24

Lexington, KY Multifamily Homes & Duplexes for Sale

Section Image
  • /21

    $580,000 Open Sat 1PM - 3PM

    • 8 Beds
    • 4 Baths
    • 3,922 Sq Ft

    405 & 407 W Third St, Lexington, KY 40508

    An excellent investment opportunity in a fantastic downtown location! Situated right next to Transylvania University, and minutes from the new Gatton Park, Rupp Arena, popular breweries, and more, this fully rented 4-plex offers solid income and strong long-term potential. The property is being sold with the adjacent lot at 407 W Third St. The lot is zoned R-4 which is ideal for future

    G Tekeli United Real Estate Bluegrass

    405 & 407 W Third St, Lexington, KY 40508
  • /26

    $384,900

    • 4 Beds
    • 4 Baths
    • 2,660 Sq Ft

    3461 Warwick Ct, Lexington, KY 40517

    An Investor's Dream!! A well-maintained two-level duplex with carports and storage on both sides. Tenant occupied. Each side has 2 bedrooms and 1 and a half bathrooms, a living room, a laundry room, an eat-in kitchen with appliance packages that remain with the duplex. It is an ideal investment property! In walking distance to a school and Kirklevington Park. The sides mirror each other except

    Toni Light Rector Hayden Realtors

    3461 Warwick Ct, Lexington, KY 40517
  • /35

    $420,000

    • 4 Beds
    • 2 Baths
    • 1,820 Sq Ft

    276 E Fourth St, Lexington, KY 40508

    Don't miss this duplex in the heart of downtown! Lovingly restored in 2019 this duplex has old world charm mixed with modern amenities. The units both have great kitchens with updated cabinetry and appliances. The living areas are spacious and airy. Each units has two bedrooms and an updated bath and they each have a washer and dryer. During the past renovation plumbing, electric as well as the

    Lindsay Barsotti ERA Select Real Estate

    276 E Fourth St, Lexington, KY 40508
  • /19

    $980,500

    • 12 Beds
    • 11 Baths
    • 5,825 Sq Ft

    209 Old Todds Rd Unit 2102, 2109,9106,1110, Lexington, KY 40509

    Are you in the market to expand your investment portfolio? Look no further! This is an incredible opportunity to own 4 townhomes in a prime location. Are all move-in ready, waiting for their new owner or tenants. These modernized homes feature updated kitchens, brand-new flooring, and contemporary finishes—perfect for attracting quality tenants, making this package a fantastic value with room for

    Andrea Coughtry Lifstyl Real Estate

    209 Old Todds Rd Unit 2102, 2109,9106,1110, Lexington, KY 40509
  • /47

    $842,500

    • 8 Beds
    • 4 Baths
    • 5,000 Sq Ft

    2860 Ryan Cir, Lexington, KY 40509

    Investor's dream or perfect owner-occupant opportunity! This well-maintained quadplex offers four identical 1,280 sq ft, 2-bedroom, 1-bath units—each with its own laundry, electric and water meters, and all-electric appliances. No HOA keeps expenses low, while a wheelchair-accessible elevator provides easy access to the second floor. The roof was replaced just 3 years ago with a 40-year

    Karolina Baker The Local Agents

    2860 Ryan Cir, Lexington, KY 40509
  • /12

    $399,000

    • 4 Beds
    • 6 Baths
    • 3,300 Sq Ft

    3124 -3126 High Ridge Dr, Lexington, KY 40517

    Inspections Welcomed / Sold As Is. 3124 High Ridge - Tenant Occupied... Replaced Roof - 2013, Furnace - 2012, Hot Water Tank - 2009. Completely updated /remodeled Floors, windows, new appliances, bath vanities and fixtures in 2024. 3126 High Ridge - Vacant... Replaced Roof - 2013, Furnace 2023, Hot Water Tank - 2022, Sump Pump - 2025. Completely updated in 2022 with new appliances, and again in

    Bobbie Johnson RE/MAX Creative Realty

    3124 -3126 High Ridge Dr, Lexington, KY 40517
  • /17

    $585,000

    • 6 Beds
    • 6 Baths
    • 3,389 Sq Ft

    4328 Clearwater Way, Lexington, KY 40515

    Welcome to 4328-4330 Clearwater Way, where comfort meets opportunity in one of Lexington's most loved neighborhoods. This rare single-deeded duplex in Pinnacle offers two spacious 3-bedroom, 2.5-bath homes, each with its own two-car garage, designed for easy living and smart investing. Imagine living on one side and renting the other, building equity while enjoying the perks of homeownership.

