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Updated Triplex
For Sale
$715,000

304-306 Ridgeway Rd, Lexington, KY 40502

Three one-bedroom, one-bath residences convey with furnishings included in part of the property.

Property Size2,244 SF
Price / SF$318.63
Days on Market35

Property Features for 304-306 Ridgeway Rd

General Information

Standard status Active
Size 2,244 SF
Property subtype Multi-Family

Units

Unit Mix 3 x 1BR/1BA
Multifamily Units 3

Additional Details

Furnished Yes

Building Details

Year Built 1930
Listing Agency: Bluegrass Sotheby's International Realty
Listed By: Robert Bratton
Source: Centralkentuckyhouses
Added: Jul 26 Changed: Aug 28 Last Checked: Aug 26 at 7:59AM

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 Bluegrass Sotheby's International Realty

Investment Insights

Based on property information with market context.

This triplex contains three one-bedroom, one-bath residences within 2,244 square feet. Built in 1930, the property has received updates, and furnishings are included with part of the sale. Consistent unit sizing creates a straightforward three-residence configuration in one building.

The property is located at 304-306 Ridgeway Rd in Lexington, Kentucky. The University of Kentucky, downtown Lexington, UK HealthCare, restaurants, shopping, and entertainment are all described as being steps from the address, placing institutional, downtown, and commercial destinations close to the residences.

Key Highlights

  • Three 1BR/1BA units
  • 2,244 square feet of property size
  • Updated triplex built in 1930

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Auto Parts Store Grocery & Convenience Store HVAC Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

749
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three one-bedroom, one-bath residences convey with furnishings included in part of the property.
Where is this triplex located?
The property is located at 304-306 Ridgeway Rd Lexington, KY.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Three 1BR/1BA units; 2,244 square feet of property size; Updated triplex built in 1930
More about this property
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