$895,711
Lexington, KY 40508
MLS# 23001867
Status: Closed
8 beds | 5 baths
1 / 48
Property Description
**Photos of AWESOME Penthouse Unit coming soon!!** Fabulous investment opportunity! Known as The Bishop House, this 5 (possibly 6) unit historic multi-family home backs to Fayette Park, in the heart of downtown, just steps to West Sixth Brewing and County Club restaurant. Formerly the Episcopal Bishop's Mansion. Many recent updates over the last three decades including roof, electrical, HVAC, tuck-pointing, some kitchens & bathrooms. The top floor boasts a lofted living space with 2 bedrooms, office, open kitchen/vaulted family room, dining area, winding staircase to the loft, sitting room, full bathroom and walk-in pantry with laundry hookups, plus a private rooftop terrace. The 2nd floor features a former studio apt. now being utilized as a common laundry room, a 1 bedroom/1 bathroom apartment and a 2 bedroom/1 bathroom unit. The main level features a 1 bedroom/1 bathroom apartment and a 2 bedroom/1 bathroom apartment with large living room, eat-in kitchen and private deck. Abundant windows, beautiful trim work and tons of character. Live in one of the units while renting out the others, short or long term. 6 off-street parking spaces. Sold as-is, with inspections welcome. H-1.
Details
Listing Information
Comp Sale YN: No
Property Sub Type: Apartment
Status Change Information
Status Change Timestamp: 2023-03-16
Purchase Contract Date: 2023-02-04
Close Date: 2023-03-16
Close Price: 895711
Buyer Financing: Conventional
Sale Type: Arms Length Sale
Concessions Comments: No
Address
County: Fayette
Street Number: 436
Street Direction Prefix: W
Street Name: 6th
Street Suffix: Street
State: KY
Zip Code: 40508
Directions: Broadway headed north, left on West Sixth Street, property is on the left. If you park in the lot, please do not block driveway. Plenty of street parking available as well.
Parcel Number: 12163100
Contract
Current Price: $895,711
Original List Price: 923711
Status: Closed
Start Showing Date: 2023-02-01
Listing Contract Date: 2023-02-01
Sold Price: $895,711
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
List Price/Acre: 2129347.63
Sold Price/Acre: 2064801.75
SP/LP: 0.97
Interior
Bedrooms Total: 8
Bathrooms Total: 5
Bathrooms Full: 5
Building
Year Built: 1910
Stories Total: 3
Lot
Lot Size Acres: 0.4338
Lot Size Square Feet: 18896
Utilities
Cooling YN: Yes
Heating YN: Yes
Remarks
Public Remarks: **Photos of AWESOME Penthouse Unit coming soon!!** Fabulous investment opportunity! Known as The Bishop House, this 5 (possibly 6) unit historic multi-family home backs to Fayette Park, in the heart of downtown, just steps to West Sixth Brewing and County Club restaurant. Formerly the Episcopal Bishop's Mansion. Many recent updates over the last three decades including roof, electrical, HVAC, tuck-pointing, some kitchens & bathrooms. The top floor boasts a lofted living space with 2 bedrooms, office, open kitchen/vaulted family room, dining area, winding staircase to the loft, sitting room, full bathroom and walk-in pantry with laundry hookups, plus a private rooftop terrace. The 2nd floor features a former studio apt. now being utilized as a common laundry room, a 1 bedroom/1 bathroom apartment and a 2 bedroom/1 bathroom unit. The main level features a 1 bedroom/1 bathroom apartment and a 2 bedroom/1 bathroom apartment with large living room, eat-in kitchen and private deck. Abundant windows, beautiful trim work and tons of character. Live in one of the units while renting out the others, short or long term. 6 off-street parking spaces. Sold as-is, with inspections welcome. H-1.
Income and Expenses
Electric Expense: 400
Gross Scheduled Income: 51600
Water Sewer Expense: 150
Showing Information
Showing Instructions: Many of the tenants have been in the building for a number of years (one tenant has lived in three different units over 21 years!) The seller used to live on the top level, which is a very cool space and would make an amazing short term rental! All units are tenant occupied. #3 tenant is moving out March 1. Please provide at least 24 hour notice for showings. Must be preapproved or verification of funds provided prior to showings out of respect for the tenants. Units are currently under rented.
Tax Legal
MLS Area Major: 001 - Fayette County NW
Subdivision Name: Downtown
High School District: Fayette County - 1
Property Features
Cooling: Electric
Heating: Electric; Natural Gas
Parking Features: On Site; Open
Possession: Close Of Escrow
Roof: Composition; Rubber; Slate
Structure Type: Multi Family
Documents: Sellers Disclosure Of Property Condition
Listing Office: Bluegrass Sotheby's International Realty
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.