Fayette County, KY Multifamily Properties for Sale

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32 properties

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Updated: Mar 26

Duplex with Detached Garage

1318 Highland Park Drive, Lexington, KY 40505

$199,900

1,344 sqft 0.17 AC lot

Duplex with 1,344 sq ft of living space plus 846 sq ft unfinished basement
Lower unit: 2 bed / 1 bath, 894 sq ft, rented for $975/month through March 2027
Upper unit: 1 bed / 1 bath, 450 sq ft; currently vacant
Detached garage plus off‑street parking
Large backyard

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This listing looks promising.

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1318 Highland Park Drive, Lexington, KY 40505

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Est. Cap Rate

5.6%
NOI ÷ price
Est. NOI

$11K
Annual
Price @ 7% Cap

$160K
Suggested
Property Type

Duplex
Built 1949

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Updated: Jul 1

Historic Duplex Portfolio

148 - 152 E Fourth Street, Lexington, KY 40508

$749,000

4,900 sqft 0.29 AC lot

Portfolio of two neighboring historic duplexes in downtown Lexington, both fully occupied
Total of four residences: four 2‑bedroom, 1‑bath units across the two buildings
Built in 1890 and restored while preserving historic character
Restored hardwood floors, tall ceilings, and updated kitchens and baths in the residences
Shared off‑street parking lot serving both buildings

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4-Unit Condo Apartment Building

1640 Nicholasville Road, Lexington, KY 40503

$775,000

4,097 sqft 0.69 AC lot

Four 2-bedroom, 2-bath condo units are located on the third floor of a professional office building.

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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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Luxury Chevy Chase Multifamily Property

319 Duke Rd, Lexington, KY 40502

$5,100,000

23,216 sqft

High-end 24-unit property in Lexington's desirable Chevy Chase neighborhood.

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Lexington Mixed-Use Investment Opportunity

109-119 N Mill Street, Lexington, KY 40507

$2,600,000

11,000 sqft 0.10 AC lot

Six apartments and two retail storefronts in three buildings.

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Lexington Triplex Investment Opportunity

1205, 1207, 1209 Reva Ridge Way, Lexington, KY 40517

$682,500

3,564 sqft 0.14 AC lot

Triplex in Lexington with strong income potential in prime location.

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All-Brick Duplex Investment

2004-2006 Writt Court, Lexington, KY 40505

$289,000

1,932 sqft 0.26 AC lot

All-brick duplex offering two units, each with two bedrooms, a full bath, and living room and kitchen.

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Live-Work Office with Patio

117 Maxwell Street, Lexington, KY 40508

$260,000

958 sqft

Remodeled office and live-work setup with fireplaces, exposed hardwood floors, a kitchenette, and a fenced side patio.

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Residential Income Duplex Property

310 Hanover Court, Lexington, KY 40502

$400,000

2,545 sqft 0.12 AC lot

Residential income property in Lexington, offered as-is, with a detached garage and recent roof, water heater, and vinyl windows.

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Turn-Key Four-Plex Income Property

509 W 3rd Street, Lexington, KY 40508

$625,000

3,585 sqft 0.18 AC lot

Fully leased four-plex with updated heating and cooling, separately metered electrical, and in-unit washer/dryer in each unit.

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Multi-Family Investment Opportunity

108 Surfside Dr, Lexington, KY 40503

$875,000

12-unit multi-family building in high-demand submarket, priced for redevelopment.

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Renovated Duplex with Brick Veneer

180 Tartan Drive, Lexington, KY 40517

$275,000

836 sqft 0.38 AC lot

Renovated duplex with brick veneer, currently fully rented, converted to one-bedroom units under R-2 zoning.

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Duplex with Two Private Units

270 Sherman Avenue, Lexington, KY 40502

$459,000

2,160 sqft 0.16 AC lot

Versatile duplex featuring two separate units, each with its own private living space in Lexington, KY.

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Lexington Mixed-Use Investment Portfolio

201-235 Woodland Ave, 473-477 East Maxwell, 488-498 East High Street, Lexington, KY 40502

$3,595,000

Multi-family and commercial properties near the University of Kentucky.

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Historic Duplex with Off-Street Parking

152 E Fourth Street, Lexington, KY 40508

$375,000

2,322 sqft 0.18 AC lot

Restored 19th-century duplex features two fully occupied 2-bedroom, 1-bath units with off-street parking.

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Restored 19th-Century Duplex

148 E Fourth Street, Lexington, KY 40508

$400,000

2,578 sqft 0.12 AC lot

Fully occupied restored duplex with two 2-bedroom, 1-bath units, updated kitchens and baths, and off-street parking.

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Renovated Multifamily Apartment Community

2111 Lansill Rd, Lexington, KY 40504

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Multifamily community with 99 units offering one-, two-, and three-bedroom floor plans and multiple renovated unit and common-area improvements.

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Residential Income Duplex

436 Ohio Street, Lexington, KY 40508

$100,000

4,200 sqft 0.10 AC lot

Vacant duplex-style residential income property in Lexington’s Fayette County, sized at about 4,200 square feet.

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Duplex Student Housing Opportunity

241 Kentucky Ave, Lexington, KY 40502

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Duplex with front 3-bedroom unit and back 4-bedroom unit, currently 100% leased including the 2020-21 school year.

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Renovated Fourplex Income Property

1041-1043 Cross Keys Road, Lexington, KY 40504

$799,000

7,056 sqft 0.59 AC lot

Two fully renovated four-plex buildings sold together, offering eight long-term occupied units with central HVAC.

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Two-Unit Residential Duplex

826 W. Maxwell Street, Lexington, KY 40508

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Two-family home currently configured for separate units with outdoor entrances and off-street parking, zoned R-2.

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8-Unit Apartment Building

388 Redding Road, Lexington, KY 40517

$959,900

7,300 sqft 0.27 AC lot

Fully occupied 8-unit building with recent exterior and electrical improvements and month-to-month tenant leases.

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Well-Maintained Triplex for Sale

2037/2039 Fontaine Road, Lexington, KY 40502

$750,000

3,725 sqft 0.38 AC lot

Fully rented triplex with three units, fireplaces, and hardwood floors across two 2-bedroom units and one basement unit.

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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 32 active listings on our real estate platform. These investment opportunities span a total of 110,518 square feet of properties for sale, with an estimated market value of $22,796,600.

Sale prices for multifamily properties in Fayette County, KY start at $100,000, averaging $786,089, and reaching up to $5,100,000 — 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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