17

Lexington, KY Multifamily Homes & Duplexes for Sale

Section Image
  • /3

    $265,000

    • 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
  • /24

    $449,995

    • 6 Beds
    • 4 Baths

    305 Hightower Rd, Lexington, KY 40517

    Investment opportunity in a popular area of Lexington. It is close to Nicholasville Road, Central Baptist Hospital, and UK. Great Cash Flow! Fully leased duplex offering steady rental income in a convenient location. Currently rents for $1,700 on one side with long term lease and $1,800 on the other side that is month to month. Use as a turnkey investment property or live on one side and

    Kate Turner United Real Estate Bluegrass

    305 Hightower Rd, Lexington, KY 40517
  • /63

    $545,000

    • 8 Beds
    • 8 Baths
    • 3,696 Sq Ft

    2900 Winter Garden, Lexington, KY 40517

    Fantastic Opportunity! This Quadruplex has roughly 920 sq ft of living space in each unit. All units are fully leased right now with a current gross rent of $4,340 per month. All units have had several updates including updated plumbing, new French doors, lighting, tub inserts and many more. There is still room to make additional updates as well. Unit A & B will be leased 9/1 the other by 9/15.

    Jennifer Ware Kentucky Land and Home

    2900 Winter Garden, Lexington, KY 40517
  • /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
  • /29

    $499,900

    • 4 Beds
    • 2 Baths

    711 W Maxwell St, Lexington, KY 40508

    Calling ALL investors! Rare opportunity to own an awesome duplex in the heart of downtown Lexington. The property features two FULLY furnished units, both units are spacious with two bedrooms, one bath, large kitchens and living areas. Both units have laundry hook ups as well. Tenants will enjoy the off street parking option that is located directly behind the property with private alley access.

    Joshua Lynch The Brokerage

    711 W Maxwell St, Lexington, KY 40508
  • /45

    $599,900

    • 6 Beds
    • 2 Baths
    • 2,900 Sq Ft

    1100-1102 Tates Creek Rd, Lexington, KY 40502

    Rare opportunity to own large brick duplex in 40502! This updated property features two spacious units that are both 3 beds/1 bath each and refinished hardwood floors throughout. 9 foot ceilings, freshly updated kitchens and baths, dining area, Furnaces/AC units were replaced in 2024. Each unit has their own covered front porch. Unfinished basement for storage & mechanicals. Make this property

    Will Campbell Ben H Campbell Appraiser, Inc

    1100-1102 Tates Creek Rd, Lexington, KY 40502
  • /18

    $305,000

    • 4 Beds
    • 4 Baths
    • 1,920 Sq Ft

    3617 Appian Way, Lexington, KY 40517

    Great Investment Opportunity - Fully Leased Duplex!! Fully leased duplex offering steady rental income in a convenient location. Each unit includes 2 bedrooms and 1.5 bathrooms, with functional layouts and long-term tenants in place.Carport with storage closet on 3619 Appian sideExterior storage closets for both units at the rear of the buildingBoth units are currently rented at

    Iris Todd Bluegrass Property Exchange

    3617 Appian Way, Lexington, KY 40517
  • /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
  • /10

    $750,000

    • 14 Beds
    • 10 Baths
    • 9,920 Sq Ft

    1921 Oxford Cir, Lexington, KY 40504

    Attention Investors! This is a 10 unit building, 6 one bedrooms, 4 two bedrooms. All units have refrigerator and stove and are metered seperately for utilities. There is a large attic space for storage or possibly additonal rentals. 2 bedroom units could be easily modified to a 3 bedroom by enclosing the dining room and adding a closet. New roof in 2025

    S Ann Wesley Assurance Realty & Property Management

    1921 Oxford Cir, Lexington, KY 40504
  • /14

    $499,000

    • 3 Beds
    • 3 Baths
    • 1,843 Sq Ft

    321 Clay Ave, Lexington, KY 40502

    Charming triplex exudes historic appeal in an excellent location close to everything: Chevy Chase, boutique shopping, restaurants, grocery, parks, downtown Lexington and the University of Kentucky. Opportunity awaits for investors or owner occupancy. Currently two units are rented with a third unit rented as Airbnb.

    Adam Rankin Kentucky Real Estate Group

    321 Clay Ave, Lexington, KY 40502
  • /14

    $810,000

    • 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
  • /45

    $599,900

    • 12 Beds
    • 4 Baths
    • 2,976 Sq Ft

    419 Douglas Ave, Lexington, KY 40508

    This recently updated Quadplex is ready for it's next investor! Four 3 bedroom, one bath units all with newer flooring, paint andappliances. Washer and dryer hook ups available. Two newer AC units. Some off street parking available around back. This is a moneymaker waiting for it's next owner with all units rented until 2026.

    Lindsay Barsotti ERA Select Real Estate

    419 Douglas Ave, Lexington, KY 40508
  • /50

    $2,271,000

    • 3 Beds
    • 2 Baths

    205 Simpson Ave Unit 111, Lexington, KY 40504

    Multi Condominium Package Deal in Campus Downs Condominiums. Walking distance to UK, close to downtown, Rupp Arena, Transylvania University, St.Joseph Hospital, UK Hospitals and Red Mile. Walking distance to nearby restaurants-great location! 3 BR 2 BA Condo. 10 Properties - 9 Condominiums in Campus Downs on 205 Simpson Ave Units 111, 209, 216, 309, 310. 209 Simpson Ave Units 107, 302. 251

    Diana C Brooker Lifstyl Real Estate

    205 Simpson Ave Unit 111, Lexington, KY 40504
  • /46

    $450,000

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

    1999 Fair Oaks Dr, Lexington, KY 40504

    Casey Weesner Weesner Properties, Inc.

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

    $1,679,300 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
  • /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

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
$370,000
Median Townhouse Sale Price
$289,900
Median 2 Bedroom Sale Price
$240,000
Median 1 Bedroom Sale Price
$184,000
Average Price Per Sq Ft
$201
Number of Homes for Sale
684
Last 12 months Home Sales
3,504
Months of Supply
2.30
Median List Price
$359,900
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