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    Fayette County, KY Multifamily Properties for Sale

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    63 properties
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    Stone-Facade 4-Unit Apartment Building
    Updated: Oct 22
    Stone-Facade 4-Unit Apartment Building

    1409 Fontaine Road, Lexington, KY 40502

    $1,150,000
    5,670 sqft 0.22 AC lot
    Four units: three 1BR/1BA apartments of approximately 1,150 SF each and one 2BR/1BA apartment of approximately 1,850 SF
    5,670 SF above grade plus an unfinished 1,890 SF basement
    All four units leased; lease expirations range from April through June 2027
    R‑3 zoning on a 0.22‑acre lot
    Shingle roof (2020), flat roof (2025), five separately metered electrical panels, and PEX plumbing updates
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    10-Bedroom Duplex with Walkout Basements
    Updated: Sep 30
    10-Bedroom Duplex with Walkout Basements

    3160 High Ridge Drive, Lexington, KY 40517

    $559,000
    4,992 sqft 0.29 AC lot
    Two units, each with 5 bedrooms and 3 full bathrooms
    Walkout basement in each residence
    4,992 square feet on a 0.291‑acre lot
    R‑1T zoning
    Flooring installed in 2025; bathrooms updated
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    8-Unit Apartment Building
    8-Unit Apartment Building

    388 Redding Road, Lexington, KY 40517

    $889,900
    7,300 sqft 0.27 AC lot

    Fully occupied multifamily property with month-to-month leases and substantial recent exterior and building-system improvements.

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    Duplex with Walkout Basements
    Duplex with Walkout Basements

    3160 High Ridge Dr, Lexington, KY 40517

    $559,000
    4,992 sqft

    Both residences have five bedrooms, three full bathrooms, and separate walkout basements.

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    Five-Bedroom Duplex with Front Porch
    Five-Bedroom Duplex with Front Porch

    1056-1058 Fontaine Road, Lexington, KY 40502

    $725,000
    3,149 sqft 0.22 AC lot

    Two separate units provide flexible living arrangements with kitchens, dining areas, and lower-level storage and laundry facilities.

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    Duplex with Expanded Basement Space
    Duplex with Expanded Basement Space

    3225 Mammoth Drive, Lexington, KY 40517

    $389,000
    3,375 sqft 0.33 AC lot

    Both residences include two main-level bedrooms, with additional finished living areas below grade.

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    Partially Furnished Triplex
    Partially Furnished Triplex

    304-306 Ridgeway Road, Lexington, KY 40502

    $699,000
    2,244 sqft 0.17 AC lot

    Multifamily property with one-bedroom units near the University of Kentucky, downtown Lexington, and UK HealthCare.

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    12-Unit Apartment Property
    12-Unit Apartment Property

    1801 & 1805 Gerald Dr, Lexington, KY 40511

    $874,900
    10,368 sqft

    Two buildings feature separately metered apartments with updated electrical systems and HVAC.

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    Duplex with Attached Garage
    Duplex with Attached Garage

    719 Camino Drive, Lexington, KY 40502

    $449,000
    2,577 sqft 0.33 AC lot

    Three bedrooms, three full bathrooms, and a finished basement provide flexible living space.

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    Two-Unit Duplex with Storage
    Two-Unit Duplex with Storage

    415-417 Oak Street, Lexington, KY 40508

    $285,000
    1,316 sqft 0.22 AC lot

    R-2-zoned duplex with separate residences, month-to-month tenancies, and an additional storage unit.

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    Renovated 8-Unit Apartment Building
    Renovated 8-Unit Apartment Building

    388 Redding Rd, Lexington, KY 40517

    $889,900
    7,300 sqft

    Fully occupied multifamily property with recent exterior and electrical improvements, plus updated interiors in select units.

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    All-Brick Duplex Income Portfolio
    All-Brick Duplex Income Portfolio

    1503 Roanoke Road, Lexington, KY 40504

    $800,000
    1,873 sqft 0.20 AC lot

    Turnkey package includes two single-family homes and an all-brick duplex with hardwood floors, all in R-2 zoning.

