NOT LISTED FOR SALE

518 Georgetown St Lexington, KY 40508

Georgetown Neighborhood
-- Beds
-- Baths
-- Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: December 13, 2021

Last sale price $387,500

26 Days on Market

Highlights

  • 0.28 Acre Lot
  • Paul Laurence Dunbar High School Rated A
  • Baseboard Heating

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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 12,197 Sq Ft 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

0.28 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Apartment
  • Structure Type: Multi Family
  • Year Built: 1957
  • New Construction: No
  • Standard Status: Closed
  • Roof:Composition: Yes
  • Cooling:Window Unit(s): Yes
  • Lot: Lot Size Acres: 0.28
  • Lot: Lot Size Square Feet: 12197.0
  • Tax Legal: Elementary School: Booker T Washington
  • Tax Legal: Middle Or Junior School: Winburn
  • Tax Legal: High School: Dunbar
  • AssociationCommunity: Number Of Buildings: 2.0
  • Other Sold Info: New Construction YN: No
  • Income and Expenses: Electric Expense: 900.0
  • Income and Expenses: Gross Income: 79200.0
  • Income and Expenses: Insurance Expense: 3696.0
  • Income and Expenses: Water Sewer Expense: 9000.0
  • Structure Type: Multi Family: Yes
  • AssociationCommunity: Number Of Units Total: 12.0
  • 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
  • Parking Information: Parking Total: 20.0

Utilities

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Georgetown, KY

  • Ciara Isaacs Hagedorn Real Estate Agent - RE/MAX Elite Lexington

    Ciara Isaacs Hagedorn

    RE/MAX Elite Lexington

    (859) 800-7360

    80 Total Sales

    1 in Georgetown

    $79,900 Price

    Ciara Isaacs Hagedorn
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  • Ed Sarfo Real Estate Agent - Commonwealth Real Estate Professionals

    Ed Sarfo

    Commonwealth Real Estate Professionals

    (859) 724-6627

    93 Total Sales

    4 in Georgetown

    $50K - $178K Price Range

    Ed Sarfo
     Section Image
  • Brenda Rue Real Estate Agent - Keller Williams Bluegrass Realty

    Brenda Rue

    Keller Williams Bluegrass Realty

    (859) 800-2408

    37 Total Sales

    3 in Georgetown

    $50K - $52K Price Range

    Brenda Rue
     Section Image
  • Sara Morken Real Estate Agent - Bluegrass Sotheby's International Realty

    Sara Morken

    Responds Quickly

    Bluegrass Sotheby's International Realty

    (859) 800-2695

    21 Total Sales

    1 in Georgetown

    $70,000 Price

    Sara Morken
     Section Image

  • JM

    Jacqueline Marchildon

    Responds Quickly

    Lifstyl Real Estate

    (859) 963-2276

    87 Total Sales

    1 in Georgetown

    $72,000 Price

    Jacqueline Marchildon
     Section Image

  • BS

    Bob Sophiea

    Responds Quickly

    eXp Realty, LLC

    (859) 413-3845

    408 Total Sales

    1 in Georgetown

    $172,000 Price

    Bob Sophiea
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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®)

Agents Affiliated with this Home

  • Jay Atkins Real Estate Agent - Atkins Real Estate

    Seller's Agent in 2021

    Jay Atkins

    Atkins Real Estate

    (859) 621-2051

    2 in this area

    66 Total Sales

    Jay Atkins
    Section Image
  • Ed Sarfo Real Estate Agent - Commonwealth Real Estate Professionals

    Seller's Agent in 2017

    Ed Sarfo

    Commonwealth Real Estate Professionals

    (859) 338-8806

    4 in this area

    93 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

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 2026 LBAR Multiple Listing Service. All Rights Reserved.

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