- 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
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
False
Contacts
Location
Getting Around
-
Walk Score ®
37/100 Car-Dependent
-
Transit Score ®
28/100 Some Transit
-
Bike Score ®
22/100 Somewhat Bikeable
- 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
The space currently listed for sale at 16-Unit Multifamily Opportunity in Fayette County asks for $1,950,000.
16-Unit Multifamily Opportunity in Fayette County totals 16,960 square feet.
16-Unit Multifamily Opportunity in Fayette County was built in 1999.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

SVN | Stone Commercial Real Estate