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509 W 3rd Street

Lexington, KY 40508
  • $675,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 26007853
UPDATED: 16 min ago
$675,000
  • 5
    BEDS
  • 0.18
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,585
    SQFT
  • $188
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Turn-key four-plex income property in one of downtown Lexington's most sought-after locations—the thriving Jefferson Corridor, surrounded by recently completed high-end developments. This investment opportunity is currently fully leased, generating over $50,000 in annual rental income with low maintenance requirements. Major system upgrades include high-efficiency heating and cooling, along with updated electrical that is separately metered completed in 2021—offering flexibility for potential individual unit sale. While preserving its original charm featuring vaulted ceilings, beautiful hardwood floors, and classic window moldings. Residents have in-unit washer and dryer and a private fenced backyard with community firepit. Additional highlights include on-site garage parking with extra parking available. Ideally located with short distance to the University of Kentucky, Rupp Arena, Transylvania University, as well as popular dining and entertainment destinations such.

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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/175165645
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509 W 3rd Street Lexington, KY 40508

  • Price: $675,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 16 min ago
  • MLS #: 26007853
5
Beds
4
Baths
0
½ Baths
0.18
Acres
3,585
SQFT
$188
$/SQFT
1920
Built
Neighborhood:
Downtown
County:
Fayette
Area:
Fayette County Nw 1
Elementary School:
Harrison
Middle School:
Lexington Trad
High School:
Lafayette
School District:
Fayette County
Property Description
Turn-key four-plex income property in one of downtown Lexington's most sought-after locations—the thriving Jefferson Corridor, surrounded by recently completed high-end developments. This investment opportunity is currently fully leased, generating over $50,000 in annual rental income with low maintenance requirements. Major system upgrades include high-efficiency heating and cooling, along with updated electrical that is separately metered completed in 2021—offering flexibility for potential individual unit sale. While preserving its original charm featuring vaulted ceilings, beautiful hardwood floors, and classic window moldings. Residents have in-unit washer and dryer and a private fenced backyard with community firepit. Additional highlights include on-site garage parking with extra parking available. Ideally located with short distance to the University of Kentucky, Rupp Arena, Transylvania University, as well as popular dining and entertainment destinations such.
Exterior Features

Attached Garage YN No Parking Features CoveredEnclosed Roof CompositionFlat

Interior Features

Building Area Total 3585 Cooling Electric Cooling YN Yes Heating ElectricNatural Gas Heating YN Yes Laundry Features []

Property Features

Accessibility Features YN No Association Amenities [] Association Fee Includes [] Community Features [] Listing Terms [] Other Equipment [] Property Condition [] Property Sub Type Quadruplex Security Features [] Special Listing Conditions [] Structure Type Quadruplex Utilities Electricity ConnectedNatural Gas ConnectedWater Connected

Bluegrass REALTORS® logo Listing provided courtesy of Susan Kennedy of Bluegrass Sotheby's International Realty: 859-268-0099 . Listing information © 2026 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.


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