$580,000
OPEN SAT 1PM - 3PM

405 & 407 W Third St Lexington, KY 40508

Northside Neighborhood

Estimated payment $3,631/month

Total Views 209
8 Beds
4 Baths
3,922 Sq Ft
$148 Price per Sq Ft

Highlights

  • Hot Property
  • Central Air
  • 5-minute walk to Gratz Park
  • Lafayette High School Rated A
  • Heating System Uses Natural Gas

About This Home

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 development or expansion in a Designated Opportunity Zone. Don't miss this rare chance to own income-producing property with value-add possibilities in an unbeatable location.

Listing Agent

G Tekeli

United Real Estate Bluegrass License #275825 Listed on: 11/13/2025

United Real Estate Bluegrass

Open House Schedule

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,094 Sq Ft Lot

Home Design

  • Quadruplex

Interior Spaces

  • 3,922 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 16578300 & 16577600

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Quadruplex
  • Structure Type: Quadruplex
  • Year Built: 1950
  • Structure Type:Quadruplex: Yes
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • LivingArea: 3922.0
  • Lot Size Area: 0.14
  • Total Stories: 2

Exterior Features

  • List Price: 580000.0

Utilities

  • Heating: Natural Gas
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Yes

Schools

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6094.04
  • Parcel Number: 16578300 & 16577600
  • Zoning Description: R-4

Multi Family

  • Number of Units Total: 4

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
11/13/2025 11/13/25 For Sale $580,000 -- $148 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25506041

ImagineMLS (Bluegrass REALTORS®)
Kentucky Fayette County Lexington 40507 Northside

405 & 407 W Third St, Lexington, KY

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ImagineMLS (Bluegrass REALTORS®) The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 LBAR Multiple Listing Service. All Rights Reserved.

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Listing Agent
G Tekeli
Section Image
United Real Estate Bluegrass
(859) 646-2770