Rare investment opportunity in a prime Lexington location! This updated 4-unit apartment complex is ideally situated next to Central Baptist Hospital and just over a mile from the University of Kentucky, offering strong rental demand and excellent convenience. Each of the four units features 2 bedrooms and 2 full baths, with spacious living rooms that provide comfortable gathering space and an ample kitchen with plenty of cabinet storage, making each unit highly desirable for tenants. All units are located on the third floor of a professional office building, offering added privacy and a unique mixed-use setting. The property includes a common laundry area with coin-operated machines, as well as both elevator and stair access for ease of entry. Tenants will also appreciate the onsite paved parking lot, a valuable amenity in this highly sought-after area. With updated interiors, generous living spaces, and a fantastic location, this property is perfect for investors looking to expand their portfolio with a low-maintenance, income-producing asset.
Contingent
$775,000
1640 Nicholasville Rd, Lexington, KY 40503
8beds
4,097sqft
Quadruplex
Built in 1985
-- sqft lot
$-- Zestimate®
$189/sqft
$-- HOA
What's special
Updated interiorsElevator and stair accessGenerous living spacesOnsite paved parking lot
- 77 days |
- 347 |
- 25 |
Zillow last checked:
Listing updated:
Listed by:
Jon Bentley 502-542-8041,
Keller Williams Commonwealth
Source: Imagine MLS,MLS#: 26007439
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Heat Pump, Natural Gas
Cooling
- Central Air, Ceiling Fan(s), Electric, Heat Pump
Appliances
- Laundry: Common Area
Interior area
- Total structure area: 4,097
- Total interior livable area: 4,097 sqft
Property
Parking
- Parking features: On Site, Paved
Lot
- Size: 0.69 Acres
Details
- Parcel number: 10028140, 10028150, 10028160, 10028170
- Zoning: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Roof: Shingle
Condition
- Year built: 1985
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Commercial
HOA
- Amenities included: Coin Laundry
- Services included: Insurance, Maintenance Grounds, Maintenance Structure, Trash, Water
Location
- Region: Lexington
Financial & listing details
- Price per square foot: $189/sqft
- Date on market: 4/9/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Contingent | $775,000$189/sqft |
Source: | ||
| 4/9/2026 | Listed for sale | $775,000+10.9%$189/sqft |
Source: | ||
| 1/24/2026 | Listing removed | $699,000$171/sqft |
Source: | ||
| 11/25/2025 | Price change | $699,000-4.1%$171/sqft |
Source: | ||
| 11/11/2025 | Price change | $729,000-8.8%$178/sqft |
Source: | ||
| 10/22/2025 | Price change | $799,000-6.9%$195/sqft |
Source: | ||
| 9/19/2025 | Listed for sale | $858,000-0.1%$209/sqft |
Source: | ||
| 9/10/2025 | Contingent | $859,000$210/sqft |
Source: | ||
| 9/5/2025 | Price change | $859,000-4.4%$210/sqft |
Source: | ||
| 9/3/2025 | Listed for sale | $899,000$219/sqft |
Source: | ||
| 8/21/2025 | Contingent | $899,000$219/sqft |
Source: | ||
| 8/18/2025 | Price change | $899,000-16%$219/sqft |
Source: | ||
| 6/30/2025 | Listed for sale | $1,070,000$261/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 40503
Nearby schools
GreatSchools rating
- 8/10Glendover Elementary SchoolGrades: PK-5Distance: 1 mi
- 7/10Morton Middle SchoolGrades: 6-8Distance: 1.1 mi
- 10/10Lafayette High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Glendover
- Middle: Mary E Britton
- High: Lafayette
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Kentucky
- Fayette County
- Lexington
- 40503
- 1640 Nicholasville Rd
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