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Updated Triplex with Furnishings
New
For Sale
$725,000

304-306 Ridgeway Road, Lexington, KY 40502

MULTI_FAMILY - Lexington, KY

Property Size2,244 SF
Lot Size0.17 Acres
Price / SF$323.08
Days on Market3

Property Features for 304-306 Ridgeway Road

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Laundry Room, Bedroom 3
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 Downtown Lexington, travel east on Main Street. Turn right onto Rose Street. Continue on Rose Street and turn left onto Euclid Avenue. Follow Euclid Avenue through Chevy Chase and turn right onto
Subdivision 003 - Fayette County SE
Standard status Active
APN 14305950
Size 2,244 SF
Lot size 0.17 Acres

Utilities

Heating system Forced Air, Heat Pump (Heating)
Cooling system Central Air, Heat Pump

Building Details

Year built 1930
Roof type Shingle
Listing Agency: Bluegrass Sotheby's International Realty
Listed By: Robert Bratton
Added: Aug 7 Last Checked: Aug 9 at 3:06AM
MLS# 26021342

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 2,244-square-foot triplex at 304-306 Ridgeway Road contains three one-bedroom, one-bathroom units. The property was built in 1930 and has been updated, with select furnishings included in the sale. Heating is provided by forced-air systems and heat pumps, while cooling is available through central air and heat pumps. A laundry room is also included, along with a shingle roof.

The property sits in Lexington’s Chevy Chase neighborhood, near the University of Kentucky, downtown Lexington, UK HealthCare, restaurants, shopping, and entertainment. Its 0.172-acre lot supports a compact multifamily configuration with three separate residential units.

Key Highlights

  • Three one‑bedroom, one‑bathroom units
  • 2,244 square feet across the triplex
  • Updated property 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
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three one-bedroom units with central air, heat pumps, and select furnishings included.
Where is this triplex located?
The property is located at 304-306 Ridgeway Road Lexington, KY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bathroom units; 2,244 square feet across the triplex; Updated property built in 1930
More about this property
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