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Duplex with Heat Pump Systems
For Sale
$114,900

415 Chestnut Street, Lexington, KY 40508

Residential Income, Lexington, KY

Property Size3,780 SF
Lot Size0.09 Acres
Price / SF$30.40
Days on Market152

Property Features for 415 Chestnut Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning R-1
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 1, Bathroom 1, Bedroom 2
Subdivision Downtown
Elementary school William Wells Brown
Middle school Lexington Trad
High school Lafayette
Elementary school district Fayette County - 1
Middle school district Fayette County - 1
High school district Fayette County - 1
Directions From downtown, take Elm Tree Ln to 3rd St, make a right on 3rd. Left on Chestnut, house is on the left after stop sign at 4th St.
Standard status Active
APN 11076800
Size 3,780 SF
Lot size 0.09 Acres

Utilities

Heating system Heat Pump (Heating)
Cooling system Heat Pump

Building Details

Year built 1910
Roof type Shingle
Listing Agency: CENTURY 21 Advantage Realty
Listed By: Sharon Angelina A Allen
Added: Apr 24 Changed: Sep 12 Last Checked: Sep 22 at 3:06PM
MLS# 26009064

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 offers 3,780 square feet of residential space on a 0.09-acre parcel. Constructed in 1910, the property includes bedrooms and bathrooms, with heat-pump equipment serving both heating and cooling needs. A shingle roof completes the primary building improvements.

The property is located at 415 Chestnut Street in Lexington, Kentucky, within ZIP Code 40508. R-1 zoning applies to the parcel. The combination of duplex classification, established construction, and existing mechanical systems provides a straightforward residential income property profile.

Key Highlights

  • 3,780 square feet of property size
  • 0.09‑acre lot in Lexington, KY 40508
  • Duplex classification

Property Analytics

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Current Use

Duplexes

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,626
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Residential duplex featuring R-1 zoning, shingle roofing, and a heat-pump system for heating and cooling.
Where is this duplex located?
The property is located at 415 Chestnut Street Lexington, KY.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: 3,780 square feet of property size; 0.09‑acre lot in Lexington, KY 40508; Duplex classification
More about this property
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