905 Byars Avenue, Lexington, KY 40505
MULTI_FAMILY - Lexington, KY
- Added:
- Jun 23, 2026
- Days on Market:
- 8
- Last Refresh:
- Jun 30 at 12:06 am
Property Features for 905 Byars Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2
- Standard status
- Active
- APN
- 11796600
- Size
- 1,650 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1948
- Roof type
- Shingle
Listing agent Chris M Johnson (859) 382-9398
Listing office Plum Tree Realty 2333 Alexandria Drive, West Chester, KY (513) 443-5060
Listing date Jun 23, 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
- 2‑bed, 1‑bath shotgun‑style duplex (1 bedroom upstairs; bathroom downstairs).
- Approx. 900 SF per side (buyer to verify).
- 2‑car garage on the left‑hand side.
- Heating: natural gas forced air.
- Cooling: wall unit(s).
- Built in 1948; shingle roof; being sold as is.
Overview
Located at 905 Byars Avenue in Lexington, Kentucky 40505, the home sits on a lot size of 0.144 acres. The property is zoned R-1.
This configuration may appeal to buyers looking for a straightforward duplex setup with a consistent unit layout on each side. The internal bedroom placement and single-bathroom arrangement are noted in the listing, and the presence of a two-car garage supports tenant parking needs. As it is offered as-is, prospective purchasers and occupants should plan to conduct their own inspections and due diligence, including confirming the stated approximate unit dimensions.
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 | $20.6k | $12.48 |
| − Vacancy | −$1.0k | −$0.61 |
| EGI | $19.6k | $11.87 |
| − OpEx | −$5.9k | −$3.56 |
| NOI | $13.7k | $8.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.469466
- Latitude
- 38.043754
