoning.
Key Highlights
- 108‑unit multifamily property built in 1964
- One‑bedroom units comprise 47.22% of the mix; two‑bedroom units comprise 52.78%
- Washer and dryer connections in every unit
Property Analytics
Property Profile
Current Use
Lease Details
108
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 40504, KY
26,042
Population
13,175
Households
2
Avg Household Size
34
Median Age
32%
College-Educated
84%
High-School Grad
6.2 sq mi
ZIP Area
4,200
Density / Sq Mi
$43,015
Median Household Income
$29,195
Median Earnings
$888
Median Rent
$209,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with one- and two-bedroom residences, in-unit washer and dryer connections, and substantial capital improvements.
Where is this apartment building located?
The property is located at 1901 Cambridge Dr Lexington, KY.
What are key features of this property?
This property features: 108‑unit multifamily property built in 1964; One‑bedroom units comprise 47.22% of the mix; two‑bedroom units comprise 52.78%; Washer and dryer connections in every unit
