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199 E Loudon Avenue

Lexington, KY 40505
  • $899,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 25006131
UPDATED: 68 min ago
$899,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1895
County:

School Ratings & Info

Description

Step into a piece of Lexington's history with the stunning John T. Patterson House, a beautifully restored gem in the vibrant North Lime District. Originally built in 1895, this exquisite property seamlessly blends historic charm with modern updates.Situated on nearly 0.5 acres in the heart of downtown, the property features: One spacious 2-bed, 1-bath apartment - thoughtfully updated for comfort and style Four charming 1-bed, 1-bath apartments - ideal for tenants seeking convenience and character Seven versatile office spaces - perfect for entrepreneurs, creatives, or growing businessesTwo first-floor apartments are registered STRs, and furniture conveys - offering immediate income potentialThe property currently generates $8,625 in monthly rent, with additional opportunities to increase revenue.Extensive renovations in 2015 and 2020 brought this iconic property into the modern age with new HVAC systems, a new roof, updated sewer and electrical systems, and refinished floors - all enhanced by fresh paint throughout.

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Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lane Team | Bluegrass Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
www.laneteamky.com/homes/162031010
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199 E Loudon Avenue Lexington, KY 40505

  • Price: $899,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 68 min ago
  • MLS #: 25006131
0
Beds
0
Baths
0
½ Baths
0.48
Acres
1895
Built
Neighborhood:
Downtown
County:
Fayette
Area:
Fayette County Nw 1
Property Description
Step into a piece of Lexington's history with the stunning John T. Patterson House, a beautifully restored gem in the vibrant North Lime District. Originally built in 1895, this exquisite property seamlessly blends historic charm with modern updates.Situated on nearly 0.5 acres in the heart of downtown, the property features: One spacious 2-bed, 1-bath apartment - thoughtfully updated for comfort and style Four charming 1-bed, 1-bath apartments - ideal for tenants seeking convenience and character Seven versatile office spaces - perfect for entrepreneurs, creatives, or growing businessesTwo first-floor apartments are registered STRs, and furniture conveys - offering immediate income potentialThe property currently generates $8,625 in monthly rent, with additional opportunities to increase revenue.Extensive renovations in 2015 and 2020 brought this iconic property into the modern age with new HVAC systems, a new roof, updated sewer and electrical systems, and refinished floors - all enhanced by fresh paint throughout.
Exterior Features

Construction Materials BrickWood SidingStone Parking 11 - 20 Spaces Roof CompositionRubberFlat

Interior Features

Building Square Footage 6759

Property Features

Business Type MixedOtherProfessional/Office Current Zoning R-3 - PLANNED NBHD RESIDENTIAL Gross Scheduled Rental Income 103500 Possession Close of Escrow Potential Zoning B-1 Sale Lease Includes BuildingsLandFixtures Tax Rate 1.2583 Tenant Pays ElectricityWaterSewerGas Terms CashSaleConventional

Bluegrass REALTORS® logo Listing provided courtesy of Patrick Doyle of National Real Estate: (859) 300-1415 . Listing information © 2025 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.
Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than The Lane Team | Bluegrass Sotheby's International Realty are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
 
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The Lane Team | Bluegrass Sotheby's International Realty
1999 Richmond Rd., Ste. 400
Lexington KY, 40502