Duplex with Two Private
270 Sherman Avenue Lexington, KY 40502
New
For Sale
$459,000
MULTI_FAMILY - Lexington, KY
Property Size2,160 SF
Lot Size0.16 Acres
Price / SF$212.50
Days on Market4
Property Features for 270 Sherman Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 1, Laundry Room
- Parking
- 6
- Standard status
- Active
- APN
- 45407700
- Size
- 2,160 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 1920
- Number of units
- 2
- Roof type
- Shingle
Listing Agency:
The Brokerage
(859) 983-7365
Listed By:
Tyler I Back · License #218460
(859) 983-2717
Added: Jul 23
Last Checked: Jul 26 at 7:06AM
MLS# 26019619
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.
Investment Insights
Based on property information with market context.
This duplex offers two separate units, each with its own private living space. The configuration supports a variety of living-and-rental arrangements, making it a practical fit for investors and owner-occupants alike.
The property is located in Lexington, KY, and is described as being just minutes from the University of Kentucky, downtown Lexington, Chevy Chase, and local shopping and dining.
With a listed total size of 2,160 square feet on a 0.16-acre lot, this is a residential income property for consideration by qualified buyers seeking a duplex in the Lexington market.
The property is located in Lexington, KY, and is described as being just minutes from the University of Kentucky, downtown Lexington, Chevy Chase, and local shopping and dining.
With a listed total size of 2,160 square feet on a 0.16-acre lot, this is a residential income property for consideration by qualified buyers seeking a duplex in the Lexington market.
Key Highlights
- Duplex at 270 Sherman Avenue in Lexington
- Built in 1920
- Heat pump heating and electric cooling
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $12.48 |
| − Vacancy | −$1.3k | −$0.61 |
| EGI | $25.6k | $11.87 |
| − OpEx | −$7.7k | −$3.56 |
| NOI | $17.9k | $8.31 |
2,160 SF · lease $12.48/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$256.4K
$224.3K – $299.1K
NOI $17,945 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$232.6K
$203.5K – $271.3K
NOI $16,279 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$450.0K
$393.8K – $525.0K
NOI $31,502 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Versatile duplex featuring two separate units, each with its own private living space in Lexington, KY.
Where is this duplex located?
The property is located at 270 Sherman Avenue Lexington, KY.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Duplex at 270 Sherman Avenue in Lexington; Built in 1920; Heat pump heating and electric cooling
