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Sold for $1,550,000
  • $1,550,000

    2024 Cornerstone Dr, Lexington, KY 40509

    24beds
    12,544sqft
    Quadruplex
    Built in 2000
    -- sqft lot
    $1,596,500 Zestimate®
    $124/sqft
    $1,509 Estimated rent

    Home value

    $1,596,500

    $1.47M - $1.72M

    $1,509/mo

    Zestimate® history
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    What's special

    12-Unit Multifamily Investment Opportunity | Lexington, KY 40509 Presented by The Gibson Company The Gibson Company is excited to bring to market a 12-unit multifamily investment opportunity located in the highly desirable 40509 zip code of Lexington, KY. This portfolio consists of one (1) 8-plex and one (1) 4-plex, both constructed in the year 2000. The 8-plex consists of seven (7) 2-bedroom, 1-bath units and one (1) 2-bedroom, 1.5-bath unit. Each unit is approximately 900 square feet and includes a small private deck for tenant enjoyment. The 4-plex includes four (4) large 2-bedroom, 2-bath units, each approximately 1,100 square feet. These units do not include decks but offer spacious interior layouts. Both buildings have had roofs replaced within the last 5-8 years. Approximately 75% of all HVAC units have also been replaced, offering reduced near-term capital expenditure exposure for investors. The property is located minutes from New Circle Road, I-75, Hamburg Pavilion, and Man O' War Boulevard — providing strong connectivity to retail, restaurants, and employment centers. Property Highlights: 12 Total Units: One 8-Plex + One 4-Pl

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrew Mueller 859-421-5020,

    The Gibson Company

    Bought with:

    Andrew Mueller, 209929

    The Gibson Company

    Source: Imagine MLS,MLS#: 25009873MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 24
    • Bathrooms: 17
    • Full bathrooms: 12
    • 1/2 bathrooms: 5
    Heating
    • Heat Pump
    Cooling
    • Heat Pump
    Interior area
    • Total structure area: 12,544
    • Total interior livable area: 12,544 sqft

    Property

    Parking
    • Total spaces: 20
    Lot
    • Size: 0.55 Acres
    Details
    • Parcel number: 38019630
    • Zoning description: r-4

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 2000

    Utilities & green energy

    • Utilities for property: Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: Eastwood
    Location
    • Region: Lexington

    Financial & listing details

    • Price per square foot: $124/sqft
    • Date on market: 5/12/2025
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    7/16/2025Sold$1,550,000$124/sqft
    Source: Imagine MLS #25009873 Report a problem
    3/31/2018Listing removed$650
    Source: Bluegrass Property Exchange #1804777 Report a problem
    3/10/2018Listed for rent$650+8.3%
    Source: Bluegrass Property Exchange #1804777 Report a problem
    4/8/2014Listing removed$600
    Source: Allstar Realty Consultants #1400825 Report a problem
    1/18/2014Listed for rent$600
    Source: Allstar Realty Consultants #1400825 Report a problem

    Public tax history

    Tax history is unavailable.
    Find assessor info on the county website

    Neighborhood: 40509

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $1,596,500
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    +$31,930
    With Zillow Showcase(estimated)
    $1,628,430