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Lexington Multifamily Investment Opportunity
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912 N Limestone, Lexington, KY 40505

Portfolio of 14 units in Lexington's NoLi neighborhood.

Property Size4,224 SF
Price / SF$437.97
Days on Market202

Property Features for 912 N Limestone

General Information

Standard status Active
Size 4,224 SF
Class B
Property subtype Multifamily
Zoning R-3

Building Details

Year Built 1949
Year Renovated 2017
Buildings 5
Stories 2
Units 14
Listing Agency: SVN | Stone Commercial Real Estate
Listed By: Rachel Ridd · License #KN 287622
Source: Crexi
Added: Feb 12 Changed: Aug 31 Last Checked: Jul 21 at 9:52AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Stone Commercial Real Estate

Investment Insights

Based on property information with market context.

This multifamily investment opportunity is located in Lexington’s NoLi (North Limestone) neighborhood. The portfolio includes a quadplex at 525 N Limestone, two duplexes at 914 and 916 N Limestone, and two triplexes at 912 and 918 N Limestone, totaling 14 units. The properties are positioned along the North Limestone corridor, with walkability to Greyline Station, local retailers, community gardens, and neighborhood events, along with access to Lextran public transportation serving downtown and the University of Kentucky. Originally built in 1949/1965 and fully renovated in 2017, the residences blend historic character with modern updates. The average monthly rent at 912–918 N Limestone is approximately $980 per unit, while the average monthly rent at 525 N Limestone is approximately $880. Zoned R-3, this low-rise multifamily portfolio offers scale, location, and long-term value in one of Lexington’s revitalizing districts. The property size is 4,224 square feet.

Key Highlights

  • Portfolio of 5 multifamily properties totaling 14 units in Lexington's NoLi neighborhood.
  • Excellent location with high walkability to Greyline Station, retailers, and community amenities.
  • Fully renovated in 2017, blending historic character with modern updates.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Dental Office (Bike/Boat/Book/etc) Store Skin Care Clinic Parking Lot & Garage Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

790
Businesses Nearby

Demographics for 40505, KY

26,278
Population
12,026
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,285
Density / Sq Mi
$58,922
Median Household Income
$33,517
Median Earnings
$914
Median Rent
$166,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Portfolio of 14 units in Lexington's NoLi neighborhood.
Where is this multifamily property located?
The property is located at 912 N Limestone Lexington, KY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Portfolio of 5 multifamily properties totaling 14 units in Lexington's NoLi neighborhood.; Excellent location with high walkability to Greyline Station, retailers, and community amenities.; Fully renovated in 2017, blending historic character with modern updates.
(859) 327-7261 Call to check price and availability
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