About This Home

This 24-bedroom, 12-bathroom multi-family at 1801 & 1805 Gerald Drive in Lexington, KY is listed for $874,900 ($84 per sqft). Built in 1976, the home offers 10,368 sqft of living space on a 1.13 acres lot.

Key Features

  • Built in 1976
  • 1.13 acre lot
  • 3 stories
  • 24 parking spaces

Property Details

3 stories
12 full
24 spaces
1976

Amenities

A/C
Listing Description

Excellent investment opportunity featuring two six-unit apartment buildings at 1801 and 1805 Gerald Drive. The property offers 12 total units, each with 2 bedrooms and 1 bathroom, totaling 24 bedrooms and 12 bathrooms. Individually metered units, along with updated electrical systems and HVAC, provide added value for ownership and management. An income-producing multifamily asset offering investors the opportunity to expand their portfolio with established rental potential.

Monthly Cost Estimate

$4,679/mo

20% down · 6.5% · 30 years

Principal$633
Interest$3,791
Insurance$255

Estimates only. Actual payments may vary.

Location

1801 & 1805 Gerald Drive

Lexington, KY 40511

Winburn Estates

Property Details

Parking

Open

Heating

Forced AirElectric (Heating)Heat Pump (Heating)

Cooling

ElectricCentral Air

Questions & Answers

This 24-bedroom, 12-bathroom multi-family at 1801 & 1805 Gerald Drive is listed at $874,900 ($84/sqft). The estimated monthly payment is $4,679 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1976, 1.13 acre lot, 3 stories, 24 parking spaces.

This property is listed by James N Turek.

JT

James N Turek

Agent at Bluegrass Sotheby's International Realty

Listed by Bluegrass Sotheby's International Realty · Broker phone: 2680099 · View on Broker Site · Broker website

MLS# 26028360· Source: ImagineMLS· 20 days on PropertySimple

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1801 & 1805 Gerald Drive, Lexington, KY 40511

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