615-617 Lane Allen Road, Lexington, KY 40504
MULTI_FAMILY - Lexington, KY
- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 615-617 Lane Allen Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1C
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2, Laundry Room
- Parking
- 2
- Standard status
- Active
- APN
- 21173900
- Size
- 2,835 SF
- Lot size
- 0.22 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Heat Pump, Window Unit(s)
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Number of units
- 2
- Roof type
- Shingle
Listing agent James Woodrum License #210324 (859) 492-0737
Listing office RE/MAX Creative, Winchester 804 Bypass Road, Lexington, KY (859) 422-2000
Listing date Jun 26, 2026
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.
HighLights
- Well‑maintained duplex in the Rosemont Garden community
- Built in 1952 with a shingle roof
- Heating: forced air with natural gas
- Cooling includes heat pump plus window unit(s)
- Layout includes 6 bedrooms, 2 bathrooms, and a laundry room
Overview
The listing highlights a walkable setting with easy access to everyday conveniences. According to the remarks, nearby destinations include shopping, restaurants, parks, schools, and other amenities within a short distance from the home.
For buyers seeking a duplex for either portfolio growth or personal residence with rental support, this configuration can fit multiple strategies. With one property operating as two separate residential units, it may appeal to investors looking for an owner-occupant option, as well as households interested in offsetting housing costs by renting the second unit. Schedule a showing to review the layout and unit condition firsthand.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.4k | $12.48 |
| − Vacancy | −$1.7k | −$0.61 |
| EGI | $33.6k | $11.87 |
| − OpEx | −$10.1k | −$3.56 |
| NOI | $23.6k | $8.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.53346
- Latitude
- 38.025037
