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Off market
  • $592,000

    509 W 3rd St, Lexington, KY 40508

    5beds
    3,585sqft
    MultiFamily
    Built in 1920
    -- sqft lot
    $592,000 Zestimate®
    $165/sqft
    $2,066 Estimated rent

    Home value

    $592,000

    $562,000 - $622,000

    $2,066/mo

    Zestimate® history
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    $3,879/mo

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    $3,879/mo

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    What's special

    Turn-key restored and renovated income property in the hottest location in downtown Lexington (Jefferson Corridor with recent high-end developments Jefferson Townhome Development & The Flats at 345). Currently fully rented with $42,600 in annual rent, little to no vacancy and low maintenance. Updated high-efficiency heating and cooling. Upgraded electric, separately metered for potential individual sale. Completely remodeled, vaulted ceilings with beautiful original hardwood floors and window molding. On site garage parking, extra parking available. In-unit washer & dryer. Secure entry and private fenced backyard, with community garden. Walking distance to downtown UK, Rupp, Transylvania, new BCTC campus restaurants (Grey Goose, Nick Ryans) and breweries (West 6th, Blue Stallion).

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Other
    Cooling
    • Central
    Features
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,585 sqft

    Property

    Features
    • Exterior features: Other
    Lot
    • Size: 8,102 Square Feet
    Details
    • Parcel number: 14751975

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Metal
    • Roof: Composition
    Condition
    • Year built: 1920

    Community & HOA

    Location
    • Region: Lexington

    Financial & listing details

    • Price per square foot: $165/sqft
    • Tax assessed value: $530,000
    • Annual tax amount: $6,554

    Price history

    DateEventPrice
    9/3/2026Listing removed$625,000$174/sqft
    Source: Imagine MLS #26007853 Report a problem
    7/20/2026Price change$625,000-3.8%$174/sqft
    Source: Imagine MLS #26007853 Report a problem
    6/1/2026Price change$650,000-3.7%$181/sqft
    Source: Imagine MLS #26007853 Report a problem
    4/14/2026Listed for sale$675,000+27.4%$188/sqft
    Source: Imagine MLS #26007853 Report a problem
    7/29/2025Listing removed$950
    Source: Imagine MLS #25001098 Report a problem
    7/24/2025Listed for rent$950-4.5%
    Source: Imagine MLS #25001098 Report a problem
    7/1/2025Listing removed$995
    Source: Imagine MLS #25001098 Report a problem
    6/10/2025Price change$995-9.5%
    Source: Imagine MLS #25001098 Report a problem
    5/7/2025Listed for rent$1,100
    Source: Imagine MLS #25001098 Report a problem
    4/21/2025Listing removed$1,100
    Source: Imagine MLS #25001098 Report a problem
    1/30/2025Price change$1,100-8.3%
    Source: Imagine MLS #25001098 Report a problem
    1/23/2025Listed for rent$1,200
    Source: Imagine MLS #25001098 Report a problem
    2/21/2022Sold$530,000-1.9%$148/sqft
    Source: Imagine MLS #22000838 Report a problem
    1/29/2022Pending sale$540,000$151/sqft
    Source: Imagine MLS #22000838 Report a problem
    1/17/2022Listed for sale$540,000+10.8%$151/sqft
    Source: Imagine MLS #22000836 Report a problem
    5/6/2021Sold$487,500-2.9%$136/sqft
    Source: Public Record Report a problem
    3/29/2021Pending sale$502,000$140/sqft
    Source: Imagine MLS #20020929 Report a problem
    2/2/2021Price change$502,000-1.2%$140/sqft
    Source: Imagine MLS #20020929 Report a problem
    11/10/2020Price change$507,900-2.3%$142/sqft
    Source: Imagine MLS #20020929 Report a problem
    10/8/2020Listed for sale$519,900-1.7%$145/sqft
    Source: Bluegrass Sotheby's Int Realty #20020929 Report a problem
    3/2/2020Listing removed$529,000$148/sqft
    Source: Bluegrass Sotheby's International Realty #1924266 Report a problem
    9/25/2019Listed for sale$529,000$148/sqft
    Source: Bluegrass Sotheby's International Realty #1924266 Report a problem
    9/17/2019Pending sale$529,000$148/sqft
    Source: Bluegrass Sotheby's International Realty #1924266 Report a problem
    8/15/2019Price change$529,000-3.8%$148/sqft
    Source: Bluegrass Sotheby's International Realty #1924266 Report a problem
    4/16/2019Listed for sale$549,900+44.7%$153/sqft
    Source: Bluegrass Sotheby's Int Realty #1907877 Report a problem
    12/9/2015Sold$380,000+105.4%$106/sqft
    Source: Public Record Report a problem
    7/16/2013Sold$185,000$52/sqft
    Source: Public Record Report a problem
    4/19/2012Sold$185,000-7.5%$52/sqft
    Source: Public Record Report a problem
    7/29/2011Listed for sale$199,900$56/sqft
    Source: RE/MAX Elite Lexington #1113657 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,554 $530,000
    2024$6,554 $530,000
    2023$6,554 -3.2%$530,000
    2022$6,770 +39.5%$530,000 +39.5%
    2021$4,854 $380,000
    2020$4,854 $380,000
    2019$4,854 $380,000
    2018$4,854 +4.9%$380,000
    2017$4,626 +175.6%$380,000 +105.4%
    2015$1,679 $185,000
    2014$1,679 $185,000 +23.3%
    2012$1,679 $150,000
    2011-- --
    2010-- --
    2009-- --
    2008-- $150,000
    2006-- --
    2005-- --
    2004-- --
    Find assessor info on the county website

    Neighborhood: Northside

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Fayette County

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $592,000
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    +$11,840
    With Zillow Showcase(estimated)
    $603,840
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $592,000
    2% more
    +$11,840
    With Zillow Showcase(estimated)
    $603,840