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 is in need of 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.
Sold for $75,000
$75,000
551 W 5th St, Lexington, KY 40508
1beds
0baths
--sqft
Single Family Residence
Built in 1900
1,986.34 Square Feet Lot
$112,600 Zestimate®
$--/sqft
$1,093 Estimated rent
Home value
$112,600
$86,000 - $143,000
$1,093/mo
Zestimate® history
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$370/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Andrew Klein 859-621-7683,
Bluegrass Sotheby's International Realty
Bought with:
Kitty G Lane, 181314
Bluegrass Sotheby's International Realty
Source: Imagine MLS,MLS#: 25503783
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 0
Primary bedroom
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Other
Cooling
- Other
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: 1,986 sqft
Details
- Parcel number: 11910100
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Other
- Foundation: Other
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Lexington
- Subdivision: Warfield Bell
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Sold | $75,000-11.7% |
Source:  Imagine MLS #25503783 Report a problem | ||
| 11/18/2025 | Pending sale | $84,900 |
Source: Imagine MLS #25503783 Report a problem | ||
| 10/15/2025 | Price change | $84,900-10.5% |
Source: Imagine MLS #25503783 Report a problem | ||
| 8/11/2025 | Listed for sale | $94,900-11.2% |
Source: Imagine MLS #25017650 Report a problem | ||
| 4/3/2025 | Listing removed | $106,900 |
Source: Imagine MLS #25000361 Report a problem | ||
| 1/7/2025 | Listed for sale | $106,900 |
Source: Imagine MLS #25000361 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $803 +154.5% | $64,900 +154.5% |
| 2023 | $315 -3.2% | $25,500 |
| 2022 | $326 | $25,500 |
| 2021 | $326 -13% | $25,500 -13% |
| 2020 | $374 | $29,300 |
| 2019 | $374 | $29,300 |
| 2018 | $374 +4.9% | $29,300 |
| 2017 | $357 +131% | $29,300 +112.3% |
| 2015 | $154 | $13,800 |
| 2014 | $154 | $13,800 |
| 2012 | $154 | $13,800 |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | $13,800 |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
Find assessor info on the county website
Neighborhood: Duncan Park
Nearby schools
GreatSchools rating
- 5/10Harrison Elementary SchoolGrades: K-5Distance: 0.5 mi
- 5/10Lexington Middle SchoolGrades: 6-8Distance: 0.6 mi
- 10/10Lafayette High SchoolGrades: 9-12Distance: 2.8 mi
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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$112,600
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With Zillow Showcase(estimated)
$114,852
- Kentucky
- Fayette County
- Lexington
- 40508
- Duncan Park
- 551 W 5th St
Nearby cities
Nearby neighborhoods
- Blueberry Hill-Brigadoon-Stoneybrook-Baralto Real estate
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