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    Lexington, KY Multifamily Properties for Sale

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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
    View details
    Five-Bedroom Duplex with Front Porch
    Updated: Sep 11
    Five-Bedroom Duplex with Front Porch

    1056-1058 Fontaine Road, Lexington, KY 40502

    $725,000
    3,149 sqft 0.22 AC lot
    3,149‑square‑foot duplex on a 0.2236‑acre lot
    Five bedrooms and two bathrooms across two units: 3/1 and 2/1
    Built in 1926 with natural gas heating and electric cooling
    Front porch, large backyard, lower‑level storage, and laundry facilities
    Located at 1056‑1058 Fontaine Road in Lexington’s Ashland Park neighborhood
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    8-Unit Apartment Building
    8-Unit Apartment Building

    388 Redding Road, Lexington, KY 40517

    $899,900
    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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    4-Unit Apartment Building
    4-Unit Apartment Building

    1515 Fontaine Rd, Lexington, KY 40502

    $792,000
    3,654 sqft

    Each residence has a private front porch, while the basement provides laundry hookups and lockable storage for every unit.

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    4-Unit Quadplex with Covered Parking
    4-Unit Quadplex with Covered Parking

    1515 Fontaine Road, Lexington, KY 40502

    $792,000
    3,654 sqft 0.22 AC lot

    Each residence has one bedroom, one full bath, a basement storage unit, and a dedicated covered parking space.

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    Updated Duplex with Attached Garages
    Updated Duplex with Attached Garages

    1999 Fair Oaks Drive, Lexington, KY 40504

    $410,000
    3,068 sqft 0.25 AC lot

    One residence is vacant, while the other is occupied by a rent-paying tenant.

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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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    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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    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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    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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    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 Conversion Property with Garage
    Duplex Conversion Property with Garage

    310 Hanover Court, Lexington, KY 40502

    $325,000
    1,901 sqft 0.12 AC lot

    Existing improvements include updated vinyl windows, a newer roof, and a newer water heater.

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

    388 Redding Rd, Lexington, KY 40517

    $899,900
    7,300 sqft

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

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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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    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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    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 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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    Eight-Unit Apartment Building
    Eight-Unit Apartment Building

    438 Elm St, Lexington, KY 40508

    $650,000
    2,576 sqft

    Eight one-bedroom residences with off-street parking at a Lexington apartment property.

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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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    Tenant-Occupied Duplex
    Tenant-Occupied Duplex

    225 Mousas Way, Lexington, KY 40509

    $179,900
    2,176 sqft 0.04 AC lot

    The property is occupied by tenants and includes a shingle roof replaced approximately three years ago.

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    Lexington, KY Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Lexington, KY, showcased through 65 active listings on our real estate platform. These investment opportunities span a total of 447,173 square feet of properties for sale, with an estimated market value of $44,150,000.

    Sale prices for multifamily properties in Lexington, KY start at $100,000, averaging $689,843, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 40
    Apartment buildings 12
    Quadplexes 6
    Triplexes 3
    Short term rental properties 1

    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 $136.6K
    40516 $205K
    40508 $298.4K
    40515 $325.8K
    40504 $460.3K

    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)

    Property Size Breakdown

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

    How Realmo verifies these figures

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    Popular Searches in Lexington, KY

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    Most Searched ZIP Codes in Lexington, KY

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

    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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