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Sold for $550,000
  • $550,000

    300 Codell Dr, Lexington, KY 40509

    8beds
    3,456sqft
    Quadruplex
    Built in 1979
    -- sqft lot
    $565,900 Zestimate®
    $159/sqft
    $1,283 Estimated rent

    Home value

    $565,900

    $521,000 - $611,000

    $1,283/mo

    Zestimate® history
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    $1,283/mo

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    $3,358/mo

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    What's special

    New windowsBrand-new roofFreshly paved drivewaySliding glass doorsSpacious units
    Don't miss out INCREASED ROI AND NEW REDUCED PRICE!! Fully renovated 4-unit property, ready to start generating income right away! This turnkey gem boasts fresh updates throughout, including all new windows, sliding glass doors, and a brand-new roof installed in May (with a transferable warranty). The property also features a freshly paved driveway, giving it excellent curb appeal. Each of the four spacious units is a 2-bedroom, 1-bath layout, all newly renovated and currently occupied. With rents currently below market value, there's huge potential for growth. Here's the breakdown: Unit 1: $970/month Unit 2: $1,100/month Unit 3: $1,000/month Unit 4: $1,150/month That's $4,220 a month in rental income—plus, tenants pay all utilities except for the hallway electric bill! No HOA fees to worry about, either. Rents to increase to a total of $4,300 this Spring! Located in an excellent area, close to a brand-new hospital and easy access to the new circle, this property is perfect for investors looking for a steady stream of income and long-term growth. Act fast—this opportunity won't last long! Previous pending sale failed due to buyers financial inabilities.

    Zillow last checked:

    Listing updated:

    Listed by:

    Victoria Movchan 859-333-7476,

    EXP Realty, LLC

    Bought with:

    Kate Turner, 267095

    Keller Williams Commonwealth

    Source: Imagine MLS,MLS#: 25000601MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Electric, Forced Air
    Cooling
    • Electric, Heat Pump
    Interior area
    • Total structure area: 3,456
    • Total interior livable area: 3,456 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: On Site, Paved, Open
    • Has uncovered spaces: Yes
    Lot
    • Size: 0.34 Acres
    Details
    • Parcel number: 12459551
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Utilities for property: Electricity Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Location
    • Region: Lexington
    • Subdivision: Woodspoint

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/2/2025Sold$550,000-4.3%$159/sqft
    Source: Imagine MLS #25000601 Report a problem
    5/5/2025Contingent$575,000$166/sqft
    Source: Imagine MLS #25000601 Report a problem
    4/28/2025Price change$575,000-3.4%$166/sqft
    Source: Imagine MLS #25000601 Report a problem
    4/2/2025Price change$595,000-2.5%$172/sqft
    Source: Imagine MLS #25000601 Report a problem
    3/10/2025Price change$610,000-3.9%$177/sqft
    Source: Imagine MLS #25000601 Report a problem
    1/13/2025Listed for sale$635,000-2.3%$184/sqft
    Source: Imagine MLS #25000601 Report a problem
    11/27/2024Listing removed$650,000$188/sqft
    Source: Imagine MLS #24016845 Report a problem
    10/18/2024Listed for sale$650,000$188/sqft
    Source: Imagine MLS #24016845 Report a problem
    10/6/2024Pending sale$650,000$188/sqft
    Source: Imagine MLS #24016845 Report a problem
    9/10/2024Price change$650,000-7.1%$188/sqft
    Source: Imagine MLS #24016845 Report a problem
    8/12/2024Listed for sale$699,995+125.8%$203/sqft
    Source: Imagine MLS #24016845 Report a problem
    11/21/2023Sold$310,000-5.9%$90/sqft
    Source: Public Record Report a problem
    12/11/2013Sold$329,600$95/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,833 +65.6%$310,000 +65.6%
    2023$2,315 -3.2%$187,200
    2022$2,391 $187,200
    2021$2,391 $187,200
    2020$2,391 $187,200
    2019$2,391 $187,200
    2018$2,391 +4.9%$187,200
    2017$2,279 +35.8%$187,200 +34.5%
    2015$1,679 $139,200
    2014$1,679 $139,200 -7.2%
    2012$1,679 $150,000
    2011-- --
    2010-- --
    2009-- --
    2008-- $150,000
    2006-- --
    2005-- --
    2004-- --

    Find assessor info on the county website

    Neighborhood: 40509

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Breckinridge
    • Middle: Crawford
    • 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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    $565,900
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    +$11,318
    With Zillow Showcase(estimated)
    $577,218