$945,000
Lexington, KY 40508
MLS# 26007015
Status: Closed
6 beds | 5 baths | 4735 sqft
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Property Description
Great Investment Opportunity in the Heart of Downtown- positioned in a prime downtown location, this versatile property offers incredible potential for investors. Currently configured with four residential units zoned R-4, one commercial space zoned B-1, and 6 off street parking spots and 2 car garage, this asset provides immediate income with strong upside for future development. Situated within walking distance to the courthouse, Transylvania University, Sayre School, lots of restaurants, and the vibrant downtown scene, the location is ideal for both residential and commercial tenants seeking convenience and accessibility. The property also features valuable off street parking, a rare and highly desirable amenity in a downtown setting. A great strategic long term hold in a high demand area, this is a unique opportunity worth exploring. Salon: $1290 per month leased until 2027 2 bedroom up $1600 per month (until June 2026) 1 bedroom up $1600 per month (month to month) 1 bedroom down $1600 per month (month to month) efficiency $1100 per month
Details
Listing Information
Comp Sale YN: No
Property Sub Type: Triplex
Status Change Information
Status Change Timestamp: 2026-06-09
Purchase Contract Date: 2026-04-24
Close Date: 2026-06-09
Close Price: 945000
Buyer Financing: Conventional
Sale Type: Arms Length Sale
Concessions Comments: None
Address
County: Fayette
Street Number: 400-402
Street Direction Prefix: N
Street Name: Limestone
State: KY
Zip Code: 40508
Directions: Nicholasville Rd to Limestone. Past Lexington Traditional Middle School. Corner of N Limestone & Fourth Street.
Parcel Number: 16603250
Contract
Current Price: $945,000
Original List Price: 1000000
Status: Closed
Start Showing Date: 2026-04-03
Listing Contract Date: 2026-03-31
Sold Price: $945,000
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
List Price/Acre: 8333333.33
List Price/SqFt: 211.19
Sold Price/Acre: 7875000
Sold Price/SqFt: 199.58
SP/LP: 0.94
Interior
Bedrooms Total: 6
Bathrooms Total: 5
Bathrooms Full: 5
Living Area: 4735
Living Area Source: Public Records
Parking Information
Parking Total: 8
Building
Year Built: 1890
Stories Total: 2
Accessibility Features YN: No
Lot
Lot Size Acres: 0.12
Lot Size Square Feet: 5227.2
Utilities
Cooling YN: Yes
Heating YN: Yes
Remarks
Public Remarks: Great Investment Opportunity in the Heart of Downtown- positioned in a prime downtown location, this versatile property offers incredible potential for investors. Currently configured with four residential units zoned R-4, one commercial space zoned B-1, and 6 off street parking spots and 2 car garage, this asset provides immediate income with strong upside for future development. Situated within walking distance to the courthouse, Transylvania University, Sayre School, lots of restaurants, and the vibrant downtown scene, the location is ideal for both residential and commercial tenants seeking convenience and accessibility. The property also features valuable off street parking, a rare and highly desirable amenity in a downtown setting. A great strategic long term hold in a high demand area, this is a unique opportunity worth exploring. Salon: $1290 per month leased until 2027 2 bedroom up $1600 per month (until June 2026) 1 bedroom up $1600 per month (month to month) 1 bedroom down $1600 per month (month to month) efficiency $1100 per month
Building and Property Details
Age of Roof: 9999
Tax Legal
MLS Area Major: 003 - Fayette County SE
Subdivision Name: Downtown
High School District: Fayette County - 1
Property Features
Utilities: Electricity Connected; Sewer Connected; Electricity Connected; Sewer Connected
Cooling: Central Air
Heating: Forced Air
Laundry Features: Electric Dryer Hookup; Washer Hookup
Parking Features: Enclosed; On Site
Possession: Rental Agreement
Structure Type: Multi Family
Showing Requirements: Call Listing Agent
Listing Office: Turf Town Properties
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.