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    Occupied Duplex Investment
    Occupied Duplex Investment

    270 Sherman Avenue, Lexington, KY 40502

    $445,000
    2,160 sqft 0.16 AC lot

    Fully leased two-unit property with separate living spaces and tenant-paid utilities in Lexington’s Kenwick neighborhood.

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    Three-Building Mixed-Use Property
    Three-Building Mixed-Use Property

    109119 109-119 N Mill St, Lexington, KY 40507

    $2,600,000
    12,000 sqft

    Combines apartment residences with retail storefront space across contiguous buildings.

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    Two-Unit Duplex with Off-Street Parking
    Two-Unit Duplex with Off-Street Parking

    507 E 7th Street, Lexington, KY 40505

    $110,000
    696 sqft 0.09 AC lot

    Two compact residences share one structure, with kitchens, full baths, tile flooring, and wall-unit cooling.

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    Two-Unit Duplex with Metal Roof
    Two-Unit Duplex with Metal Roof

    511 E 7th Street, Lexington, KY 40505

    $110,000
    640 sqft 0.06 AC lot

    Compact duplex with two independent one-bedroom residences and shared rear parking access.

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    Five-Bedroom Duplex
    Five-Bedroom Duplex

    1056-1058 Fontaine Road, Lexington, KY 40502

    $725,000
    3,149 sqft

    Two separate living units with private kitchens, spacious common areas, a front porch, and a large backyard.

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    Two-Unit Townhome Property
    Two-Unit Townhome Property

    2540 Lindenhurst Loop lot: 2542, Lexington, KY 40509

    $339,800
    2,000 sqft 0.10 AC lot

    Each residence has two bedrooms and 1.5 bathrooms, with separate deed records for the two properties.

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    136-Unit Garden-Style Apartment Community
    136-Unit Garden-Style Apartment Community

    1340 Alexandria Dr, Lexington, KY 40504

    $3,500,000
    125,000 sqft

    The R-4-zoned community is near the University of Kentucky, UK HealthCare and three Amazon logistics centers.

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    Six-Unit Multifamily Building
    Six-Unit Multifamily Building

    1650 Meadowthorpe Ave, Lexington, KY 40511

    $600,000
    5,143 sqft 0.28 AC lot

    Corner-lot multifamily property with long-term tenants and access to New Circle.

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    Updated Quadplex with Garage Parking
    Updated Quadplex with Garage Parking

    509 W 3rd St, Lexington, KY 40508

    $625,000
    3,585 sqft

    Fully leased four-unit property with separately metered electrical and private outdoor space.

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    Two-Unit Duplex
    Two-Unit Duplex

    234-236 Simba Way lot: 236, Lexington, KY 40509

    $375,000
    2,576 sqft 0.08 AC lot

    Both residences are leased, and the property has no HOA.

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    New Construction Multifamily Property
    New Construction Multifamily Property

    3104 Daly Pl, Lexington, KY 40511

    $2,330,000
    1,360 sqft

    Built in 2024 with contemporary finishes and efficient floorplans.

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    Fully Occupied Duplex
    Fully Occupied Duplex

    1840 Chatsworth Drive, Lexington, KY 40515

    $264,900
    1,672 sqft 0.31 AC lot

    Two occupied residential units provide a straightforward multifamily configuration with established tenancy in place.

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    Fayette County, KY Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Fayette County, KY, showcased through 63 active listings on our real estate platform. These investment opportunities span a total of 439,142 square feet of properties for sale, with an estimated market value of $44,692,400.

    Sale prices for multifamily properties in Fayette County, KY start at $110,000, averaging $720,845, and reaching up to $5,700,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Featured Fayette County Real Estate Agencies

    Realmo connects you with licensed Fayette County CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    The Agency INC
    860 Corporate Drive, Suite 103 Lexington, KY 40503
    Phone: (859) 285-0614
    www.theagencyky.com
    Keller Williams Commonwealth
    1908 Bryant Rd, Suite 250 Lexington, KY 40509
    Phone: (859) 721-2121
    www.kwcommonwealth.com
    United Real Estate Lexington KY
    444 Lewis Hargett Circle, Ste. 180 Lexington, KY 40503
    Phone: (859) 396-6706
    www,unitedrealestatelexingtonky.com
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