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$ 625,000
Price Dropped by $25K
509 W 3rd Street Lexington, KY 40508
5 Beds
4 Baths
3,585 SqFt
UPDATED:
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
Listed by Bluegrass Sotheby's International Realty
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