Well-Maintained Duplex
615-617 Lane Allen Road Lexington, KY 40504
615-617 Lane Allen Road, Lexington, KY, 40504
$415,000
Pending
For Sale
$415,000
Pending
MULTI_FAMILY - Lexington, KY
Property Size2,835 SF
Lot Size0.22 Acres
Days on Market23
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 5, Bedroom 4, Bedroom 3, Laundry Room, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 2
- Parking
- 2
- Standard status
- Pending
- 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 Agency
RE/MAX Creative, Winchester
(859) 422-2000
804 Bypass Road, Lexington, KY
Listed by
James Woodrum · License #210324
(859) 492-0737
Added: Jun 26 Checked: Jul 18 at 6:06 am
MLS# 26015026
Listing URL
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 well-maintained duplex at 615-617 Lane Allen Road offers a practical two-unit residential income setup, with curb appeal noted in the property remarks. Designed to support owner-occupant flexibility, the layout allows you to live in one unit while generating rental income from the other. The property is described as being in the Rosemont Garden community.
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.
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.
Key Highlights
- Well‑maintained duplex in the Rosemont Garden community
- Built in 1952 with a shingle roof
- Heating: forced air with natural gas
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 |
2,835 SF · lease $12.48/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.5K
$294.4K – $392.6K
NOI $23,553 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$305.2K
$267.1K – $356.1K
NOI $21,366 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$590.7K
$516.8K – $689.1K
NOI $41,347 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Own a Lexington duplex with flexibility to live in one unit and rent the other in Rosemont Garden.
Where is this duplex located?
The property is located at 615-617 Lane Allen Road Lexington, KY.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Well‑maintained duplex in the Rosemont Garden community; Built in 1952 with a shingle roof; Heating: forced air with natural gas
