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$ 749,000
Price Dropped by $50K
148 - 152 E Fourth Street Lexington, KY 40508
8 Beds
4 Baths
4,900 SqFt
UPDATED:
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
Listed by RE/MAX Elite Lexington
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