Duplex with Detached
For Sale
$599,000
227 Fontaine Circle, Lexington, KY 40502
Residential, Lexington, KY
Property Size2,848 SF
Lot Size0.91 Acres
Price / SF$210.32
Days on Market10
Property Features for 227 Fontaine Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Laundry Room, Bedroom 2, Bedroom 1, Basement, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 4
Parking features
Driveway, Carport, Garage - Detached
Window features
Window Treatments, Blinds
Interior features
Primary First Floor, Ceiling Fan(s)
Fencing
Chain Link
Fireplace
1
Basement
Sump Pump, Full, Concrete, Partially Finished, Interior Entry
Appliances
Dryer, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Cooktop, Oven, Dryer, Disposal, Dishwasher, Microwave, Refrigerator, Washer, Cooktop, Oven
Subdivision
Chevy Chase
Lot features
Secluded, Wooded
Elementary school
Cassidy
Middle school
Morton
High school
Henry Clay
Elementary school district
Fayette County - 1
Middle school district
Fayette County - 1
High school district
Fayette County - 1
Directions
From New Circle Road take a left onto Richmond Road heading towards downtown. Turn left onto Lakeshore Drive, at stop sign, turn right onto Fontaine Road. Take the 2nd right onto Fontaine Circle.
Standard status
Active
APN
11590940
Size
2,848 SF
Lot size
0.91 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Ceiling Fan(s), Electric
Water source
Public
Building Details
Year built
1973
Floors in Building
2
Flooring type
Hardwood, Tile, Carpet
Building materials
Solid Masonry
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Berkshire Hathaway de Movellan Properties
(859) 266-0451
Listed By:
Melissa Chambers
(859) 321-6983
Added: Oct 13
Changed: Oct 22
Last Checked: Oct 22 at 11:06AM
MLS# 26028709
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 2,848-square-foot duplex at 227 Fontaine Circle in Lexington contains two residences on a 0.913-acre lot. Each side has a primary bedroom and full bathroom on the first floor, plus another bedroom and full bathroom upstairs. The property was built in 1973 and has solid masonry construction, hardwood, tile and carpet flooring, and a fireplace.
Heating is natural gas forced air, with central air conditioning. Public water and sewer serve the property. Parking features include a driveway, carport and detached garage. The listed interior features include ceiling fans, and the property includes laundry rooms.
Heating is natural gas forced air, with central air conditioning. Public water and sewer serve the property. Parking features include a driveway, carport and detached garage. The listed interior features include ceiling fans, and the property includes laundry rooms.
Key Highlights
- 2,848‑square‑foot duplex on a 0.913‑acre lot
- Each side has a first‑floor primary bedroom and full bath, plus an upstairs bedroom and full bath
- Built in 1973 with solid masonry construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,661
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,220
$473.2K
Cap Rate 7%
$338,014
$338.0K
Cap Rate 9%
$262,900
$262.9K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$35.5K $12.48/SF
− Vacancy
−$1.7K −$0.61/SF
EGI
$33.8K $11.87/SF
− OpEx
−$10.1K −$3.56/SF
NOI
$23.7K $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%
$473,220
Cap Rate 7%
$338,014
Cap Rate 9%
$262,900
Alternative Uses
Best Use
Multifamily LT 5
$338.0K
$295.8K – $394.4K
NOI $23,661 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$306.6K
$268.3K – $357.7K
NOI $21,464 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$593.4K
$519.2K – $692.3K
NOI $41,536 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
428
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have bedrooms and full bathrooms on the first and second floors.
Where is this duplex located?
The property is located at 227 Fontaine Circle Lexington, KY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,848‑square‑foot duplex on a 0.913‑acre lot; Each side has a first‑floor primary bedroom and full bath, plus an upstairs bedroom and full bath; Built in 1973 with solid masonry construction
