USAKYLexingtonWinburn Estates1801-And-1805-1801 Gerald Dr
1801 Gerald Dr | Image 1
New

$1,095,000

For Sale

4 days ago

1801 and 1805 - 1801 Gerald Dr, Lexington, KY

Condo

MLS® 26008778

24 Bed

12 Bath

10368 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 10368 sqft
Garage 
HOA Fees 
Taxes 
Days Active 4
Approx. Age 1976
Avg. Price Per Sqft $105
MLS® Number 26008778

Property Address: 1801-and-1805-1801 Gerald Dr, Lexington, KY, 40511-1458

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

Description

**PLEASE DO NOT go on property without prior arrangements. DO NOT disturb tenants.** Well-maintained 12-unit multifamily property comprising two side-by-side 6-plex buildings, offering immediate, stable income with long-term tenants and historically low turnover. This asset is ideal for investors seeking reliable returns from day one, with additional upside through future rent increases. Each unit features just south of 900 sq ft with spacious 2-bedroom, 1-bath layouts. Units are individually metered and all-electric, with tenants responsible for all utilities, helping keep operating expenses low and predictable. Although not currently utilized by the seller, as they have been capped off and covered, the units do feature stackable washer and dryer hookups for convenient in-unit laundry—further enhancing future rent potential and overall marketability. Common area and in-unit sprinkler system, adding an extra layer of safety and long-term value. Situated on large, hard-to-find lots, the property offers more than ample, on site paved parking, a significant advantage for multifamily in this area. Rents are currently below market, providing a clear opportunity for increased income over time. Units are well maintained by long-term ownership, including new windows in the last 2-3 years, with no major capital improvements currently anticipated per Seller. Updated hvac, updated electrical service, new lower kitchen cabinets, countertops and sink within the last 4 years in addition to new vanities. Conveniently located with easy access to I-75, New Circle Road, and downtown Lexington, this is a strong addition to any investment portfolio.
MLS® Number26008778
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1976
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 23, 2026List Date
$1,095,000List Price
  • Commute

Commute

Starting Address
Destination Address
1801 Gerald Dr, Lexington, KY

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