551 W Fifth St Lexington, KY 40508
Northside NeighborhoodEstimated payment $570/month
Highlights
- Neighborhood Views
- Cooling Available
- Heating Available
- Lafayette High School Rated A
- 1-Story Property
- 2-minute walk to Coolavin Park
About This Home
This property is a diamond in the rough, prime location in the heart of downtown, this property offers immense potential for the savvy investor or developer. The building is in need of a complete overhaul, but with the right vision, it could be transformed into a beautiful downtown Lexington home. Located in a high-demand area, surrounded by ongoing developments, restaurants, and businesses, this property is poised to benefit from future growth.
Listing Agent
Bluegrass Sotheby's International Realty License #221015 Listed on: 08/11/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $803
Year Built
- Built in 1900
Lot Details
- 1,986 Sq Ft Lot
Interior Spaces
- 1 Bedroom
- 1-Story Property
- Neighborhood Views
Schools
- Harrison Elementary School
- Lexington Trad Middle School
- Lafayette High School
Utilities
- Cooling Available
- Heating Available
Community Details
- Warfield Bell Subdivision
Listing and Financial Details
- Assessor Parcel Number 11910100
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 |
|---|---|---|---|---|
| 2024 | $803 | $64,900 | $0 | $0 |
| 2023 | $315 | $25,500 | $0 | $0 |
| 2022 | $326 | $25,500 | $0 | $0 |
| 2021 | $326 | $25,500 | $0 | $0 |
| 2020 | $374 | $29,300 | $0 | $0 |
| 2019 | $374 | $29,300 | $0 | $0 |
| 2018 | $374 | $29,300 | $0 | $0 |
| 2017 | $357 | $29,300 | $0 | $0 |
| 2015 | $154 | $13,800 | $0 | $0 |
| 2014 | $154 | $13,800 | $0 | $0 |
| 2012 | $154 | $13,800 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $94,900 | -- | -- |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25017650
APN: 11910100
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