Two-Unit Townhome
For Sale
$339,800
2540 Lindenhurst Loop lot 2542, Lexington, KY 40509
Residential Income, Lexington, KY
Property Size2,000 SF
Lot Size0.10 Acres
Price / SF$169.90
Days on Market12
Property Features for 2540 Lindenhurst Loop lot 2542
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Zoning description
R-4
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Laundry Room, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3
Parking
4
Subdivision
Darby Creek
Elementary school
Brenda Cowan
Middle school
Edythe J. Hayes
High school
Henry Clay
Elementary school district
Fayette County - 1
Middle school district
Fayette County - 1
High school district
Fayette County - 1
Directions
From Man O' War Blvd, turn onto Palumbo Dr. Turn left onto Lindenhurst Dr. Follow Lindenhurst Dr to Lindenhurst Loop. Property is on the right.
Standard status
Active
APN
19341270
Size
2,000 SF
Lot size
0.10 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Electric
Building Details
Year built
1995
Number of units
2
Roof type
Shingle
Listing Agency:
Bluegrass Property Exchange
(859) 469-9429
Listed By:
Lesley Moore
(859) 396-8359
Added: Oct 6
Changed: Oct 12
Last Checked: Oct 17 at 12:06AM
MLS# 26027650
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 Lexington offering combines two adjoining townhomes in one sale. The separately deeded residences contain approximately 1,000 square feet each, for 2,000 square feet overall. Each has two bedrooms and 1.5 bathrooms. Both are tenant occupied, and the properties are zoned R-4. Built in 1995, the townhomes have electric heating and cooling and shingle roofs.
The property is near Richmond Road, Hamburg, Man O’ War Boulevard and I-75, with shopping, dining and employment centers accessible nearby.
The property is near Richmond Road, Hamburg, Man O’ War Boulevard and I-75, with shopping, dining and employment centers accessible nearby.
Key Highlights
- Two adjoining, separately deeded townhomes offered together
- 2,000 square feet total; approximately 1,000 square feet per residence
- Each townhome has 2 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,813
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,260
$296.3K
Cap Rate 7%
$211,614
$211.6K
Cap Rate 9%
$164,589
$164.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$28.3K $14.16/SF
− Vacancy
−$1.4K −$0.69/SF
EGI
$26.9K $13.47/SF
− OpEx
−$12.1K −$6.06/SF
NOI
$14.8K $7.41/SF
Area
ZIP 40509
Vacancy
4.90%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,260
Cap Rate 7%
$211,614
Cap Rate 9%
$164,589
Alternative Uses
Best Use
Apartment 5plus
$211.6K
$185.2K – $246.9K
NOI $14,813 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$416.7K
$364.6K – $486.2K
NOI $29,169 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 40509, KY
44,572
Population
19,802
Households
2.3
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
47.8 sq mi
ZIP Area
932
Density / Sq Mi
$89,429
Median Household Income
$52,489
Median Earnings
$1,317
Median Rent
$338,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has two bedrooms and 1.5 bathrooms, with separate deed records for the two properties.
Where is this multifamily property located?
The property is located at 2540 Lindenhurst Loop lot 2542 Lexington, KY.
What is the asking price?
The asking price for this property is $339,800.
What are key features of this property?
This property features: Two adjoining, separately deeded townhomes offered together; 2,000 square feet total; approximately 1,000 square feet per residence; Each townhome has 2 bedrooms and 1.5 bathrooms
