Technical
Financial
Distress signals
Property profile

247 Stone Ave 249 Lexington, KY 40508

OFF-MARKET
Residential income homes
Property ID
US34-0599081
3,000 SF 0.17 ac lot Built 1925
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1925
Total area 3,000 SF
Lot 0.17 ac (7,562 SF)
Zoning code R-4
APN 14335100
UPID US34-0599081

Cap rate & NOI

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

Location

247 Stone Ave, Unit 249 Lexington, KY 40508-2629
Lexington metro Census 101 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.15M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.15M

Owner & transaction history

since 2024
Last sale
$5.2M
2 recorded transactions
2024
$5.2M
2016
$220,000

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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