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    Lexington, KY
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    Lexington, KY Triplexes for Sale

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    Triplex with Three Units
    Updated: Mar 18
    Triplex with Three Units

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

    $682,500
    3,564 sqft 0.14 AC lot
    Three units at 1205, 1207, and 1209 Reva Ridge Way
    Approx. 1,188 SF per unit with two bedrooms and 1.5 baths
    Built in 1984 with a composition roof
    0.137‑acre lot
    Electric cooling with heat pump and electric heating
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    This listing looks promising.

    Here's a quick look at some key insights for

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

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    • Est. Cap Rate

      4.5%
      NOI ÷ price

    • Est. NOI

      $30K
      Annual

    • Price @ 7% Cap

      $434K
      Suggested

    • Property Type

      Townhouse
      Built 1984
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 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.

    Mixed-Use Triplex with Storefront
    Mixed-Use Triplex with Storefront

    502 W Lexington Avenue, Winchester, KY 40391

    $340,000
    4,798 sqft 0.18 AC lot

    Brick property offers a street-facing commercial space and two upstairs two-bedroom apartments.

    View details
    Historic Triplex Income Property
    Historic Triplex Income Property

    209 S 1st Street, Nicholasville, KY 40356

    $224,900
    2,941 sqft 0.23 AC lot

    Cash-flowing triplex with three occupied units, month-to-month tenants, and separately billed water and electric utilities.

    View details
    Triplex With Carport and Storage
    Triplex With Carport and Storage

    221 S Highland Street, Winchester, KY 40391

    $239,000
    3,007 sqft 0.16 AC lot

    Triplex in R-1C zoning with three separate living areas, plus a back parking area, carport, and storage building.

    View details
    Historic Three-Unit Triplex
    Historic Three-Unit Triplex

    209 S 1st St, Nicholasville, KY 40356

    $224,900
    2,941 sqft

    Occupied month-to-month units provide operational flexibility and immediate rental income.

    View details

    Lexington, KY Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Lexington, KY on our real estate platform. These investment opportunities span a total of 3,564 square feet of properties for sale, with an estimated market value of $682,500.

    Sale prices for three-family homes in Lexington, KY average $682,500 — 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 23
    Apartment buildings 6
    Short term rental properties 3
    Quadplexes 2
    Triplexes 1

    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 $682.5K
    40502 $750K

    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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    Most Searched ZIP Codes in Lexington, KY

    • 40502
    • 40517

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