10-Bedroom Duplex with Walkout
For Sale
$559,000
3160 High Ridge Drive, Lexington, KY 40517
Residential Income, Lexington, KY
Property Size4,992 SF
Lot Size0.29 Acres
Price / SF$111.98
Days on Market8
Property Features for 3160 High Ridge Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-1T
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 10, Bedroom 7, Bedroom 9, Bedroom 5, Bedroom 6, Bedroom 8, Bathroom 1, Bathroom 4, Laundry Room, Bathroom 5, Bedroom 3, Bathroom 2, Bedroom 4
Elementary school
Julius Marks
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
Pimlico to High Ridge
Subdivision
003 - Fayette County SE
Standard status
Active
APN
42095003
Size
4,992 SF
Lot size
0.29 Acres
Utilities
Heating system
Electric (Heating), Forced Air, Heat Pump (Heating)
Cooling system
Electric, Central Air, Multi Units
Building Details
Year built
1979
Roof type
Shingle
Listing Agency:
The Brokerage
(859) 983-7365
Listed By:
Caleb Gonzalez
(786) 357-3779
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 7 at 12:06AM
MLS# 26027058
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 duplex contains two residences, each with five bedrooms and three full bathrooms. Both units have walkout basements, adding to the property's 4,992 square feet of building area. The 0.291-acre parcel is zoned R-1T.
Built in 1979, the property has remodeled interiors, updated bathrooms, and flooring installed in 2025. A shingle roof was replaced in 2023, and both sides have new HVAC systems from 2025–2026. Heating is electric, forced air, and heat pump; cooling is central air.
Built in 1979, the property has remodeled interiors, updated bathrooms, and flooring installed in 2025. A shingle roof was replaced in 2023, and both sides have new HVAC systems from 2025–2026. Heating is electric, forced air, and heat pump; cooling is central air.
Key Highlights
- Two units, each with 5 bedrooms and 3 full bathrooms
- Walkout basement in each residence
- 4,992 square feet on a 0.291‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,591
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,820
$851.8K
Cap Rate 7%
$608,443
$608.4K
Cap Rate 9%
$473,233
$473.2K
Market Conditions
NOI Build-Up for 4,992 SF
Gross rent
$63.5K $12.72/SF
− Vacancy
−$2.7K −$0.53/SF
EGI
$60.8K $12.19/SF
− OpEx
−$18.3K −$3.66/SF
NOI
$42.6K $8.53/SF
Area
ZIP 40517
Vacancy
4.18%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,820
Cap Rate 7%
$608,443
Cap Rate 9%
$473,233
Alternative Uses
Best Use
Multifamily LT 5
$608.4K
$532.4K – $709.9K
NOI $42,591 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$544.5K
$476.4K – $635.2K
NOI $38,112 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$1.04M
$905.8K – $1.21M
NOI $72,460 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
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Business Placement
Demographics for 40517, KY
37,751
Population
18,306
Households
2.1
Avg Household Size
33
Median Age
41%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
6,089
Density / Sq Mi
$51,778
Median Household Income
$35,010
Median Earnings
$1,092
Median Rent
$196,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has five bedrooms, three full bathrooms, and a basement with walkout access.
Where is this duplex located?
The property is located at 3160 High Ridge Drive Lexington, KY.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Two units, each with 5 bedrooms and 3 full bathrooms; Walkout basement in each residence; 4,992 square feet on a 0.291‑acre lot
