240 E Third St Lexington, KY 40508
Downtown Lexington NeighborhoodEstimated payment $1,789/month
Highlights
- Cooling Available
- Lafayette High School Rated A
- Heating System Uses Natural Gas
About This Home
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 looking to add to their real estate portfolio. Enjoy the convenience of being just minutes from restaurants, shopping, and all that downtown Lexington has to offer.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,878
Year Built
- Built in 1880
Lot Details
- 5,663 Sq Ft Lot
Home Design
- 1,967 Sq Ft Home
- Duplex
- Shingle Roof
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Schools
- Harrison Elementary School
- Lexington Trad Middle School
- Lafayette High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Heat Pump System
Community Details
- Downtown Subdivision
Listing and Financial Details
- Assessor Parcel Number 10356500
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 |
|---|---|---|---|---|
| 2025 | $1,878 | $151,900 | $0 | $0 |
| 2024 | $1,878 | $151,900 | $0 | $0 |
| 2023 | $1,744 | $141,000 | $0 | $0 |
| 2022 | $1,801 | $141,000 | $0 | $0 |
| 2021 | $1,801 | $141,000 | $0 | $0 |
| 2020 | $1,801 | $141,000 | $0 | $0 |
| 2019 | $1,801 | $141,000 | $0 | $0 |
| 2018 | $1,801 | $141,000 | $0 | $0 |
| 2017 | $1,717 | $141,000 | $0 | $0 |
| 2015 | $1,175 | $90,000 | $0 | $0 |
| 2014 | $1,175 | $105,000 | $0 | $0 |
| 2012 | $1,175 | $105,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/09/2025 11/09/25 | Price Changed | $309,000 | -3.1% | $157 / Sq Ft |
| 10/31/2025 10/31/25 | Price Changed | $319,000 | -3.0% | $162 / Sq Ft |
| 10/21/2025 10/21/25 | Price Changed | $329,000 | -6.0% | $167 / Sq Ft |
| 10/09/2025 10/09/25 | For Sale | $349,900 | -- | $178 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $141,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $171,090 | Unknown | |
| Closed | $118,000 | Unknown |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25503288
APN: 10356500
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