NOT LISTED FOR SALE

518 Georgetown St Lexington, KY 40508

Georgetown Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.28 Acres

Last Sold December 13, 2021

Last sale price $387,500

26 Days on Market

Highlights

  • 0.28 Acre Lot
  • Window Unit Cooling System
  • Baseboard Heating
  • Paul Laurence Dunbar High School Rated A

About This Home

As of December 2021

Great Investment Opportunity! 12 unit complex. Approximately .28 acres includes 518-524 Georgetown Street and 514 Michigan St.
7- one bedroom units, 4- two bedroom units and 1- studio or general business space. Site includes rear asphalt parking area.

Last Agent to Sell the Property

Jay Atkins

Atkins Real Estate License #189985 Listed on: 09/29/2021

Last Buyer's Agent

Jay Atkins

Atkins Real Estate License #189985 Listed on: 09/29/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.28 Acre Lot

Parking

  • 20 Parking Spaces

Home Design

  • Composition Roof

Schools

  • Booker T Washington Elementary School
  • Winburn Middle School
  • Dunbar High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 12482600

Community Details

Overview

  • 2 Buildings
  • 12 Units
  • Douglas Heights Subdivision

Building Details

  • Electric Expense $900
  • Insurance Expense $3,696
  • Water Sewer Expense $9,000
  • Gross Income $79,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Apartment
  • Structure Type: Multi Family
  • Year Built: 1957
  • New Construction: No
  • Roof:Composition: Yes
  • Cooling:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Area: 0.28

Exterior Features

  • Roof: Composition
  • List Price: 495000.0

Garage/Parking

  • Total Parking Spaces: 20.0

Utilities

  • Heating: Baseboard
  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating:Baseboard: Yes

Fee Information

  • Water Sewer Expenses: 9000.0

Schools

  • Elementary School: Booker T Washington
  • High School: Dunbar
  • Middle or Junior School: Winburn

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12197.0
  • Parcel Number: 12482600
  • Zoning Description: B-1, R-4

Multi Family

  • Electric Expense: 900.0
  • Gross Income: 79200.0
  • Insurance Expense: 3696.0
  • Number of Units Total: 12

Range of Values:

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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 Prior Sale
12/13/2021 12/13/21 Sold $387,500 -21.7% --
10/06/2021 10/06/21 Pending -- -- --
09/29/2021 09/29/21 For Sale -- -- --
09/15/2021 09/15/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $495,000 +73.7% --
05/26/2017 05/26/17 Sold $285,000 0.0% -- View Prior Sale
04/25/2017 04/25/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $285,000 -- --
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jay Atkins

    Seller's Agent in 2021

    Jay Atkins

    Atkins Real Estate

    (859) 621-2051

    3 in this area

    72 Total Sales

    Jay Atkins
    Section Image
  • Ed Sarfo

    Seller's Agent in 2017

    Ed Sarfo

    Commonwealth Real Estate Professionals

    (859) 338-8806

    5 in this area

    106 Total Sales

    Ed Sarfo
    Section Image
See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20119518

ImagineMLS (Bluegrass REALTORS®)
Kentucky Fayette County Lexington 40508 Georgetown

518 Georgetown St, Lexington, KY

This home is located at 518 Georgetown St, Lexington, KY 40508 since 29 September 2021. This property was built in 1957. 518 Georgetown St is a home located in Fayette County with nearby schools including Booker T. Washington Elementary School, Winburn Middle School, and Paul Laurence Dunbar High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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