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    Lexington, KY
    Quadplex

    Lexington, 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

    $650,000
    3,585 sqft 0.18 AC lot
    Four‑plex income property that is currently fully leased, generating over $50,000 in annual rental income.
    Electrical updates completed in 2021 with separately metered units, offering flexibility for potential individual unit sale.
    Major system upgrades include high‑efficiency heating and cooling; natural gas and electric heating are listed.
    Original features include vaulted ceilings, hardwood floors, and classic window moldings.
    Units have in‑unit washer and dryer, plus private fenced backyards and a community firepit.
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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

      4.6%
      NOI ÷ price

    • Est. NOI

      $30K
      Annual

    • Mortgage

      $451K
      Mar 2022

    • Last Sold

      Mar 2022
      $530K

    • Property Type

      Apartments (Generic)
      Built 1920
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    Updated Four-Unit Apartment Complex
    Updated: Apr 9
    Updated Four-Unit Apartment Complex

    1640 Nicholasville Road, Lexington, KY 40503

    $775,000
    4,097 sqft 0.69 AC lot
    4‑unit apartment complex; each unit has 2 bedrooms and 2 full bathrooms
    Units are located on the third floor of a professional office building
    Next to Central Baptist Hospital and just over 1 mile from the University of Kentucky
    Common laundry area with coin‑operated machines
    Elevator and stair access plus an onsite paved parking lot
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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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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Lexington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Quadplex Income Property
    Turn-Key Quadplex Income Property

    265 S Highland Street, Winchester, KY 40391

    $455,000
    5,058 sqft 0.14 AC lot

    Updated quadplex with four two-bedroom units, each with a private laundry area and separately metered utilities.

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    Four-Unit Multifamily with Oversized Living
    Four-Unit Multifamily with Oversized Living

    201-203 W Campbell Street, Frankfort, KY 40601

    $399,999
    3,400 sqft 0.18 AC lot

    Four-unit multifamily with large 1-bedroom/1-bath units and current monthly rents totaling $3,425.

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    Fully Leased Fourplex
    Fully Leased Fourplex

    23 Wheeler Avenue, Winchester, KY 40391

    $389,900
    4,687 sqft 0.23 AC lot

    Fully leased fourplex with long-term tenants and utilities paid by residents, positioned across from a park with ample parking.

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    Frankfort, KY Fourplex Investment
    Frankfort, KY Fourplex Investment

    304 Quachita Trail, Frankfort, KY 40601

    $374,000
    3,450 sqft 0.21 AC lot

    Fourplex investment property in Frankfort, KY with consistent rental income.

    View details

    Lexington, KY Quadplexes Market Trends and Statistics

    Explore 3 quadplexes for sale in Lexington, KY, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 11,422 square feet of properties for sale, with an estimated market value of $2,224,000.

    Sale prices for four-unit buildings in Lexington, KY start at $650,000, averaging $741,333, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 14
    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
    40517 $525K
    40508 $650K
    40503 $775K
    40502 $799K

    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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