Lexington Mixed-Use Investment
For Sale
$3,595,000
201-235 Woodland Ave 473-477 East Maxwell 488-498 East High Street, Lexington, KY 40502
Multi-family and commercial properties near the University of Kentucky.
Property SizeContact for details
Days on Market258
Property Features for 201-235 Woodland Ave 473-477 East Maxwell 488-498 East High Street
General Information
Standard status
Active
Listing Agency:
NAI Isaac
(859) 221-4000
Listed By:
Al Isaac · License #KY #223721
(859) 221-4000
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: May 11 at 7:20AM
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 NAI Isaac
Investment Insights
Based on property information with market context.
This multi-family and commercial mixed-use investment portfolio is located in Lexington, in a prime area near the University of Kentucky, specifically East High and East Maxwell Streets. The portfolio comprises multiple residential and commercial properties situated within four blocks of the University of Kentucky's main campus, which has over 31,800 students and 14,000 employees. The properties are located within close proximity to downtown Lexington. The residential properties are situated off Euclid Ave and Woodland Ave near the W.T. Young Main Library. Kroger and Chevy Chase shopping area with banks (ATMs), drug stores, Starbucks, Domino's pizza, etc. are all within walking distance. Located in one of Lexington's wealthiest zip codes. The properties are zoned B-1 (Neighborhood Business), P-1 (Professional Office) and R-3 (Planned Neighborhood Residential). Most of the property is not located in the Historic Overlay zone, so building modifications or new construction are permitted in accordance to the zoning ordinance. The portfolio's net operating income (NOI) is $273,891.
Key Highlights
- Prime location within four blocks of the University of Kentucky main campus.
- Mixed‑use investment portfolio including both multi‑family and commercial properties.
- Strong income potential with a NOI of $273,891.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,804
Businesses Nearby
Explore this area
Business Placement
Demographics for 40502, KY
26,080
Population
14,232
Households
1.8
Avg Household Size
40
Median Age
67%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
3,673
Density / Sq Mi
$73,939
Median Household Income
$46,197
Median Earnings
$1,068
Median Rent
$483,600
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?
Mixed-use property - Multi-family and commercial properties near the University of Kentucky.
Where is this mixed-use property located?
The property is located at 201-235 Woodland Ave 473-477 East Maxwell 488-498 East High Street Lexington, KY.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: Prime location within four blocks of the University of Kentucky main campus.; Mixed‑use investment portfolio including both multi‑family and commercial properties.; Strong income potential with a NOI of $273,891.
