$454,000
$500,000
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115 Delmont Drive Lexington, KY 40504
8 Beds
4 Baths
3,600 SqFt
Key Details
Sold Price $454,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $126
Subdivision Commercial
MLS Listing ID 26001822
Sold Date 03/20/26
Bedrooms 8
Full Baths 4
Year Built 1950
Lot Size 0.344 Acres
Acres 0.34
Property Sub-Type Quadruplex
Property Description
115 Delmont Drive is a 4-unit multifamily property in Lexington, KY. The property, built in 1950, is 3,600 square feet and situated on 0.344 acres. Each unit is 800 square feet and offers two bedrooms, one bathroom, and a detached garage. The units feature hardwood floors, a kitchen, dining area, and living room. All utilities are individually metered and paid by Tenants. The property is located on a quiet residential street with off-street parking for all units. The location offers easy access to New Circle Road, downtown Lexington, and amenities on Versailles Road. This property can be sold individually or along with other properties in a 60-unit multifamily portfolio. The 60-unit multifamily portfolio is strategically located in the heart of Central Kentucky, offering excellent access to major employment centers, universities, healthcare centers, and retail corridors. The Central Kentucky area benefits from strong renter demand, low vacancy rates, and a stable market. This is a rare opportunity to acquire a large and stabilized multifamily portfolio in one of Kentucky's most reliable rental markets. The other properties in the portfolio are 1416 Townley Drive, Lexington, KY and 200 N. Hill-N-Dale Street, Danville, KY. Financials available upon request.
Location
State KY
County Fayette
Zoning R-1C
Interior
Heating Other
Cooling Other
Exterior
Parking Features Covered, On Site
View Y/N N
Handicap Access No
Private Pool No
Building
New Construction No
Schools
Elementary Schools Harrison
Middle Schools Lexington Trad
High Schools Lafayette
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