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About This Home
This 5-bedroom, 4-bathroom residential multi family at 509 W 3rd Street in Lexington, KY is listed for $675,000 ($188 per sqft). Built in 1920, the home offers 3,585 sqft of living space on a 0.18 acres lot.
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 $50,000 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.
Key Features
- Built in 1920
- 0.18 acre lot
- 2 stories
- 5 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$3,610/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
509 W 3rd Street
Lexington, KY 40508
Downtown
Property Details
Parking
Heating
Cooling
Questions & Answers
This 5-bedroom, 4-bathroom residential multi family at 509 W 3rd Street is listed at $675,000 ($188/sqft). The estimated monthly payment is $2,925 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.18 acre lot, 2 stories, 5 parking spaces.
This property is listed by Susan Kennedy and can be reached at 8593966996 or skennedy@bgsir.com.
