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    Lexington, KY Multifamily Properties for Sale

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    8-Unit Apartment Building
    Updated: Apr 15
    8-Unit Apartment Building

    388 Redding Road, Lexington, KY 40517

    $974,900
    7,300 sqft 0.27 AC lot
    8‑unit apartment building with 100% occupancy (all 8 tenants)
    All tenants are on month‑to‑month leases, providing flexibility for rent increases and future unit updates
    Recent major capital improvements include newer roof, gutters, windows, siding, and breaker panels
    Central air cooling
    Electric heating
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    This listing looks promising.

    Here's a quick look at some key insights for

    388 Redding Road, Lexington, KY 40517

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    • Est. Cap Rate

      5.7%
      NOI ÷ price

    • Est. NOI

      $56K
      Annual

    • Price @ 7% Cap

      $796K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1978
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    Well-Maintained Triplex for Sale
    Updated: Jun 18
    Well-Maintained Triplex for Sale

    2037/2039 Fontaine Road, Lexington, KY 40502

    $750,000
    3,725 sqft 0.38 AC lot
    Triplex built in 1966 with three rented units and tenants in place
    Two first‑floor units each have 2 bedrooms and 1.5 bathrooms with a full kitchen, dining area, and spacious living room
    Basement unit includes 1 bedroom and 1 bathroom with a full kitchen, dining area, and living room
    Each unit features fireplaces and hardwood flooring
    Heating includes baseboard, forced air, and natural gas; cooling is electric
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    Renovated Four-Plex Portfolio
    Renovated Four-Plex Portfolio

    1041-1043 Cross Keys Road, Lexington, KY 40504

    $799,000
    7,056 sqft 0.59 AC lot

    Two fully renovated four-plexes sold together with eight long-term occupied units and extensive interior and systems upgrades.

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    Historic Duplex Portfolio with Parking
    Historic Duplex Portfolio with Parking

    148 - 152 E Fourth Street, Lexington, KY 40508

    $799,000
    4,900 sqft 0.29 AC lot

    Turnkey, fully occupied duplex portfolio with four 2-bedroom homes and shared off-street parking.

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    Leased Brick Ranch Duplex
    Leased Brick Ranch Duplex

    35563560 Honey Jay Court, Lexington, KY 40517

    $379,999
    2 sqft

    Brick ranch duplex with both units currently leased for $1,500 per month each.

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    Updated Four-Unit Apartment Complex
    Updated Four-Unit Apartment Complex

    1640 Nicholasville Road, Lexington, KY 40503

    $775,000
    4,097 sqft 0.69 AC lot

    Prime Lexington location near hospital and university with strong rental demand.

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    Well-Maintained Duplex Property
    Well-Maintained Duplex Property

    615-617 Lane Allen Road, Lexington, KY 40504

    $415,000
    2,835 sqft 0.22 AC lot

    Own a Lexington duplex with flexibility to live in one unit and rent the other in Rosemont Garden.

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    Lexington Multifamily Investment Opportunity
    Lexington Multifamily Investment Opportunity

    912 N Limestone, Lexington, KY 40505

    $1,850,000
    4,224 sqft

    Portfolio of 14 units in Lexington's NoLi neighborhood.

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    Ashland Park Fourplex Investment Opportunity
    Ashland Park Fourplex Investment Opportunity

    122 S Hanover Avenue, Lexington, KY 40502

    $799,000
    3,740 sqft 0.17 AC lot

    Stately brick fourplex near Downtown, Chevy Chase, and UK.

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    Lexington Mixed-Use Investment Opportunity
    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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    Luxury Chevy Chase Multifamily Property
    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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    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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    As-Is Residential Income Property
    As-Is Residential Income Property

    424 N Upper St, Lexington, KY 40508

    $289,000
    2,006 sqft 0.10 AC lot

    Residential income multifamily property offered for sale as-is, with seller-assisted attorney-in-fact approval required for offers.

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    Mixed-Use Gem in Downtown Lexington
    Mixed-Use Gem in Downtown Lexington

    144 North Broadway, Lexington, KY 40507

    $6,500,000
    18,032 sqft

    Four-story mixed-use building in the heart of downtown Lexington.

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    Lexington Triplex Investment Opportunity
    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
    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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    Multi-Family Investment Opportunity
    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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    Residential Income Duplex Property
    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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    Lexington Mixed-Use Investment Portfolio
    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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    Turn-Key Four-Plex Income Property
    Turn-Key Four-Plex Income Property

    509 W 3rd Street, Lexington, KY 40508

    $650,000
    3,585 sqft 0.18 AC lot

    Four-plex with fully leased units, in-unit washers and dryers, and recent HVAC and electrical upgrades.

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    Shotgun-Style Duplex With Garage
    Shotgun-Style Duplex With Garage

    905 Byars Avenue, Lexington, KY 40505

    $159,900
    1,650 sqft 0.14 AC lot

    Two 2-bed, 1-bath units in a shotgun-style duplex, with a shared 2-car garage, sold as-is.

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    Renovated Duplex with Brick Veneer
    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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    Ranch Duplex With Two Laundry Rooms
    Ranch Duplex With Two Laundry Rooms

    755-757 Terrace View Drive, Lexington, KY 40504

    $249,900
    1,582 sqft 0.18 AC lot

    Ranch duplex offers two separate units, each with two bedrooms, one bath, and a dedicated laundry room.

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    Duplex Income Property with Garage
    Duplex Income Property with Garage

    1318 Highland Park Drive, Lexington, KY 40505

    $199,900
    1,344 sqft 0.17 AC lot

    Duplex with two units, a detached garage, off-street parking, and a large backyard on a small lot.

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    Lexington, KY Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Lexington, KY, showcased through 35 active listings on our real estate platform. These investment opportunities span a total of 123,606 square feet of properties for sale, with an estimated market value of $28,257,398.

    Sale prices for multifamily properties in Lexington, KY start at $159,900, averaging $1,009,192, 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 21
    Apartment buildings 5
    Quadplexes 3
    Short term rental properties 3
    Triplexes 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
    40508 $444.8K
    40517 $526.2K
    40504 $607K
    40503 $705K
    40505 $739.9K

    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.

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    Most Searched ZIP Codes in Lexington, KY

    • 40502
    • 40508
    • 40517
    • 40503
    • 40504
    • 40505
    • 40507

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