Amazing opportunity to own a property with great potential for renting to UK students and young professionals. This property is ideally located within walking distance to downtown and campus, making it highly desirable for tenants. The property consists of two units - one upstairs with 3 bedrooms and two full baths, and one downstairs with 2 bedrooms and 1 bath. There is also the potential to convert this property into a single family home. The downstairs unit has had the same tenant for over 15 years, while the upstairs unit has been recently vacated/updated and ready to show. The structure is all brick and features a large multilevel deck in rear surrounded by a fenced yard. There is ample parking behind the house, as well as a green space known as Latrobe Park. Both units are spacious and include their own washer/dryers. Property to be sold AS-IS, but inspections are welcome!
Sold for $375,000
$375,000
228 Rose St, Lexington, KY 40508
5beds
2,100sqft
Duplex
Built in 1948
-- sqft lot
$429,800 Zestimate®
$179/sqft
$3,497 Estimated rent
Home value
$429,800
$404,000 - $456,000
$3,497/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Chase Pennington 859-866-3648,
Team Pannell Real Estate
Bought with:
Chase Pennington, 245633
Team Pannell Real Estate
Source: Imagine MLS,MLS#: 24013672
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- Electric, Other
Interior area
- Total structure area: 2,100
- Total interior livable area: 2,100 sqft
Property
Parking
- Total spaces: 5
- Parking features: On Site
Lot
- Size: 6,098 sqft
Details
- Parcel number: 13132800
- Zoning description: R-3/ Duplex
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Lexington
- Subdivision: Downtown
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2024 | Sold | $375,000-3.6%$179/sqft |
Source:  Imagine MLS #24013672 Report a problem | ||
| 8/12/2024 | Price change | $389,000-4%$185/sqft |
Source: Imagine MLS #24013672 Report a problem | ||
| 7/18/2024 | Price change | $405,000-3.6%$193/sqft |
Source: Imagine MLS #24013672 Report a problem | ||
| 7/2/2024 | Listed for sale | $420,000+55.6%$200/sqft |
Source: Imagine MLS #24013672 Report a problem | ||
| 4/1/2021 | Sold | $270,000+20%$129/sqft |
Source: Public Record Report a problem | ||
| 5/31/2019 | Sold | $225,000+0%$107/sqft |
Source: Imagine MLS #1908579 Report a problem | ||
| 4/24/2019 | Pending sale | $224,900$107/sqft |
Source: Hunter Real Estate #1908579 Report a problem | ||
| 4/23/2019 | Listed for sale | $224,900$107/sqft |
Source: Hunter Real Estate #1908579 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,339 | $270,000 |
| 2023 | $3,339 -3.2% | $270,000 |
| 2022 | $3,449 +20% | $270,000 +20% |
| 2021 | $2,874 | $225,000 |
| 2020 | $2,874 +40.6% | $225,000 +40.6% |
| 2019 | $2,044 | $160,000 |
| 2018 | $2,044 +4.9% | $160,000 |
| 2017 | $1,948 +22.6% | $160,000 +12.7% |
| 2015 | $1,589 | $142,000 |
| 2014 | $1,589 | $142,000 |
| 2012 | $1,589 | $142,000 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $142,000 |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Neighborhood: Central Downtown
Nearby schools
GreatSchools rating
- 9/10Ashland Elementary SchoolGrades: K-5Distance: 0.8 mi
- 5/10Lexington Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Henry Clay High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Ashland
- Middle: Lexington Trad
- High: Henry Clay
Source: Imagine MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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