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Turnkey Multifamily Investment
For Sale
$139,900

367 Ohio Street, Lexington, KY 40508

MULTI_FAMILY - Lexington, KY

Property Size2,962 SF
Lot Size0.07 Acres
Price / SF$47.23
Days on Market106

Property Features for 367 Ohio Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Laundry Room, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Subdivision Downtown
Elementary school William Wells Brown
Middle school Lexington Trad
High school Frederick Douglass
Elementary school district Fayette County - 1
Middle school district Fayette County - 1
High school district Fayette County - 1
Directions Downtown South Broadway, the Ohio Street.
Standard status Active
APN 12043800
Size 2,962 SF
Lot size 0.07 Acres

Utilities

Heating system Heat Pump (Heating)
Cooling system Heat Pump

Building Details

Year built 1900
Roof type Shingle
Listing Agency: CENTURY 21 Advantage Realty
Listed By: Sharon Angelina A Allen
Added: Apr 23 Changed: Jul 25 Last Checked: Aug 6 at 6:06PM
MLS# 26008844

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 turnkey multifamily/residential income property is offered for sale as a producing investment, currently generating $1,500 per month. The property size is 2,962 square feet on a 0.0689-acre lot. The listing also notes expansion potential, stating that up to four additional properties can be added to maximize cash flow.

The property is located at 367 Ohio Street in Lexington, KY 40508, in Fayette County.

Key Highlights

  • Currently producing $1,500/month in rental income
  • Expansion potential: up to 4 additional properties can be added to maximize cash flow
  • 3 bedrooms and 2 bathrooms, plus a dedicated laundry room

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Pet Store Mobile Phone 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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2,393
Businesses Nearby

Demographics for 40508, KY

25,586
Population
11,458
Households
2.2
Avg Household Size
26
Median Age
36%
College-Educated
86%
High-School Grad
4.2 sq mi
ZIP Area
6,092
Density / Sq Mi
$28,040
Median Household Income
$13,316
Median Earnings
$900
Median Rent
$174,900
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?
Duplex - Turnkey multifamily property producing $1,500/month, with room for expansion by adding up to four additional properties.
Where is this duplex located?
The property is located at 367 Ohio Street Lexington, KY.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: Currently producing $1,500/month in rental income; Expansion potential: up to 4 additional properties can be added to maximize cash flow; 3 bedrooms and 2 bathrooms, plus a dedicated laundry room
More about this property
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