16-Unit Multifamily Opportunity in Fayette County

400-450 Dabney Drive, Lexington, KY 40509

  • For Sale $1,950,000
  • Property Type Multi-Family
  • Property Size 16,960 SF
  • Units 16
  • Lot Size 1.68 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1999
  • Date Updated Apr 17, 2025
Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.SVN | Stone Commercial Real Estate is pleased to present this 16-unit multifamily investment opportunity at 400-450 Dabney Drive, Lexington, KY 40509. Built in 1999, this well-maintained complex features all two-bedroom, two-bath units, offering comfortable living spaces in a convenient Lexington location. Situated in the 40509 ZIP code, this property benefits from strong rental demand and proximity to key amenities, including shopping, dining, and major employers. With easy access to I-75 and New Circle Road, residents enjoy seamless connectivity to downtown Lexington and the surrounding areas. This is an excellent opportunity for investors seeking stable cash flow in a thriving market. For more information or to schedule a tour, contact Justin Ryder, CCIM at 859.447.3285 or [email protected] or Rachel Ridd at 859.327.7261 or [email protected] for more information.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Strong Cash Flow: Year 1 NOI - $117,402 at 6.02% Cap
  • $.95/sf with neighboring properties achieving $1.46/sf
  • Capital Improvements: New roofs in 2021
  • 2 Buildings (8,480 SF each)
  • Ample green space (1.68 acres)
  • Modern and spacious 2 bedroom/2 bathroom units
  • Utilities are separately metered
  • Washer and dryer hookups in each unit
  • 1/2 of the hvac systems have been replaced in the last 4 years
  • Built in 1999, gas heat
  • Zoned R-4
  • Prime location with proximity to Hamburg, I-75, and Man O' War Blvd
  • 100% occupancy

Contacts

broker

SVN | Stone Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    37/100 Car-Dependent
  • Transit Score ®

    28/100 Some Transit
  • Bike Score ®

    22/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Lexington, KY
  • Neighborhood Andover
  • Zip Code 40509
  • Market Lexington

Points of Interest

  • Speedway

    0.56 miles

  • Marathon

    0.97 miles

  • Tesla Supercharger

    1.11 miles

  • Kroger

    1.16 miles

  • Shell

    1.26 miles

  • Meijer Gas

    1.28 miles

  • ChargePoint

    1.32 miles

  • Costco Gasoline

    1.88 miles

  • Chevron

    1.90 miles

  • Country Inn & Suites by Radisson, Lexington, KY

    2.81 miles

  • Staff Parking

    3.19 miles

  • Parking Lot E

    4.49 miles

  • Green Lot

    4.55 miles

  • Parking Structure #7

    4.56 miles

  • Common Grounds

    4.62 miles

  • Hardin Properties Parking Lot

    4.66 miles

  • E Lot (Library Parking)

    4.67 miles

  • Blue Lot

    4.71 miles

  • Red Lot

    4.71 miles

  • Courtyard Lexington South/Hamburg Place

    1.15 miles

  • TownePlace Suites

    1.17 miles

  • Residence Inn

    1.26 miles

  • Home2 Suites

    1.29 miles

  • Sleep Inn

    1.31 miles

  • Holiday Inn Lexington - Hamburg

    1.33 miles

  • Homewood Suites

    1.37 miles

  • Homewood Suites by Hilton Lexington-Hamburg

    1.37 miles

  • Hilton Garden Inn

    1.40 miles

  • Hyatt Place Lexington

    1.40 miles

  • Cheddar's

    0.59 miles

  • Saul Good

    1.05 miles

  • Golden Wok

    1.06 miles

  • Hananoki

    1.07 miles

  • Chick-fil-A

    1.08 miles

  • Back Yard Burgers

    1.09 miles

  • Chipotle

    1.12 miles

  • Zaxby's

    1.12 miles

  • Jet's Pizza

    1.14 miles

  • City Barbeque

    1.16 miles

  • Garrett Morgan Elementary School

    1.31 miles

  • Edythe J. Hayes Middle School

    1.44 miles

  • Edythe J Hayes Middle School

    1.69 miles

  • Eastside Technical Center

    2.05 miles

  • Martin Luther King Junior Academy for Excellence

    2.12 miles

  • Breckinridge Elementary School

    2.49 miles

  • Frederick Douglass High School

    2.54 miles

  • Henry Clay High School

    2.66 miles

  • Squires Elementary School

    2.89 miles

  • Tates Creek Schools

    3.25 miles

  • Crestwood Childcare Center

    4.28 miles

  • Wee Care

    4.50 miles

  • ABC 123 Learning Center

    4.63 miles

  • The Nest Center for Women, Children and Families

    4.88 miles

  • La Petite Academy

    5.07 miles

  • Fayette Cooperating Preschool & Kindergarten

    5.09 miles

  • Pepperhill Day School & Camp

    5.50 miles

  • Center For Children

    5.82 miles

  • KinderCare

    6.68 miles

Frequently Asked Questions

How much does 16-Unit Multifamily Opportunity in Fayette County cost?

The space currently listed for sale at 16-Unit Multifamily Opportunity in Fayette County asks for $1,950,000.

What is the total square footage of 16-Unit Multifamily Opportunity in Fayette County?

16-Unit Multifamily Opportunity in Fayette County totals 16,960 square feet.

When was this property built?

16-Unit Multifamily Opportunity in Fayette County was built in 1999.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker

SVN | Stone Commercial Real Estate

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.