Property profile

201 Patchen Dr 241 Lexington, KY 40517

OFF-MARKET
Residential income homes
Property ID
US34-0507682
14,490 SF 9.14 ac lot Built 1973
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1973
Total area 14,490 SF
Lot 9.14 ac (398,138 SF)
Zoning code R-4
APN 10219861
UPID US34-0507682

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

201 Patchen Dr, Unit 241 Lexington, KY 40517-4462
Lexington metro Census 3402 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.79M
Blend (final) Blend
$7.03M

Owner & transaction history

Zoning & alternative use

R-4 · Lexington, KY
Zoning description

e. R-4 zone shall be regulated as the R-5 zone. (c) In the Downtown Business Frame (B-2A) zone, where at least fifty (50%) percent of dwelling units of a lot are being provided at an affordable level, developments shall…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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