551 W Fifth St Lexington, KY 40508
Northside NeighborhoodEstimated payment $513/month
Highlights
- Main Floor Primary Bedroom
- No HOA
- Cooling Available
- Lafayette High School Rated A
- Neighborhood Views
- 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: 10/15/2025
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 Primary Bedroom on Main
- 1-Story Property
- Living Room
- Neighborhood Views
Schools
- Harrison Elementary School
- Lexington Trad Middle School
- Lafayette High School
Utilities
- Cooling Available
- Heating Available
Community Details
- No Home Owners Association
- 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 |
|---|---|---|---|---|
| 2025 | $803 | $64,900 | $0 | $0 |
| 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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2025 11/10/25 | Pending | -- | -- | -- |
| 10/15/2025 10/15/25 | For Sale | $84,900 | -- | -- |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25503783
APN: 11910100
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.
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.
- 616 Bellaire Ave
- 607 N Broadway
- 317 Ross Ave
- 406 Delcamp Dr
- 607 Elsmere Park
- 405 & 407 W Third St
- 516 Maryland Ave Unit 126
- 569 N Upper St
- 568 Maryland Ave
- 212 Old Georgetown St
- 714 Florida St
- 334 Oak St
- 801 N Broadway
- 220 Market St
- 525 Georgetown St
- 541 W Short St Unit 36
- 140 Alabama Ave
- 514 W Short St Unit 101
- 200 W Second St Unit 300
- 515 W Main St Unit 202