REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Barry Turner

barry@laketimeky.com +1(606) 875-5988

$ 749,000

8 Beds

4 Baths

4,900 SqFt

Save

$ 749,000

Save

8 Beds

4 Baths

4,900 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,900 sqft

Price per Sqft $152

Subdivision Downtown

MLS Listing ID 26015659

Bedrooms 8

Full Baths 4

Year Built 1890

Lot Size 0.292 Acres

Acres 0.29

Property Sub-Type Quadruplex

Property Description

An exceptional opportunity to acquire a turnkey portfolio of two neighboring, fully occupied historic duplexes in the heart of downtown Lexington. Originally built in the late 1800s and thoughtfully restored while preserving their historic character, these award-winning properties offer a total of four spacious 2-bedroom, 1-bath residences featuring tall ceilings, restored hardwood floors, updated kitchens and baths, and convenient off-street parking. The package includes a shared off-street parking lot serving both buildings, adding convenience for residents while enhancing the long-term value and functionality of the portfolio. Fully occupied and meticulously maintained, these neighboring duplexes seamlessly blend timeless architecture with modern updates and dependable income potential in one of Lexington's most desirable and walkable neighborhoods, just steps from downtown restaurants, entertainment, shopping, and local attractions. Ideal for investors seeking a stabilized, income-producing asset, this portfolio also presents an outstanding opportunity for an owner-occupant. Live in one unit while the remaining residences help offset your mortgage, create a multigenerational living arrangement, or capitalize on future rental upside. Whether maintained as a long-term cash-flow investment, repositioned through future rent optimization, or utilized as a premium house hack, the portfolio offers multiple value-creation strategies. Priced well below its 2025 appraised value, this offering provides the potential for immediate equity in addition to dependable cash flow and long-term appreciation. Opportunities to acquire two adjacent, Historic Preservation Award-winning duplexes with a shared parking lot in such a premier downtown location are exceptionally rare. This is a truly one-of-a-kind chance to own a landmark investment in one of Lexington's most sought-after neighborhoods.

Location

State KY

County Fayette

Interior

Heating Electric, Heat Pump

Cooling Central Air

Laundry Electric Dryer Hookup, Main Level, Washer Hookup

Exterior

Parking Features On Site, Paved

View Y/N N

Handicap Access No

Private Pool No

Schools

Elementary Schools William Wells Brown

Middle Schools Lexington Trad

High Schools Frederick Douglass

Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by RE/MAX Elite Lexington

Nearby Locations

"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

GET MORE INFORMATION

Name

Email*

Phone*

Message

148 - 152 E Fourth Street Lexington, KY 40508