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Updated Three-Unit Triplex
For Sale
$715,000

304306 304-306 Ridgeway Rd, Lexington, KY 40502

Partially furnished property near the University of Kentucky, downtown Lexington, and UK HealthCare.

Property Size2,244 SF
Price / SF$318.63
Days on Market23

Property Features for 304306 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: Sellkentucky
Added: Aug 10 Changed: Aug 29 Last Checked: Aug 31 at 7:52PM

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 updated triplex contains three one-bedroom, one-bathroom units within a 2,244-square-foot property built in 1930. The sale includes partial furnishings, providing an existing residential configuration with defined unit layouts.

The property is in Lexington’s Chevy Chase neighborhood, with the University of Kentucky, downtown Lexington, UK HealthCare, restaurants, shopping, and entertainment located nearby. Its position near these established destinations places multiple daily-use amenities and institutions within the surrounding area.

Key Highlights

  • Three 1BR/1BA units
  • 2,244 SF triplex built in 1930
  • Updated property with partial furnishings included

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Auto Parts Store

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

391
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Partially furnished property near the University of Kentucky, downtown Lexington, and UK HealthCare.
Where is this triplex located?
The property is located at 304306 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 SF triplex built in 1930; Updated property with partial furnishings included
More about this property
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