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115-Unit Multifamily Portfolio

2315 Harrodsburg Road, Lexington, KY 40504

For Sale
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Two Lexington properties offer renovated apartments and two spaces with potential for conversion to additional units.

Property SizeContact for details
Days on Market48

Property Features for 2315 Harrodsburg Road

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Neighborhood Garden Springs Nghd Assoc

Additional Details

Multifamily Units 115

Building Details

Year Built 1970
Listing Agency: The Kirkland Company
Listed By: Brandon Wilson · License KY #219387
Source: Crexi
Added: Sep 24 Changed: Nov 8 Last Checked: Nov 10 at 8:40AM

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 The Kirkland Company

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Investment Insights

Based on property information with market context.

This Lexington multifamily portfolio comprises two properties built in 1970, with 115 apartments renovated across the portfolio. Improvements span unit interiors, building systems, exteriors, and site areas. Each property also has a non-rentable space that may be converted into an additional income-producing unit.

The properties are near Lexington’s Nicholasville Road retail corridor, including Fayette Mall and The Summit at Fritz Farm. Major employment destinations named in the area include the University of Kentucky, Baptist Health, Amazon, and CHI Saint Joseph Health. The source reports 3.0% trailing-12-month rent growth in Lexington as of Q2 2026.

Key Highlights

  • Two‑property multifamily portfolio with 115 marketed units
  • All 115 marketed apartments have been renovated
  • Built in 1970; improvements include interiors, building systems, exteriors, and site work

Property Analytics

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Lease Details

115
Residential units

Location Intelligence

Trade Area within ½ mile

1,430
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two Lexington properties offer renovated apartments and two spaces with potential for conversion to additional units.
Where is this apartment building located?
The property is located at 2315 Harrodsburg Road Lexington, KY.
What are key features of this property?
This property features: Two‑property multifamily portfolio with 115 marketed units; All 115 marketed apartments have been renovated; Built in 1970; improvements include interiors, building systems, exteriors, and site work
(281) 606-5557 Call to check price and availability
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