$127,000

550 Ohio St Lexington, KY 40508

William Wells Brown Neighborhood

Estimated payment $797/month

Total Views 949
2 Beds
1 Bath
948 Sq Ft
$134 Price per Sq Ft

Highlights

  • No HOA
  • Neighborhood Views
  • Cooling Available
  • Frederick Douglass High School Rated A-
  • 2 Car Detached Garage
  • Living Room

About This Home

Investor Special - 550 Ohio St, Lexington, KY 40508

Add to your rental portfolio with this income-producing property just minutes from downtown Lexington! This 2-bedroom, 1-bath home offers a great layout and bonus storage space with a rare 2-car detached garage—a standout feature in the area. Currently used as a rental, it provides steady income and long-term potential. Conveniently located near the UK campus, Transylvania University, and major transit routes.

Don't miss out—schedule your showing today and take advantage of this solid investment opportunity!

Listing Agent

David Espinosa

Bluegrass Realty Pros, Inc License #285789 Listed on: 07/22/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,135

Year Built

  • Built in 1900

Lot Details

  • 6,059 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 948 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • William Wells Brown Elementary School
  • Lexington Trad Middle School
  • Not Applicable Middle School
  • Frederick Douglass High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 17159200

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,135

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 948.0
  • Levels: One
  • Location Tax Legal Info:Elementary School: William Wells Brown
  • Location Tax Legal Info:Middle or Junior School: Lexington Trad
  • Location Tax Legal Info:High School: Frederick Douglass
  • Location Tax Legal Info:Intermediate School: Not Applicable
  • Contract Info:On Market Date: 2025-07-22
  • General Property Description:Lot Size Acres: 0.1391
  • General Property Description:Above Grade Finished Area: 948.0
  • General Property Description:Waterfront: No
  • View:Neighborhood: Yes
  • Basement: No
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Stories:One: Yes
  • Foundation Details:Slab: Yes
  • General Property Description:Finished Area Total: 948.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Other
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: No
  • Total Bedrooms: 2
  • Lot Size Area: 0.14
  • General Property Description:_pound_ of Primary Bedrooms: 1
  • Rooms:_pound_ of Bedrooms2: 1

Exterior Features

  • Construction Materials: Vinyl Siding
  • Foundation Details: Slab
  • List Price: 127000.0
  • View: Neighborhood
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Carport: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Garage Features:Garage YN: Yes
  • Garage Features:Garage Spaces: 2.0
  • Carport Features:Carport YN: No
  • Garage Features:Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Other
  • Cooling: Other
  • Cooling: Yes
  • Heating: Yes
  • Water Source: Public
  • Heating:Other11: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: William Wells Brown
  • High School: Frederick Douglass
  • Middle or Junior School: Lexington Trad

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6059.0
  • Parcel Number: 17159200

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $1,135 $91,800 $0 $0
2023 $1,135 $91,800 $0 $0
2022 $862 $67,500 $0 $0
2021 $862 $67,500 $0 $0
2020 $709 $55,500 $0 $0
2019 $709 $55,500 $0 $0
2018 $447 $35,000 $0 $0
2017 $426 $35,000 $0 $0
2015 $392 $35,000 $0 $0
2014 $392 $35,000 $0 $0
2012 $392 $35,000 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Sale $127,000 -- $134 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Purchase History

Date Type Sale Price Title Company
Deed $67,500 --
Deed $53,500 --
Deed $50,000 --
Deed $20,900 --
Source: Public Records

Similar Homes in Lexington, KY

  • 564 Ohio St, Lexington, KY 40508

    $144,900

    • 2 Beds
    • 1 Bath
    • 881 Sq Ft
    • 564 Ohio St
    • Lexington, KY

    Nice home in downtown area with fresh paint, brand new carpet 2025, new flooring and all new pex pluming in whole house 2022, all new windows 2022. Great rental in downtown or a place to make your own and call home. Previous rent was $1200mth or great little place to live in. Selling as-is. Great opportunity.

    Bernie Mullins Plum Tree Realty

    Section Image
  • 418 E Seventh St, Lexington, KY 40508

    $124,000

    • 1 Bed
    • 1 Bath
    • 664 Sq Ft
    • 418 E Seventh St
    • Lexington, KY

    Beautifully remodeled 1 bedroom 1 bathroom home. This one story gem features an updated kitchen, flooring, and full bath at the rear entry. Brand new HVAC, new appliances, and so much more. This is a Fannie Mae HomePath Property.

