Two-Unit Duplex with Distinct
448-446 Campbell Street, Lexington, KY 40508
For Sale
New
$339,000
Residential Income, Lexington, KY
Property Size1,964 SF
Lot Size0.07 Acres
Price / SF$172.61
Days on Market4
Property Features for 448-446 Campbell Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
Guide Realty, Inc.
(859) 263-0305
Listed By:
Ivy Barksdale · License KY #215660
(859) 361-7395
Added: Nov 11
Last Checked: Nov 14 at 12:06AM
MLS# 26031042
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.
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Investment Insights
Based on property information with market context.
This R-3-zoned duplex contains 1,964 square feet across two residences with different floor plans. The single-level unit has a living room, two bedrooms, a kitchen, laundry room, and full bathroom. The two-level unit includes a living room, separate dining room, eat-in kitchen, laundry area, and full bathroom on the main floor, with two bedrooms and a loft upstairs. Reported improvements include a new roof, flooring, kitchens, and bathrooms.
Built in 1900, the property is near Transylvania University's campus and downtown Lexington. Heating is provided by electric heat pumps; cooling features include central air, heat pumps, and ceiling fans.
Built in 1900, the property is near Transylvania University's campus and downtown Lexington. Heating is provided by electric heat pumps; cooling features include central air, heat pumps, and ceiling fans.
Key Highlights
- Two residences with distinct one‑level and two‑level floor plans
- 1,964 square feet on a 0.069‑acre lot
- Single‑level unit has two bedrooms, kitchen, laundry room, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,317
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,340
$326.3K
Cap Rate 7%
$233,100
$233.1K
Cap Rate 9%
$181,300
$181.3K
Market Conditions
NOI Build-Up for 1,964 SF
Gross rent
$24.5K $12.48/SF
− Vacancy
−$1.2K −$0.61/SF
EGI
$23.3K $11.87/SF
− OpEx
−$7.0K −$3.56/SF
NOI
$16.3K $8.31/SF
Area
Lexington, KY
Vacancy
4.90%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,340
Cap Rate 7%
$233,100
Cap Rate 9%
$181,300
Alternative Uses
Best Use
Multifamily LT 5
$233.1K
$204.0K – $272.0K
NOI $16,317 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$211.5K
$185.0K – $246.7K
NOI $14,802 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$409.2K
$358.1K – $477.4K
NOI $28,644 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,573
Businesses Nearby
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Business Placement
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
$174,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Lexington, KY
Properties on Market for Duplexes in Lexington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate one- and two-level residences offer flexibility within an updated residential property.
Where is this duplex located?
The property is located at 448-446 Campbell Street Lexington, KY.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two residences with distinct one‑level and two‑level floor plans; 1,964 square feet on a 0.069‑acre lot; Single‑level unit has two bedrooms, kitchen, laundry room, and full bath
