Turnkey investment opportunity in the heart of Lexington's highly desirable Kenwick neighborhood in 40502! This fully occupied duplex offers immediate rental income with both units currently leased and tenants paying all utilities. The downstairs unit rents for $1,500/month with a lease through 2/28/2027, while the upstairs unit rents for $1,580/month with a lease through 1/31/2027—providing $3,080 in combined monthly rent and $36,960 in annual gross rental income. Located just minutes from the University of Kentucky, downtown Lexington, Chevy Chase, shopping, dining and entertainment, this property offers an outstanding location with strong long-term rental appeal. Whether you're looking to expand your portfolio or secure a multifamily property in one of Lexington's most sought-after areas, 270 Sherman Avenue deserves a serious look. Schedule your showing today!
For sale
Price cut: $14K (9/4)
$445,000
270 Sherman Ave, Lexington, KY 40502
6beds
2,160sqft
Duplex
Built in 1920
-- sqft lot
$424,200 Zestimate®
$206/sqft
$-- HOA
What's special
- 20 hours
- 117
- 2
Zillow last checked:
Listing updated:
Listed by:
Tyler I Back 859-983-2717,
The Brokerage
Source: Imagine MLS,MLS#: 26024385
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heat Pump
Cooling
- Electric
Appliances
- Laundry: Washer Hookup
Interior area
- Total structure area: 2,160
- Total interior livable area: 2,160 sqft
Property
Parking
- Total spaces: 6
- Parking features: On Site
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 45407700
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Materials
- Roof: Shingle
Condition
- Year built: 1920
Community & HOA
Community
- Subdivision: Kenwick
Location
- Region: Lexington
Financial & listing details
- Price per square foot: $206/sqft
- Tax assessed value: $332,000
- Annual tax amount: $4,106
- Date on market: 9/4/2026
Estimated market value
$424,200
$403,000 - $445,000
$1,500/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Price change | $445,000-3.1%$206/sqft |
Source:  Imagine MLS #26024385 Report a problem | ||
| 7/23/2026 | Price change | $459,000-5.3%$213/sqft |
Source: Imagine MLS #26019619 Report a problem | ||
| 5/7/2026 | Price change | $484,500-0.1%$224/sqft |
Source: Imagine MLS #26010184 Report a problem | ||
| 4/26/2026 | Price change | $485,000-3%$225/sqft |
Source: Imagine MLS #26007248 Report a problem | ||
| 4/14/2026 | Pending sale | $499,900$231/sqft |
Source: Imagine MLS #26007248 Report a problem | ||
| 4/7/2026 | Listed for sale | $499,900+50.6%$231/sqft |
Source: Imagine MLS #26007248 Report a problem | ||
| 10/29/2021 | Sold | $332,000+0.6%$154/sqft |
Source: Imagine MLS #20120532 Report a problem | ||
| 9/23/2021 | Contingent | $330,000$153/sqft |
Source: Imagine MLS #20120532 Report a problem | ||
| 9/22/2021 | Listed for sale | $330,000+95.3%$153/sqft |
Source: Imagine MLS #20120532 Report a problem | ||
| 5/13/2020 | Listing removed | $995 |
Source: First Place Properties LLC Report a problem | ||
| 3/11/2020 | Listed for rent | $995 |
Source: First Place Properties LLC Report a problem | ||
| 1/28/2019 | Sold | $169,000-0.5%$78/sqft |
Source: Imagine MLS #1904168 Report a problem | ||
| 3/8/2016 | Listing removed | $169,900$79/sqft |
Source: RE/MAX Creative Realty #1324053 Report a problem | ||
| 10/17/2015 | Listed for sale | $169,900$79/sqft |
Source: RE/MAX Creative Realty #1324053 Report a problem | ||
| 7/31/2015 | Listing removed | $169,900$79/sqft |
Source: RE/MAX Creative Realty #1324053 Report a problem | ||
| 5/15/2015 | Price change | $169,900-3.4%$79/sqft |
Source: RE/MAX Creative Realty #1324053 Report a problem | ||
| 12/9/2014 | Price change | $175,900-3.8%$81/sqft |
Source: RE/MAX Creative Realty #1324053 Report a problem | ||
| 12/30/2013 | Listed for sale | $182,900$85/sqft |
Source: RE/MAX Creative Realty #1324053 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,106 | $332,000 |
| 2024 | $4,106 | $332,000 |
| 2023 | $4,106 -3.2% | $332,000 |
| 2022 | $4,241 +96.4% | $332,000 +96.4% |
| 2021 | $2,159 | $169,000 |
| 2020 | $2,159 | $169,000 |
| 2019 | $2,159 -9.2% | $169,000 -9.2% |
| 2018 | $2,379 +22.1% | $186,200 +16.4% |
| 2017 | $1,948 +8.8% | $160,000 |
| 2015 | $1,791 | $160,000 |
| 2014 | $1,791 | $160,000 |
| 2012 | $1,791 | $160,000 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $188,000 |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Fairway-Liberty Heights
Nearby schools
Schools provided by the listing agent
- Elementary: Ashland
- Middle: Morton
- 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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