509 W 3rd Street, Lexington, KY 40508
509 W 3rd Street, Lexington, KY 40508
509 W 3rd Street, Lexington, KY 40508
509 W 3rd Street, Lexington, KY 40508
509 W 3rd Street, Lexington, KY 40508
509 W 3rd Street, Lexington, KY 40508
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Barry Turner

Barry Turner

+1(606) 875-5988
$ 625,000

5 Beds

4 Baths

3,585 SqFt

Save
$ 625,000
Save

5 Beds

4 Baths

3,585 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,585 sqft

Price per Sqft $174

Subdivision Downtown

MLS Listing ID 26007853

Bedrooms 5

Full Baths 4

Year Built 1920

Lot Size 7,971 Sqft

Acres 0.18

Property Sub-Type Quadruplex

Property Description

Turn-key four-plex income property in one of downtown Lexington's most sought-after locations—the thriving Jefferson Corridor, surrounded by recently completed high-end developments. This investment opportunity is currently fully leased, generating over $55,000 in annual rental income with low maintenance requirements. Major system upgrades include high-efficiency heating and cooling, along with updated electrical that is separately metered completed in 2021—offering flexibility for potential individual unit sale. While preserving its original charm featuring vaulted ceilings, beautiful hardwood floors, and classic window moldings. Residents have in-unit washer and dryer and a private fenced backyard with community firepit. Additional highlights include on-site garage parking with extra parking available. Ideally located with short distance to the University of Kentucky, Rupp Arena, Transylvania University, as well as popular dining and entertainment destinations such.

Location

State KY

County Fayette

Interior

Heating Electric, Natural Gas

Cooling Electric

Exterior

Parking Features Covered

Utilities Available Electricity Connected, Natural Gas Connected, Water Connected

View Y/N N

Roof Type Composition,Flat

Handicap Access No

Private Pool No

Schools

Elementary Schools Harrison

Middle Schools Lexington Trad

High Schools Lafayette

Imagine MLS / Bluegrass Association of REALTORS (LBAR)
Listed by Bluegrass Sotheby's International Realty

Nearby Locations

Barry Turner

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(606) 875-5988

barry@laketimeky.com

44 Office Park Dr, Somerset, KY 42501, USA

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509 W 3rd Street