This property is a diamond in the rough, prime location in the heart of downtown, this property offers immense potential for the savvy investor or developer. The building needs a complete overhaul, but with the right vision, it could be transformed into a beautiful downtown Lexington home. Located in a high-demand area, surrounded by ongoing developments, restaurants, and businesses, this property is poised to benefit from future growth. PROPERTY WILL NOT MEET CONVENTIONAL, FHA, OR VA FINANCING REQUIREMENTS. Purchaser to verify sq footage. Inspections are welcome but NO repairs will be made. The water and electric are not on. Seller makes no warranties or representations regarding the condition or functionality of the property, its systems, appliances, or any items remaining in the home. Property is being sold As-Is. Please allow the Seller a minimum of 24 hours to review and respond to an offer.
For sale
$144,900
478 Willy St, Lexington, KY 40508
2beds
--sqft
Single Family Residence
Built in 1910
2,570 Square Feet Lot
$114,900 Zestimate®
$--/sqft
$-- HOA
What's special
- 11 days
- 400
- 22
Zillow last checked:
Listing updated:
Listed by:
Andrew Klein 859-621-7683,
Bluegrass Sotheby's International Realty
Source: Imagine MLS,MLS#: 26024226
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
Kitchen
- Level: First
Appliances
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Other
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 0
- Finished area above ground: 0
- Finished area below ground: 0
Property
Features
- Levels: One
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 2,570 Square Feet
Details
- Parcel number: 15516200
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Shotgun
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Downtown
HOA
- Has HOA: No
Location
- Region: Lexington
Financial & listing details
- Tax assessed value: $80,400
- Annual tax amount: $994
- Date on market: 9/3/2026
Estimated market value
$114,900
$87,000 - $148,000
$1,084/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Listed for sale | $144,900+326.2% |
Source:  Imagine MLS #26024226 Report a problem | ||
| 12/11/2006 | Sold | $34,000 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $994 | $80,400 |
| 2024 | $994 +101% | $80,400 +101% |
| 2023 | $495 -3.2% | $40,000 |
| 2022 | $511 | $40,000 |
| 2021 | $511 +43.9% | $40,000 +43.9% |
| 2020 | $355 | $27,800 |
| 2019 | $355 | $27,800 |
| 2018 | $355 +4.9% | $27,800 |
| 2017 | $338 +332% | $27,800 +297.1% |
| 2015 | $78 | $7,000 |
| 2014 | $78 | $7,000 |
| 2012 | $78 | $7,000 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $7,000 |
| 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: Duncan Park
Nearby schools
Schools provided by the listing agent
- Elementary: Harrison
- Middle: Lexington Trad
- 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.
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