    Todd Hyatt Lois Ann Disponett Real Est

    Section Image
  • 569 N Upper St, Lexington, KY 40508

    $125,000

    • 2 Beds
    • 1 Bath
    • 775 Sq Ft
    • 569 N Upper St
    • Lexington, KY

    Seller is in the process of renovating but will entertain reasonable offers and let the new owners finish the job. This is a 2 bed/ 1 bath home in the heart of the NOLI District. Right around the corner from Al's Bar, Backroads Bakery and the Julietta Market.CASH ONLY OFFERS CONSIDERED

    Cathy Cornett-Wilson Rector Hayden Realtors

    Section Image
  • 334 Oak St, Lexington, KY 40508

    $139,900

    • 1 Bed
    • 1 Bath
    • 797 Sq Ft
    • 334 Oak St
    • Lexington, KY

    Why rent when you can own. Call today 2 hour notice to show. Property will not go FHA currently. Owner selling property as is inspections welcome.

    Kevin Mangold Goshen Real Estate, LLC

    Section Image
  • 557 Haskins Dr, Lexington, KY 40508

    $110,000

    • 2 Beds
    • 1 Bath
    • 1,080 Sq Ft
    • 557 Haskins Dr
    • Lexington, KY

    Diamond in the rough-- This two-bedroom 1 bath cape cod fixer upper has lots of potential. Home has hardwood floors throughout, fireplace in the living room and expandable second floor—potential plus!

    Joyce Nicholson Rector Hayden Realtors

    Section Image
  • 418 Ash St, Lexington, KY 40508

    $105,000

    • 1 Bed
    • 1 Bath
    • 648 Sq Ft
    • 418 Ash St
    • Lexington, KY

    Investors Take Notice! Perfect investment opportunity in Downtown Lexington. Home next door is available as well. Zoned R2.

    Michelle Ford Bluegrass Home Group

    Section Image
  • 416 Ash St, Lexington, KY 40508

    $105,000

    • 1 Bed
    • 1 Bath
    • 432 Sq Ft
    • 416 Ash St
    • Lexington, KY

    Investors Take Notice! Perfect investment opportunity in Downtown Lexington. Home next door is available as well. Zoned R2.

    Michelle Ford Bluegrass Home Group

    Section Image
  • 529 Joel St, Lexington, KY 40508

    $130,000

    • 3 Beds
    • 1 Bath
    • 955 Sq Ft
    • 529 Joel St
    • Lexington, KY

    Opportunity Knocks Near Downtown!This single-family home is bursting with potential and waiting for your vision. Just minutes from the heart of downtown, this property offers the perfect blend of location and opportunity. Whether you're an investor looking for your next project or a renter ready to become a homeowner, this is your chance to build equity and make it your own. With solid bones

    mansour martha Bluegrass Sotheby's International Realty

    Section Image
  • 1016 Jane St, Lexington, KY 40508

    $144,000

    • 3 Beds
    • 1 Bath
    • 1,058 Sq Ft
    • 1016 Jane St
    • Lexington, KY

    Opportunity Knocks Near Downtown!This single-family home is bursting with potential and waiting for your vision. Just minutes from the heart of downtown, this property offers the perfect blend of location and opportunity. Whether you're an investor looking for your next project or a renter ready to become a homeowner, this is your chance to build equity and make it your own. With solid bones

    mansour martha Bluegrass Sotheby's International Realty

    Section Image
See All Homes in Lexington

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25015953

ImagineMLS (Bluegrass REALTORS®)

APN: 17159200

Kentucky Fayette County Lexington 40508 William Wells Brown

550 Ohio St, Lexington, KY

This home is located at 550 Ohio St, Lexington, KY 40508 and is currently priced at $127,000, approximately $133 per square foot. This property was built in 1900. 550 Ohio St is a home located in Fayette County with nearby schools including William Wells Brown Elementary School, Lexington Traditional Magnet School, and Frederick Douglass 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.

Nearby Homes
Listing Agent
David Espinosa
Section Image
Bluegrass Realty Pros, Inc
(859) 484-7280