509 W 3rd Street, Lexington, KY 40508

Lexington
Local realty services provided by:Better Homes and Gardens Real Estate Fern Leaf Group
509 W 3rd Street,Lexington, KY 40508
$625,000
  • 5 Beds
  • 4 Baths
  • 3,585 sq. ft.
  • Multi-family
  • Active
Listed by: susan kennedy
Office: bluegrass sotheby's international realty
MLS#:26007853
Source:KY_LBAR

Price summary

  • Price:$625,000
  • Price per sq. ft.:$174.34

About this home

Turn-key four-plex income property in one of downtown Lexington's most sought-after locations—the thriving Jefferson Corridor, surrounded by recently completed high-end developments. This investment opportunity is currently fully leased, generating over $55,000 in annual rental income with low maintenance requirements. Major system upgrades include high-efficiency heating and cooling, along with updated electrical that is separately metered completed in 2021—offering flexibility for potential individual unit sale. While preserving its original charm featuring vaulted ceilings, beautiful hardwood floors, and classic window moldings. Residents have in-unit washer and dryer and a private fenced backyard with community firepit. Additional highlights include on-site garage parking with extra parking available. Ideally located with short distance to the University of Kentucky, Rupp Arena, Transylvania University, as well as popular dining and entertainment destinations such.

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Home facts

  • Year built:1920
  • Subdivision & Development:Downtown
  • Listing ID #:26007853
  • Added:141 day(s) ago
  • Updated:September 02, 2026 at 02:48 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:3,585 sq. ft.

Heating and cooling

  • Cooling:Electric
  • Heating:Electric, Natural Gas

Structure and exterior

  • Year built:1920
  • Building area:3,585 sq. ft.
  • Lot area:0.18 Acres

Schools

  • High school:Lafayette
  • Middle school:Lexington Trad
  • Elementary school:Harrison

Finances and disclosures

  • Price:$625,000
  • Price per sq. ft.:$174.34
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