509 W Third Street Lexington, KY
$ 507,900
Property Attributes
  • MLS#20020929
  • TypeMulti-Family
  • CountyFAYETTE
  • CityLexington
  • AreaFayette County NW 1
  • NeighborhoodDowntown
  • Zip40508
  • StyleQuad
  • Year Built1920
  • Taxes4533
  • Price$ 507,900
  • Bedrooms5
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3585
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
Bluegrass Sotheby's International Realty
Property Description

Turn-key restored and renovated income property in the hottest location in downtown Lexington (Jefferson Corridor with recent high-end developments Jefferson Townhome Development & The Flats at 345). Currently fully rented with $42,600 in annual rent, little to no vacancy and low maintenance. Updated high-efficiency heating and cooling. Upgraded electric, separately metered for potential individual sale. Completely remodeled, vaulted ceilings with beautiful original hardwood floors and window molding. On site garage parking, extra parking available. In-unit washer & dryer. Secure entry and private fenced backyard, with community garden. Walking distance to downtown UK, Rupp, Transylvania, new BCTC campus restaurants (Grey Goose, Nick Ryans) and breweries (West 6th, Blue Stallion).

Price History
10/8/2020 Listed $519,900
11/10/2020 3% - $507,900

General Features

Board Loaded No
MLS Area Fayette County NW 1
Parking Features 1 - 5 Spaces, Covered
Possession Other, Rental Agreement, Sub to Tenant Rights
Property SubType Multi-Housing
Property Type Multi-Housing
Region Areas
Repairs & Maint. 1200
Roof Composition, Flat
Sub Lease Expiration Date 1800-01-01T00:00:00
Subdivision Name Downtown
Tax Rate 1.2774
Terms Cash, Conventional
Type Quad
Year Built 1920
Zoning Description R-2

Interior Features

Full Baths 4
Living Area 3585.00
Total Bedrooms 5

Exterior Features

Bathrooms 4.00
Fuel Source Electric, Gas
Lot Size Acres 0.19
Lot Size Square Feet 8100.00
Lot Size Units SqFt
Sprinklers None
Water Services 1200


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 40508

AVG $250K
AVG $4,533
AVG 129
Year Built
AVG 1937
AVG 72
Data Provided by Walkscore ® not using MLS data

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