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    Fayette County, KY Quadplexes for Sale

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    Turn-Key Four-Plex Income Property
    Updated: Apr 14
    Turn-Key Four-Plex Income Property

    509 W 3rd Street, Lexington, KY 40508

    $625,000
    3,585 sqft 0.18 AC lot
    Four‑plex income property with current full occupancy and over $55,000 in annual rental income
    Major system upgrades include high‑efficiency heating and cooling plus updated, separately metered electrical completed in 2021
    Year built 1920 with preserved original features including vaulted ceilings, hardwood floors, and classic window moldings
    In‑unit washer and dryer and a private fenced backyard, plus a community firepit
    On‑site covered garage parking with additional parking available
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    This listing looks promising.

    Here's a quick look at some key insights for

    509 W 3rd Street, Lexington, KY 40508

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    • Est. Cap Rate

      4.8%
      NOI ÷ price

    • Est. NOI

      $30K
      Annual

    • Price @ 7% Cap

      $425K
      Suggested

    • Last Sold

      Mar 2022
      $530K

    • Property Type

      Apartments (Generic)
      Built 1920
    View Property Analytics
    Renovated Fourplex Income Property
    Updated: Jun 19
    Renovated Fourplex Income Property

    1041-1043 Cross Keys Road, Lexington, KY 40504

    $799,000
    7,056 sqft 0.59 AC lot
    Two fully renovated four‑plexes sold together only at 1041 & 1043 Cross Keys Road, 8 total units
    Each apartment is 882 SF; total building area for both four‑plexes is 7,056 SF
    Renovations since 2015 include full electrical rewire, new plumbing fixtures, all new appliances, and central air added to all units
    Central HVAC plus electric heating and electric cooling; hardwood floors throughout
    Garage parking for tenants and washer/dryer hookups in every unit
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    Based on your search, we've compiled 2 Potential Opportunities for your consideration. Besides 2 Active listings in Fayette County, KY, we suggest exploring several alternatives:

    Fayette County, KY Quadplexes Market Trends and Statistics

    Explore 2 quadplexes for sale in Fayette County, KY on our real estate platform. These investment opportunities span a total of 10,641 square feet of properties for sale, with an estimated market value of $1,424,000.

    Sale prices for four-unit buildings in Fayette County, KY start at $625,000, averaging $712,000, and reaching up to $799,000 — 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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