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    Lexington, KY Multifamily Properties for Sale

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    8-Unit Apartment Building
    Updated: Aug 19
    8-Unit Apartment Building

    388 Redding Road, Lexington, KY 40517

    $944,900
    7,300 sqft 0.27 AC lot
    8‑unit apartment building with 7,300 square feet
    100% occupied with all 8 tenants on month‑to‑month leases
    0.2686‑acre site; built in 1978
    Recent roof, gutter, window, siding, and breaker‑panel improvements
    Several units have been updated or renovated
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    Historic Four-Unit Duplex Portfolio
    Updated: Jul 1
    Historic Four-Unit Duplex Portfolio

    148 - 152 E Fourth Street, Lexington, KY 40508

    $725,000
    4,900 sqft 0.29 AC lot
    Two neighboring duplexes with four total 2‑bedroom, 1‑bath residences
    4,900 square feet on 0.292 acres
    Built in 1890 with restored historic character
    All four residences are fully occupied
    Shared off‑street parking lot serves both buildings
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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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    Renovated 8-Unit Apartment Building
    Renovated 8-Unit Apartment Building

    388 Redding Rd, Lexington, KY 40517

    $944,900
    7,300 sqft

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

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    Updated Duplex with Screened Patio
    Updated Duplex with Screened Patio

    607 Camino Drive, Lexington, KY 40502

    $599,000
    2,562 sqft 0.16 AC lot

    Updated two-level duplex residence with a fenced backyard, tandem garage, and flexible lower-level living space.

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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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    Duplex with Wraparound Porch
    Duplex with Wraparound Porch

    145 N Ashland Avenue, Lexington, KY 40502

    $375,000
    2,091 sqft 0.20 AC lot

    Cape Cod residence with two kitchens, original millwork, hardwood flooring, and flexible multi-unit potential.

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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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    Fully Occupied Duplex
    Fully Occupied Duplex

    1840 Chatsworth Drive, Lexington, KY 40515

    $275,900
    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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    Apartment Building with Retail
    Apartment Building with Retail

    109-119 N Mill Street, Lexington, KY 40507

    $2,600,000
    11,000 sqft 0.10 AC lot

    Three connected brick buildings combine apartment residences with street-level storefront space in downtown Lexington.

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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-Bedroom Duplex
    Two-Bedroom Duplex

    415-417 Oak Street, Lexington, KY 40508

    $285,000
    1,316 sqft 0.22 AC lot

    Duplex in R-2 zoning with 2-bed, 1-bath units and on-street parking, built in 1977.

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    All-Brick Duplex on a Quiet Court
    All-Brick Duplex on a Quiet Court

    2004-2006 Writt Court, Lexington, KY 40505

    $289,000
    1,932 sqft 0.26 AC lot

    All-brick duplex with two-bedroom layouts and central air, built in 1965 on a quiet court.

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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

    346 E 2nd St, Lexington, KY 40508

    $159,900
    1,134 sqft 0.06 AC lot

    Two residential units offer separate living areas, kitchens, bedrooms, and full bathrooms within an established rental property.

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    Triplex with Three Units
    Triplex with Three Units

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

    $682,500
    3,564 sqft 0.14 AC lot

    Three-unit triplex built in 1984, with two-bedroom, 1.5-bath layouts in each unit and electric heating and cooling.

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    Updated Three-Unit Triplex
    Updated Three-Unit Triplex

    304306 304-306 Ridgeway Rd, Lexington, KY 40502

    $715,000
    2,244 sqft

    Partially furnished property near the University of Kentucky, downtown Lexington, and UK HealthCare.

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    Turn-Key Four-Plex Income Property
    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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    Updated Triplex
    Updated Triplex

    304-306 Ridgeway Rd, Lexington, KY 40502

    $715,000
    2,244 sqft

    Three one-bedroom, one-bath residences convey with furnishings included in part of the property.

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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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    16-Unit Studio Apartment Building
    16-Unit Studio Apartment Building

    1416 Townley Drive, Lexington, KY 40511

    $1,250,000
    5,040 sqft 0.41 AC lot

    Multifamily property with studio residences, individual kitchens, basement storage, and updated exterior staircases.

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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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    Multifamily Property with Wrap-Around Porch
    Multifamily Property with Wrap-Around Porch

    145 N Ashland Ave, Lexington, KY 40502

    $375,000
    2,091 sqft

    1907 home with two kitchens and a flexible multi-unit layout near downtown Lexington.

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    Duplex With Detached Garage
    Duplex With Detached Garage

    310 Hanover Court, Lexington, KY 40502

    $375,000
    1,901 sqft 0.12 AC lot

    R-2-zoned property with natural gas heat, covered parking, and a detached garage with workbench space.

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    Lexington, KY Multifamily Properties Market Trends and Statistics

    Explore 80 multifamily properties for sale in Lexington, KY, showcased through 80 active listings on our real estate platform. These investment opportunities span a total of 387,223 square feet of properties for sale, with an estimated market value of $46,098,899.

    Sale prices for multifamily properties in Lexington, KY start at $100,000, averaging $755,719, and reaching up to $6,500,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 44
    Apartment buildings 15
    Quadplexes 5
    Triplexes 5
    Short term rental properties 2

    Demographics Overview

    Population 322K
    Population Growth (5Y) +1.0%
    Median Household Income $71,202
    College Educated 25.6%

    High-Yield Neighborhoods for Investment

    Identify Lexington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40505 $177.8K
    40515 $349.8K
    40508 $369.7K
    40517 $480.2K
    40503 $683.3K

    Taxes & Financing

    Tax Rate (average for all types) 1.22%
    Property Tax per SF $11.25 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Fayette County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Fayette County

    Retail

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Lexington fall within the 100,000+ square foot range.

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    Popular Searches in Lexington, KY

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    Most Searched ZIP Codes in Lexington, KY

    • 40508
    • 40502
    • 40505
    • 40517
    • 40515
    • 40504
    • 40507
    • 40503
    • 40511
    • 40509

    Featured Lexington Real Estate Agencies

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

    Keller Williams Commonwealth
    1908 Bryant Rd, Suite 250 Lexington, KY 40509
    Phone: 18597212121
    www.kwcommonwealth.com
    United Real Estate Lexington KY
    444 Lewis Hargett Circle, Ste. 180 Lexington, KY 40503
    Phone: 18593966706
    www,unitedrealestatelexingtonky.com

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