Residential Income

Lexington, KY Residential Income Properties for Sale

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Stone-Facade 4-Unit Apartment Building
Updated: Oct 22
Stone-Facade 4-Unit Apartment Building

1409 Fontaine Road, Lexington, KY 40502

$1,150,000
5,670 sqft 0.22 AC lot
Four units: three 1BR/1BA apartments of approximately 1,150 SF each and one 2BR/1BA apartment of approximately 1,850 SF
5,670 SF above grade plus an unfinished 1,890 SF basement
All four units leased; lease expirations range from April through June 2027
R‑3 zoning on a 0.22‑acre lot
Shingle roof (2020), flat roof (2025), five separately metered electrical panels, and PEX plumbing updates
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10-Bedroom Duplex with Walkout Basements
Updated: Sep 30
10-Bedroom Duplex with Walkout Basements

3160 High Ridge Drive, Lexington, KY 40517

$559,000
4,992 sqft 0.29 AC lot
Two units, each with 5 bedrooms and 3 full bathrooms
Walkout basement in each residence
4,992 square feet on a 0.291‑acre lot
R‑1T zoning
Flooring installed in 2025; bathrooms updated
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8-Unit Apartment Building
8-Unit Apartment Building

388 Redding Road, Lexington, KY 40517

$889,900
7,300 sqft 0.27 AC lot

Fully occupied multifamily property with month-to-month leases and substantial recent exterior and building-system improvements.

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Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

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Duplex with Walkout Basements
Duplex with Walkout Basements

3160 High Ridge Dr, Lexington, KY 40517

$559,000
4,992 sqft

Both residences have five bedrooms, three full bathrooms, and separate walkout basements.

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Five-Bedroom Duplex with Front Porch
Five-Bedroom Duplex with Front Porch

1056-1058 Fontaine Road, Lexington, KY 40502

$725,000
3,149 sqft 0.22 AC lot

Two separate units provide flexible living arrangements with kitchens, dining areas, and lower-level storage and laundry facilities.

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Duplex with Expanded Basement Space
Duplex with Expanded Basement Space

3225 Mammoth Drive, Lexington, KY 40517

$389,000
3,375 sqft 0.33 AC lot

Both residences include two main-level bedrooms, with additional finished living areas below grade.

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Partially Furnished Triplex
Partially Furnished Triplex

304-306 Ridgeway Road, Lexington, KY 40502

$699,000
2,244 sqft 0.17 AC lot

Multifamily property with one-bedroom units near the University of Kentucky, downtown Lexington, and UK HealthCare.

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12-Unit Apartment Property
12-Unit Apartment Property

1801 & 1805 Gerald Dr, Lexington, KY 40511

$874,900
10,368 sqft

Two buildings feature separately metered apartments with updated electrical systems and HVAC.

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Duplex with Attached Garage
Duplex with Attached Garage

719 Camino Drive, Lexington, KY 40502

$449,000
2,577 sqft 0.33 AC lot

Three bedrooms, three full bathrooms, and a finished basement provide flexible living space.

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Two-Unit Duplex with Storage
Two-Unit Duplex with Storage

415-417 Oak Street, Lexington, KY 40508

$285,000
1,316 sqft 0.22 AC lot

R-2-zoned duplex with separate residences, month-to-month tenancies, and an additional storage unit.

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Ranch-Style Residential Property
Ranch-Style Residential Property

617 Durning Rd, Lexington, KY 40509

$510,000
1,906 sqft

Single-level living includes a private garage, updated interior finishes, and access to community recreation amenities.

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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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Occupied Duplex Investment
Occupied Duplex Investment

270 Sherman Avenue, Lexington, KY 40502

$445,000
2,160 sqft 0.16 AC lot

Fully leased two-unit property with separate living spaces and tenant-paid utilities in Lexington’s Kenwick neighborhood.

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Renovated 8-Unit Apartment Building
Renovated 8-Unit Apartment Building

388 Redding Rd, Lexington, KY 40517

$889,900
7,300 sqft

Fully occupied multifamily property with recent exterior and electrical improvements, plus updated interiors in select units.

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Two-Unit Duplex with Off-Street Parking
Two-Unit Duplex with Off-Street Parking

507 E 7th Street, Lexington, KY 40505

$110,000
696 sqft 0.09 AC lot

Two compact residences share one structure, with kitchens, full baths, tile flooring, and wall-unit cooling.

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Two-Unit Duplex with Metal Roof
Two-Unit Duplex with Metal Roof

511 E 7th Street, Lexington, KY 40505

$110,000
640 sqft 0.06 AC lot

Compact duplex with two independent one-bedroom residences and shared rear parking access.

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Three-Building Mixed-Use Property
Three-Building Mixed-Use Property

109119 109-119 N Mill St, Lexington, KY 40507

$2,600,000
12,000 sqft

Combines apartment residences with retail storefront space across contiguous buildings.

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Two-Unit Townhome Property
Two-Unit Townhome Property

2540 Lindenhurst Loop lot: 2542, Lexington, KY 40509

$339,800
2,000 sqft 0.10 AC lot

Each residence has two bedrooms and 1.5 bathrooms, with separate deed records for the two properties.

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Five-Bedroom Duplex
Five-Bedroom Duplex

1056-1058 Fontaine Road, Lexington, KY 40502

$725,000
3,149 sqft

Two separate living units with private kitchens, spacious common areas, a front porch, and a large backyard.

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Six-Unit Multifamily Building
Six-Unit Multifamily Building

1650 Meadowthorpe Ave, Lexington, KY 40511

$600,000
5,143 sqft 0.28 AC lot

Corner-lot multifamily property with long-term tenants and access to New Circle.

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136-Unit Garden-Style Apartment Community
136-Unit Garden-Style Apartment Community

1340 Alexandria Dr, Lexington, KY 40504

$3,500,000
125,000 sqft

The R-4-zoned community is near the University of Kentucky, UK HealthCare and three Amazon logistics centers.

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Two-Unit Duplex
Two-Unit Duplex

234-236 Simba Way lot: 236, Lexington, KY 40509

$375,000
2,576 sqft 0.08 AC lot

Both residences are leased, and the property has no HOA.

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Updated Quadplex with Garage Parking
Updated Quadplex with Garage Parking

509 W 3rd St, Lexington, KY 40508

$625,000
3,585 sqft

Fully leased four-unit property with separately metered electrical and private outdoor space.

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Fully Occupied Duplex
Fully Occupied Duplex

1840 Chatsworth Drive, Lexington, KY 40515

$264,900
1,672 sqft 0.31 AC lot

Two occupied residential units provide a straightforward multifamily configuration with established tenancy in place.

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Lexington, KY Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Lexington, KY, showcased through 69 active listings on our real estate platform. These investment opportunities span a total of 447,892 square feet of properties for sale, with an estimated market value of $47,172,300.

Sale prices for residential investment properties in Lexington, KY start at $110,000, averaging $693,710, and reaching up to $5,700,000 — 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

Multifamily properties 63
Duplexes 39
Apartment buildings 10
Quadplexes 7
Triplexes 3

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
40505 $136.6K
40516 $205K
40508 $298.4K
40515 $334K
40509 $385K

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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