Shotgun-Style Duplex With
905 Byars Avenue Lexington, KY 40505
905 Byars Avenue, Lexington, KY, 40505
$159,900
Pending
For Sale
$159,900
Pending
MULTI_FAMILY - Lexington, KY
Property Size1,650 SF
Lot Size0.14 Acres
Days on Market26
Property Features for 905 Byars Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2
- Standard status
- Pending
- 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 Agency
Plum Tree Realty
(513) 443-5060
2333 Alexandria Drive, West Chester, KY
Listed by
Chris M Johnson
(859) 382-9398
Added: Jun 23 Checked: Jul 18 at 7:06 am
MLS# 26014799
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.
The property is a shotgun-style duplex designed for two separate units. Each side is described as having two bedrooms and one bathroom, with one bedroom upstairs and the bathroom located downstairs. The listing indicates approximately 900 square feet per side (buyer to verify), and the overall property size is listed at 1,650 square feet. The duplex includes a two-car garage on the left-hand side. The property is being sold as-is.
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.
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.
Key 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.
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 |
1,650 SF · lease $12.48/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$195.8K
$171.4K – $228.5K
NOI $13,708 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$177.7K
$155.5K – $207.3K
NOI $12,436 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$343.8K
$300.8K – $401.1K
NOI $24,064 @ 7.0% cap · market cap 15.05%
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 - Two 2-bed, 1-bath units in a shotgun-style duplex, with a shared 2-car garage, sold as-is.
Where is this duplex located?
The property is located at 905 Byars Avenue Lexington, KY.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 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.
