198 Cardinal Dr Lancaster, KY 40444
Estimated payment $1,403/month
About This Home
Fantastic Investment Opportunity - Duplex Near Downtown Lancaster!
This well-maintained duplex is less than 5 minutes from downtown Lancaster and offers exceptional flexibility for homeowners or investors alike.
Unit A features 2 bedrooms, 2 full bathrooms, and an attached garage, while Unit B offers 3 bedrooms and 2 full bathrooms—and each unit includes at least one bedroom on the first floor, making them ideal for a variety of living situations.
Live in one side and rent out the other, lease both units for steady cash flow, or use one for extended family—this property adapts to your needs. Each unit is spacious, functional, and ready for tenants or move-in ready for an owner-occupant.
Opportunities like this don't come around often.
** Buyer/buyers agent to verify all information about schools and sqf **
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,064
Year Built
- Built in 1998
Lot Details
- 10,000 Sq Ft Lot
Parking
- Parking Available
Home Design
- Duplex
- Shingle Roof
Interior Spaces
- 2,217 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Schools
- Lancaster Elementary School
- Garrard Co Middle School
- Not Applicable Middle School
- Garrard Co High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 27b-02-022
Community Details
Overview
- 2 Units
- Quail Run Subdivision
Building Details
- 1 Vacant Unit
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,064 | $95,000 | $20,000 | $75,000 |
| 2023 | $1,064 | $90,000 | $20,000 | $70,000 |
| 2022 | $1,044 | $90,000 | $20,000 | $70,000 |
| 2021 | $1,065 | $90,000 | $20,000 | $70,000 |
| 2020 | $1,066 | $90,000 | $20,000 | $70,000 |
| 2019 | $1,037 | $87,200 | $20,000 | $67,200 |
| 2018 | $1,037 | $87,200 | $20,000 | $67,200 |
| 2017 | $1,037 | $87,200 | $20,000 | $67,200 |
| 2016 | $1,019 | $87,200 | $20,000 | $67,200 |
| 2012 | $1,003 | $87,200 | $20,000 | $67,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | Pending | -- | -- | -- |
| 06/24/2025 06/24/25 | For Sale | $240,000 | -- | $108 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25013444
APN: 27B-02-022
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