Park Hills Duplex Investment
3124 High Ridge Drive, Lexington, KY 40517
New
MULTI_FAMILY - Lexington, KY
Property size:
3,610 SFLot size:
0.17 AcresPrice / SF:
$110/SF- Added:
- May 7, 2026
- Days on Market:
- 7
- Last Refresh:
- May 13 at 11:06 pm
Property Features for 3124 High Ridge Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 5, Bedroom 1, Bedroom 4, Bedroom 2, Laundry Room, Bedroom 5, Bathroom 3, Bathroom 6, Bathroom 4, Bedroom 3
- Standard status
- Active
- APN
- 42095036
- Size
- 3,610 SF
- Lot size
- 0.17 Acres
Utilities
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Electric, Heat Pump
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
Listing agent Cole T Guthrie License #261861 (859) 494-2336
Listing office Belmont Realty Group 110 W Vine St, Lexington, KY (859) 494-2336
Listing date May 7, 2026
MLS# 26010181
Listing URL
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HighLights
- Rare residential income opportunity in desirable Park Hills area.
- Potential for significantly increased rental income (estimated $1,500-$2,000 per side).
- Duplex configuration: one 3‑bedroom unit and one 2‑bedroom unit with flexible basement space.
- Substantial updates including roofs, HVAC, hot water tanks, windows, appliances, and fixtures.
- Convenient location near major roads, shopping, dining, UK, and downtown Lexington.
- Off‑street parking and main‑level laundry.
Overview
Located in the Park Hills area of Southeast Lexington, the property at 3124-3126 High Ridge Drive presents a residential income opportunity. This duplex features one unit with 3 bedrooms and 2.5 baths, and another with 2 bedrooms and 2.5 baths. The latter also includes basement space suitable for an additional bedroom, office, guest area, or flexible living space. One unit is currently vacant, while the other is tenant-occupied on a month-to-month lease at $1,050 per month. The property has undergone substantial updates, including replacement roofs, updated HVAC components, updated hot water tanks, newer windows, appliances, bath vanities, and fixtures, with additional improvements noted in 2022, 2024, and 2025. The property includes central air, electric heating/cooling, main-level laundry, and connected electric, sewer, and water utilities, along with off-street parking. Situated near Man O' War Boulevard, Alumni Drive, Tates Creek Road, Hamburg, The Summit at Fritz Farm, UK, downtown Lexington, parks, shopping, dining, schools, and major commuter routes, the property provides access to Lexington's destinations while maintaining a residential setting. The property size is 3,610 square feet on a 0.1744-acre lot. Area rental comparables currently support estimated rental ranges of approximately $1,500 to $2,000 per side, respectively, depending on unit configuration, condition, lease terms, and market demand.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.460669
- Latitude
- 37.989557
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex in Lexington's Park Hills area with strong rental potential.
Where is this duplex located?
The property is located at 3124 High Ridge Drive Lexington, KY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Rare residential income opportunity in desirable Park Hills area.; Potential for significantly increased rental income (estimated $1,500-$2,000 per side).; Duplex configuration: one 3‑bedroom unit and one 2‑bedroom unit with flexible basement space.
