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Listed price in listed location currency (USD).
$675,000

545

MLS® 26007853

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3585 sqft
Garage 
Taxes 
Days Active 3
Lot Size 
Approx. Age 1920
Avg. Price Per Sqft $188
MLS® Number 26007853

Property Address: 509 W Third St, Lexington, KY, 40508-1598

Average square foot calculated using Size range provided by listing agent.

Description

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 $50, 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.
MLS® Number26007853
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
Basement
DrivewayCovered
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 14, 2026List Date
$675,000List Price
  • Commute

Commute

Starting Address
Destination Address
509 W Third St, Lexington, KY

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