# 388 Redding Road, Lexington, KY 40517

> **TL;DR:** 16bd/8ba residential multi family, $1,099,900 ($151/sqft), built 1978, 7,300 sqft.
> A/C. Est. $4,766/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,099,900 |
| Price/sqft | $151 |
| Bedrooms | 16 |
| Bathrooms | 8 full |
| Square Feet | 7,300 |
| Year Built | 1978 |
| Lot Size | 11,700 sqft (0.27 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,766 |
| **Total** | **$4,766** |

## Nearby Schools

- **High:** Tates Creek

## Key Amenities

- A/C

## Property Highlights

- Built in 1978
- 0.27 acre lot
- 2 stories

## Description

### Agent Description
Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.

## Location

- **Address:** 388 Redding Road, Lexington, KY 40517
- **County:** Fayette
- **Neighborhood:** Kirklevington
- **Coordinates:** 37.988675, -84.505373
- **Google Maps:** https://www.google.com/maps?q=37.988675,-84.505373

## Listing Agent

- **Name:** Iris Todd
- **Brokerage:** Bluegrass Property Exchange
- **Phone:** 8593963267
- **Email:** irisluckett@aol.com

## Primary Photo

![388 Redding Road - Primary Photo](http://lh.rdcpix.com/863e137024c56918d64e5327574e6887l-f1677225271r.jpg)

*96 total photos available on [listing page](https://www.propertysimple.com/listing/388-redding-road-lexington-ky-40517-26007953)*

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**MLS#:** 26007953 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/388-redding-road-lexington-ky-40517-26007953)

---

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  "description": "Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is ",
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