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Renovated 18-Unit Apartment Building
For Sale
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315 Ballpark Dr, Lexington, KY 40505

Updated kitchens, bathrooms, windows, and PTAC units serve a varied residential unit mix.

Property SizeContact for details
Days on Market143

Property Features for 315 Ballpark Dr

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 14 x studio, 3 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units 18
Listing Agency: eXp Commercial LLC
Listed By: JR Miller · License #KY 265995
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 8:22PM

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 eXp Commercial LLC

Investment Insights

Based on property information with market context.

This 18-unit apartment property includes 14 studio apartments, three one-bedroom, one-bath units, and one two-bedroom, one-bath unit. Recent capital work includes refreshed bathrooms and kitchens, replacement windows, and PTAC unit upgrades, providing updated interiors and mechanical equipment across the renovated units.

Located at 315 Ballpark Dr in Lexington, the property is positioned on the city’s northside. The unit mix combines smaller studio layouts with one- and two-bedroom options, creating a range of apartment configurations within one community.

Key Highlights

  • 18‑unit apartment property with 14 studios, 3 one‑bedroom units, and 1 two‑bedroom unit
  • Recent capital improvements include new bathrooms and updated kitchens
  • Replacement windows and PTAC units added through recent property upgrades

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Skin Care Clinic HVAC Service

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

18
Residential units

Location Intelligence

Trade Area within ½ mile

830
Businesses Nearby

Demographics for 40505, KY

26,278
Population
12,026
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,285
Density / Sq Mi
$58,922
Median Household Income
$33,517
Median Earnings
$914
Median Rent
$166,300
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?
Apartment building - Updated kitchens, bathrooms, windows, and PTAC units serve a varied residential unit mix.
Where is this apartment building located?
The property is located at 315 Ballpark Dr Lexington, KY.
What are key features of this property?
This property features: 18‑unit apartment property with 14 studios, 3 one‑bedroom units, and 1 two‑bedroom unit; Recent capital improvements include new bathrooms and updated kitchens; Replacement windows and PTAC units added through recent property upgrades
More about this property
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