    Kymberly McCreary EXP Realty, LLC

    4328 Clearwater Way, Lexington, KY 40515
  • /5

    $399,900

    • 4 Beds
    • 2 Baths
    • 2,152 Sq Ft

    125-127 Greenbriar Rd, Lexington, KY 40503

    Duplex in highly desirable 40503 Glendover neighborhood! 2 beds and 1 bath on both sides. Basement with detached garage. Rental agreements are in place - $1,350 through Nov 2025 and $1,450 through Sept 2026. Contact listing agent for more details. Selling as-is, inspections welcome. 48 notice please.

    Natalee Mason The Real Estate Group

    125-127 Greenbriar Rd, Lexington, KY 40503
  • /50

    $309,000

    • 4 Beds
    • 2 Baths
    • 1,967 Sq Ft

    240 E Third St, Lexington, KY 40508

    Located in the heart of downtown Lexington, this duplex sits on a rare double lot and offers both income potential and flexibility. One side is currently occupied, providing immediate rental income, while the other side is vacant and ready for a new tenant or owner-occupant. With its prime location, large lot, and multi-unit setup, this property is perfect for investors, house-hackers, or anyone

    Maxine Reyburn RO&CO Real Estate

    240 E Third St, Lexington, KY 40508
  • /25

    $340,000

    • 4 Beds
    • 3 Baths

    2665 Wigginton Point, Lexington, KY 40511

    ATTN: 6% Buyer's Premium to be added to the Offer Price. Prime Location in Lexington - Close to Everything You Need This well-maintained home is in great shape and sits in a highly convenient location - just minutes from universities, the Toyota plant, shopping, restaurants, and more. Whether you're looking for your next rental, flip, or personal home, this property offers multiple options

    Hunter Miller GSP Homes

    2665 Wigginton Point, Lexington, KY 40511
  • /52

    $1,075,000

    • 8 Beds
    • 4 Baths
    • 3,926 Sq Ft

    1802 Carolyn Dr, Lexington, KY 40502

    Updated 4-Plex in highly sought after 40502 area. The condo features hardwood floors, updated bathrooms and kitchens, wonderful new light fixtures and tile work, storage area in the basement, and lots of parking in the private lot and on a quite street. Seller may also consider selling individual units.

    Hill Parker Turf Town Properties

    1802 Carolyn Dr, Lexington, KY 40502
  • /17

    $729,000

    • 8 Beds
    • 8 Baths

    1640 Nicholasville Rd, Lexington, KY 40503

    Four large turn-key condominiums located on the top floor of a professional office building in a prime Lexington location—next door to Central Baptist Hospital and just minutes from the University of Kentucky. Each unit features 2 bedrooms, 2 full baths, a kitchen, and a spacious living area. Units are nicely updated with granite countertops, LVP flooring, and fresh paint throughout. Amenities

    Suzanne Turner Indigo & Co

    1640 Nicholasville Rd, Lexington, KY 40503
  • /40

    $750,000

    • 4 Beds
    • 2 Baths
    • 2,580 Sq Ft

    110-112 S Hanover Ave, Lexington, KY 40502

    This lovely Ashland Park duplex was originally designed to be built on top of the adjacent 3-story apartment building. Each unit features hardwood floors, unique built-ins, living and dining rooms, two bedrooms and full bath. The lower level offers a shared laundry and storage. The brick-fenced courtyard is a perfect place to enjoy your afternoon tea! The Seller prefers to sell 100-102 S

    Becky Reinhold Bluegrass Sotheby's International Realty

    110-112 S Hanover Ave, Lexington, KY 40502
  • /37

    $1,295,000

    • 12 Beds
    • 6 Baths
    • 8,400 Sq Ft

    100-102 S Hanover Ave, Lexington, KY 40502

    Step back in time with this Ashland Park charmer. Built in 1929, this six-unit apartment building was said to have been one of the first steel structure apartments built in Fayette County. The adjacent duplex was designed to be on top of this building as the fourth and fifth levels. Each apartment offers hardwood floors, high ceilings, unique built-ins, living room, dining room, kitchen, 2

