Lexington, KY Residential Income Properties for Sale

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Updated: Jul 18

Duplex With Basement Garage

3556 - 3560 Honey Jay Court, Lexington, KY 40517

$289,000

2,508 sqft 0.21 AC lot

Duplex built in 1976 with 2 bedrooms and 1 full bath in each unit
Each unit includes a basement‑level one‑car garage plus two finished basement rooms
One unit will be vacant soon, offering flexibility to update or move in
One finished basement room has an exterior door for added versatility
Heating and cooling: heat pump (heating) and heat pump (cooling)

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3556 - 3560 Honey Jay Court, Lexington, KY 40517

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Est. Cap Rate

7.4%
Above avg (5.9%)
Est. NOI

$21K
Annual
Price @ 7% Cap

$306K
Above asking
Property Type

Duplex
Built 1976

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Updated: Jul 1

Historic Duplex Portfolio

148 - 152 E Fourth Street, Lexington, KY 40508

$749,000

4,900 sqft 0.29 AC lot

Portfolio of two neighboring historic duplexes in downtown Lexington, both fully occupied
Total of four residences: four 2‑bedroom, 1‑bath units across the two buildings
Built in 1890 and restored while preserving historic character
Restored hardwood floors, tall ceilings, and updated kitchens and baths in the residences
Shared off‑street parking lot serving both buildings

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4-Unit Condo Apartment Building

1640 Nicholasville Road, Lexington, KY 40503

$775,000

4,097 sqft 0.69 AC lot

Four 2-bedroom, 2-bath condo units are located on the third floor of a professional office building.

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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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Luxury Chevy Chase Multifamily Property

319 Duke Rd, Lexington, KY 40502

$5,100,000

23,216 sqft

High-end 24-unit property in Lexington's desirable Chevy Chase neighborhood.

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Lexington Mixed-Use Investment Opportunity

109-119 N Mill Street, Lexington, KY 40507

$2,600,000

11,000 sqft 0.10 AC lot

Six apartments and two retail storefronts in three buildings.

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Lexington Triplex Investment Opportunity

1205, 1207, 1209 Reva Ridge Way, Lexington, KY 40517

$682,500

3,564 sqft 0.14 AC lot

Triplex in Lexington with strong income potential in prime location.

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Live-Work Office with Patio

117 Maxwell Street, Lexington, KY 40508

$260,000

958 sqft

Remodeled office and live-work setup with fireplaces, exposed hardwood floors, a kitchenette, and a fenced side patio.

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All-Brick Duplex Investment

2004-2006 Writt Court, Lexington, KY 40505

$289,000

1,932 sqft 0.26 AC lot

All-brick duplex offering two units, each with two bedrooms, a full bath, and living room and kitchen.

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Residential Income Duplex Property

310 Hanover Court, Lexington, KY 40502

$400,000

2,545 sqft 0.12 AC lot

Residential income property in Lexington, offered as-is, with a detached garage and recent roof, water heater, and vinyl windows.

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Multi-Family Investment Opportunity

108 Surfside Dr, Lexington, KY 40503

$875,000

12-unit multi-family building in high-demand submarket, priced for redevelopment.

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Turn-Key Four-Plex Income Property

509 W 3rd Street, Lexington, KY 40508

$625,000

3,585 sqft 0.18 AC lot

Fully leased four-plex with updated heating and cooling, separately metered electrical, and in-unit washer/dryer in each unit.

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Renovated Duplex with Brick Veneer

180 Tartan Drive, Lexington, KY 40517

$275,000

836 sqft 0.38 AC lot

Renovated duplex with brick veneer, currently fully rented, converted to one-bedroom units under R-2 zoning.

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Lexington Mixed-Use Investment Portfolio

201-235 Woodland Ave, 473-477 East Maxwell, 488-498 East High Street, Lexington, KY 40502

$3,595,000

Multi-family and commercial properties near the University of Kentucky.

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Duplex with Two Private Units

270 Sherman Avenue, Lexington, KY 40502

$459,000

2,160 sqft 0.16 AC lot

Versatile duplex featuring two separate units, each with its own private living space in Lexington, KY.

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Historic Duplex with Off-Street Parking

152 E Fourth Street, Lexington, KY 40508

$375,000

2,322 sqft 0.18 AC lot

Restored 19th-century duplex features two fully occupied 2-bedroom, 1-bath units with off-street parking.

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Mixed-Use Investment Portfolio

201 Woodland Ave, Lexington, KY 40502

Contact for pricing

16,000 sqft

Portfolio pairs residential income units with commercial space within four blocks of the University of Kentucky main campus.

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Restored 19th-Century Duplex

148 E Fourth Street, Lexington, KY 40508

$400,000

2,578 sqft 0.12 AC lot

Fully occupied restored duplex with two 2-bedroom, 1-bath units, updated kitchens and baths, and off-street parking.

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Renovated Multifamily Apartment Community

2111 Lansill Rd, Lexington, KY 40504

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Multifamily community with 99 units offering one-, two-, and three-bedroom floor plans and multiple renovated unit and common-area improvements.

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Residential Income Duplex

436 Ohio Street, Lexington, KY 40508

$100,000

4,200 sqft 0.10 AC lot

Vacant duplex-style residential income property in Lexington’s Fayette County, sized at about 4,200 square feet.

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Duplex Student Housing Opportunity

241 Kentucky Ave, Lexington, KY 40502

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Duplex with front 3-bedroom unit and back 4-bedroom unit, currently 100% leased including the 2020-21 school year.

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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-plex buildings sold together, offering eight long-term occupied units with central HVAC.

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Two-Unit Residential Duplex

826 W. Maxwell Street, Lexington, KY 40508

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Two-family home currently configured for separate units with outdoor entrances and off-street parking, zoned R-2.

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Duplex with Detached Garage

1318 Highland Park Drive, Lexington, KY 40505

$199,900

1,344 sqft 0.17 AC lot

Duplex with two residential units, unfinished basement, large backyard, detached garage, and off-street parking.

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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 35 active listings on our real estate platform. These investment opportunities span a total of 131,585 square feet of properties for sale, with an estimated market value of $23,686,600.

Sale prices for residential income properties in Lexington, KY start at $100,000, averaging $764,083, and reaching up to $5,100,000 — 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

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
40508	$285.4K
40517	$526.2K
40504	$607K
40503	$705K
40505	$739.9K

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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