$849,900

Estimated payment $5,378/month

Total Views 676
15 Beds
20 Baths
5,992 Sq Ft
$142 Price per Sq Ft

Highlights

  • Window Unit Cooling System
  • Coin Laundry
  • 4-minute walk to Cheapside Park
  • Lafayette High School Rated A
  • Heating Available

About This Home

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 in 10,665 a month. Rent rolls and financials are available on Flex.

Listing Agent

M Scott Peace

Lifstyl Real Estate License #240444 Listed on: 09/11/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,841 Sq Ft Lot
  • Sprinkler System

Parking

  • 6 Parking Spaces

Interior Spaces

  • 5,992 Sq Ft Home
  • 2-Story Property
  • Fire Sprinkler System

Bedrooms and Bathrooms

  • 15 Bedrooms

Schools

  • Harrison Elementary School
  • Lexington Trad Middle School
  • Lafayette High School

Utilities

  • Window Unit Cooling System
  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 16593651

Community Details

Overview

  • 2 Buildings
  • 16 Units
  • Downtown Subdivision

Additional Features

  • Coin Laundry
  • Gross Income $10,665

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Apartment
  • Structure Type: Multi Family
  • Year Built: 1920
  • Cooling:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 18
  • Half Bathrooms: 2
  • Total Bathrooms: 20
  • Total Bedrooms: 15
  • LivingArea: 5992.0
  • Lot Size Area: 0.18
  • Total Stories: 2

Exterior Features

  • List Price: 849900.0

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Heating: Other
  • Cooling: Central Air, Window Unit(s)
  • Cooling: Yes
  • Heating: Yes
  • Security Features: Fire Sprinkler System

Condo/Co-op/Association

  • Association Amenities: Coin Laundry

Schools

  • Elementary School: Harrison
  • High School: Lafayette
  • Middle or Junior School: Lexington Trad

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7840.8
  • Parcel Number: 16593651

Multi Family

  • Gross Income: 10665.0
  • Number of Units in Community: 15
  • Number of Units Total: 16

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2025 09/11/25 For Sale $849,900 -- $142 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25501013

ImagineMLS (Bluegrass REALTORS®)