    Becky Reinhold Bluegrass Sotheby's International Realty

    100-102 S Hanover Ave, Lexington, KY 40502
  • /36

    $790,000

    • 15 Beds
    • 20 Baths
    • 5,992 Sq Ft

    160 Constitution St, Lexington, KY 40507

    Investors, this is your opportunity to acquire 15 rental units plus a commercial space near downtown Lexington! Centrally located, the property consists of two buildings: 160 Constitution (10 one-bedroom/one-bath units) and 193, 195, and 197 MLK Blvd (4 additional units). Also included is a commercial space at 164 Constitution, currently rented for 1,000/month. Currently fully rented and brings

    M Scott Peace Lifstyl Real Estate

    160 Constitution St, Lexington, KY 40507
  • /12

    $1,120,000

    • 5 Beds
    • 5 Baths
    • 2,772 Sq Ft

    150 Deweese St, Lexington, KY 40507

    Downtown Lexington income property producing over $103,000 in 2024 and projected to exceed $111,000 in 2025! Built in 2016, this 5-unit multifamily offers modern construction, low maintenance, and strong rental demand in one of Lexington's most desirable areas. Each unit features a 1-bed/1-bath layout with full kitchen and bath — ideal for long-term tenants or short-term rental flexibility. With

    Bob Sophiea eXp Realty, LLC

    150 Deweese St, Lexington, KY 40507
  • /3

    $260,000

    • 4 Beds
    • 2 Baths

    1990 Fair Oaks Dr, Lexington, KY 40504

    Duplex! Investment opportunity. Each unit has 2 bedrooms and 1 bathroom. Live in one and collect rent from the other, or use it all to build your real estate portfolio.

    Destiny Darby Keller Williams Commonwealth

    1990 Fair Oaks Dr, Lexington, KY 40504
  • /46

    $445,000

    • 4 Beds
    • 4 Baths
    • 3,068 Sq Ft

    1999 Fair Oaks Dr, Lexington, KY 40504

    L-Side $1,800 per month R-side $2,000. per month Completely Renovated Duplex - Turnkey Investment or Live-in Opportunity when lease is up! Don't miss this beautifully updated duplex, offering modern finishes, flexible living space, and strong investment potential. Each side features 2 spacious bedrooms and a full bath upstairs, while the finished lower levels provide additional rooms ideal for

    Casey Weesner Weesner Properties, Inc.

    1999 Fair Oaks Dr, Lexington, KY 40504
  • /9

    $225,000

    • 2 Beds
    • 2 Baths
    • 1,176 Sq Ft

    150 York St, Lexington, KY 40508

    Duplex Investment Opportunity Near Downtown Lexington!Welcome to 148-150 York Street—a well-maintained duplex offering two 1-bedroom, 1-bathroom units in a prime location just minutes from downtown Lexington and the University of Kentucky. Each unit features a comfortable layout with separate entrances, making it ideal for tenants seeking privacy and convenience. With a strong rental

    David Espinosa Bluegrass Realty Pros, Inc

    150 York St, Lexington, KY 40508
  • /4

    $685,000

    • 5 Beds
    • 5.5 Baths
    • 2,529 Sq Ft

    616 Bellaire Ave, Lexington, KY 40508

    Investor special! This 5-unit multi-family property at 616 Ballaire Ave offers a great opportunity in a high-demand rental area near downtown and UK. The building includes one 2 bed/1 bath unit, three 1 bed/1 bath units, and one studio. With strong income potential and a central location, this property is a solid addition to any rental portfolio.

    David Espinosa Bluegrass Realty Pros, Inc

    616 Bellaire Ave, Lexington, KY 40508
  • /14

    $725,000

    • 4 Beds
    • 4 Baths
    • 3,772 Sq Ft

    108 Cochran Rd, Lexington, KY 40502

    Fully Occupied 4-plex featuring (4) 1 bed / 1 bath units in the Chevy Chase area - a turnkey opportunity with consistent rental income from day one. Each unit offers a comfortable living space and the property has been well maintained. Low-maintenance, easy-to-manage layout, and strong rental history. Ideal for investors of all types. Secure your next income-producing asset today.

    Dustin Haulk 1 Percent Lists Purple Door

    108 Cochran Rd, Lexington, KY 40502
  • /9

    $195,000

    • 3 Beds
    • 3 Baths

    430 Morgan Ave, Lexington, KY 40505

    This triplex offers three 1 bed / 1 bath units, each designed for easy upkeep and consistent rental income. Whether you're a first-time investor looking for a manageable start or a seasoned pro expanding your portfolio, this property checks all the boxes. With an opportunity to add value, each unit features efficient layouts, strong tenant appeal, and separate entrances. Enjoy steady cash flow,

    Sarah May Mayca Property Solutions

    430 Morgan Ave, Lexington, KY 40505
  • /19

    $2,000,000 New Construction

    • 14 Beds
    • 21 Baths
    • 1,360 Sq Ft

    3104 Daly Place, Lexington, KY 40511

    JTB Construction is thrilled to offer their latest project - a brand new set of 7 beautiful, new- construction townhomes situated on over half an acre in Lexington's largest subdivision, Masterson Station. This investment opportunity offers the charm of suburban tranquility within a convenient proximity to the city's vibrant amenities with both established and new commercial developments.

    Jaryd Brady Southern Charm Realty

    3104 Daly Place, Lexington, KY 40511
  • /9

    $1,749,300 New Construction

    • 21 Beds
    • 14 Baths
    • 7,980 Sq Ft

    1145 Appian Crossing Way Unit 1201-1207, Lexington, KY 40517

    Investment opportunity to purchase 7 new construction townhomes all connected in 1 row. Each townhome will have 3 bedrooms and 2 full baths with an attached 1 car garage. They will all be the EVA floor plan. Buyer currently still has the ability to pick standard selections and even do upgrades if desired. Once construction begins and we get further along, townhomes will become spec homes and the

    Philip Wood Keller Williams Bluegrass Realty

    1145 Appian Crossing Way Unit 1201-1207, Lexington, KY 40517

Why Live in Lexington

Known as the Horse Capital of the World, Lexington captivates residents with its prestigious Keeneland Race Course, which hosts thrilling thoroughbred racing during Spring and Fall meets. The Kentucky Horse Park stands as a working horse farm where visitors experience diverse horse breeds and demonstrations. Beyond equestrian attractions, the city features cultural landmarks like the historic Lexington Opera House and the Mary Todd Lincoln House. The dining scene includes upscale establishments such as Jeff Ruby's Steakhouse, featuring a grand piano stage, and farm-to-table restaurants like Honeywood.

The Lexington housing market presents diverse options across price points. The median sale price for homes sits at $332,500. Single family homes have a median price of $356,000, while townhomes have a median price of $286,000. One-bedroom condos start at a median price of $178,000, and two-bedroom condos have a median price of $254,800. Luxury neighborhoods like Ashland Park command a median single family home price of $826,500, while areas like Meadowthorpe maintain a median single family home price of $335,600.

Lexington's cost of living registers 8% below the national average. A family with children ages 6 to 17 needs $97,000 annually to live comfortably, while renters require $52,000. The property tax rate in Fayette County is 0.89%, comparing favorably to Cincinnati's Hamilton County rate of 1.53%. Kentucky maintains a 6% state sales tax with no additional local tax.

The University of Kentucky anchors the education system, complemented by highly rated schools like Paul Laurence Dunbar High School and Sayre School, both earning A ratings. The city's 100 plus parks include the Arboretum and Raven Run Nature Sanctuary, which features historic mill ruins along its hiking trails. Residents enjoy a reasonable commute, with most major attractions accessible within 15 minutes from downtown via personal vehicle or the Lextran public bus system.

Home Trends in Lexington, KY

Housing Trends

Median Sale Price
$340,000
Median Single Family Sale Price
$365,222
Median Townhouse Sale Price
$291,750
Median 2 Bedroom Sale Price
$237,000
Median 1 Bedroom Sale Price
$184,000
Average Price Per Sq Ft
$200
Number of Homes for Sale
788
Last 12 months Home Sales
3,577
Months of Supply
2.60
Median List Price
$355,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
3%
How to Buy a Home How to Finance a Home How to Sell a Home