Lexington Homes under $150,000

Lexington Homes under $150,000

Welcome to Lexington, Kentucky—where Southern charm meets vibrant city life! Known as the Horse Capital of the World, Lexington boasts a rich history, stunning landscapes, and a thriving arts scene. Nestled in the heart of the Bluegrass region, this picturesque city is surrounded by rolling hills and lush pastures, making it a haven for equestrian enthusiasts and nature lovers alike.

Lexington is not only famous for its horse farms and Bluegrass music but also for its diverse neighborhoods and strong sense of community. Whether you’re strolling through the historic downtown area, enjoying a day at the Kentucky Horse Park, or savoring a meal at one of the many local restaurants, there’s always something to see and do in this dynamic city.

For homebuyers seeking affordability without sacrificing quality of life, Lexington offers a fantastic selection of homes under $150,000. From charming bungalows to cozy townhouses, there’s a property to suit every taste and budget. These affordable homes provide an excellent opportunity for first-time buyers, families, or investors looking to tap into the growing real estate market.

Imagine settling into a welcoming community where neighbors become friends, and you can enjoy the beauty of the Bluegrass right from your doorstep. With a strong economy, top-notch schools, and a plethora of recreational activities, Lexington is not just a place to live—it's a place to thrive. Explore the possibilities today and discover why so many are proud to call Lexington home!

Newest Lexington Homes under $150,000

608 Elm Tree Ln, Lexington
$140,000
2 Beds ⋅ 1 Baths ⋅ 26028050 MLS
Welcome to downtown Lexington living! This charming, single-story ranch offers 2 bedrooms, 1 full bathroom, and approximately 986 square feet of living space. Originally built in 1900 and situated on a crawl space, this home combines historic character with numerous recent updates and improvements. The current owner has invested in several upgrades, including a new roof installed in May 2026 featuring 30-year dimensional shingles, new drip edge, and ridge protection. Additional exterior improvements completed in 2026 include new gutters, downspouts, and gutter guards, a new backyard privacy fence with gate, replacement deck boards, and a new exterior water spigot. Inside, recent improvements include new bedroom carpeting, updated bathroom and kitchen tile, a new bathroom vanity and toilet, and a newer hot water heater installed in 2024. The gas heating system also received a new thermostat and heat sensor in December 2025. Location is another standout feature! Enjoy being within walking distance of Duncan Park and just minutes from the restaurants, shopping, entertainment, and conveniences that downtown Lexington has to offer. Whether you're searching for a primary residence, looking to downsize, or exploring an investment opportunity, this property offers an excellent combination of manageable square footage, recent improvements, and convenient access to the heart of Lexington. Don't miss your opportunity to own a piece of downtown Lexington! Schedule your private showing today!

608 Elm Tree Ln, Lexington
388 Roosevelt Blvd, Lexington
$130,000
2 Beds ⋅ 1 Baths ⋅ 26028045 MLS
Beautiful brick house located at 388 Roosevelt Boulevard, offering plenty of potential for homeowners and investors alike. This property presents a great opportunity to add your personal touch, customize the space, and bring your vision to life. With its classic brick exterior and possibilities for improvement, this home is full of potential. Don't miss the opportunity to make this property your next home or investment! Property sold as-is. Inspections are welcomed.

388 Roosevelt Blvd, Lexington
500 Robertson St, Lexington
$129,000
2 Beds ⋅ 1 Baths ⋅ 26028013 MLS

500 Robertson St, Lexington
436 Lindberg Dr, Lexington
$145,999
3 Beds ⋅ 1 Baths ⋅ 26027530 MLS
INVESTMENT OPPORTUNITY or affordable housing option in Lexington! This property offers the opportunity to build equity with several recent improvements already completed. Updates include replaced stairs, reinforced flooring in the front room, new LVP flooring in select areas, a new stove in 2026, and a new water heater in 2026. With additional updates and some vision, this property could make a great investment, rental, or affordable primary residence. Conveniently located near downtown Lexington, shopping, dining, parks, and major roadways. A great opportunity for an investor or buyer looking for an affordable home with improvements already underway!

436 Lindberg Dr, Lexington
452 Lindberg Dr, Lexington
$89,900
2 Beds ⋅ 1 Baths ⋅ 26027503 MLS
Opportunity awaits at 452 Lindberg Drive! This 2 bedroom, 1 bath single family home is ready for its next chapter and offers plenty of potential for an investor, rental property owner, or handy buyer looking to make a home their own. All new windows except for the two on the back addition. The property is in need of some TLC, but provides a great opportunity to renovate and add value. Conveniently located inside New Circle Road on Lexington's west side, you'll enjoy easy access to downtown, Georgetown Road, shopping, dining, and the growing Citation area, including Publix. With a park located just across the street, this property combines location, affordability, and potential. Whether you're looking for your next investment, rental property, or a home you can put your own touches on, 452 Lindberg Drive is worth a look. Schedule your showing today!

452 Lindberg Dr, Lexington
372 Roosevelt Blvd, Lexington
$99,900
2 Beds ⋅ 1 Baths ⋅ 26025850 MLS
Great price for Investment Opportunity to with immediate cash flow. Home has newer Furnace and Water Heater. Nice sized fenced yard and off street parking. Home needs a little TLC for rental or do remodel and get instant return.

372 Roosevelt Blvd, Lexington
186 Eddie St, Lexington
$125,000
3 Beds ⋅ 1 Baths ⋅ 26025797 MLS
Welcome to this charming 3 bed, 1 bath home at 186 Eddie Street featuring new flooring, new lighting, new kitchen appliances, and refreshed bathroom fixtures. Move-in ready with modern style and ideal as a starter home or investment rental property. Enjoy a fully fenced yard with a charming front porch for relaxation. Located just minutes from downtown Lexington that is rich with fine restaurants, entertainment, parks, and shopping. Don't miss this opportunity to own an affordable downtown property!

186 Eddie St, Lexington
2121 Nicholasville Rd Unit 503, Lexington
$139,900
1 Beds ⋅ 1 Baths ⋅ 26024928 MLS
Welcome to effortless Lexington living. This bright and efficiently designed condo offers 1 bed,1 bath and 696 square feet. A fresh coat of paint and newer LVP flooring make this condo completely move-in ready. Situated just off Nicholasville Road, you're steps away from Lexington's best dining, shopping, and everyday conveniences. Everything you need is practically at your doorstep! Unwind in the community pool-your own backyard oasis without any of the upkeep. And, your HOA has you covered in a big way: heating, cooling, water, sewer, trash removal and snow removal are all included. Your utility stress is handled. Whether you are a University of Kentucky student or faculty, a down-sizer or a savvy investor, this condo checks every box: unbeatable location, low-maintenance lifestyle, and community amenities that make everyday feel a little more carefree. Don't miss this one!

2121 Nicholasville Rd Unit 503, Lexington
478 Willy St, Lexington
$144,900
2 Beds ⋅ 1 Baths ⋅ 26024226 MLS
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.

478 Willy St, Lexington
353 Ohio St, Lexington
$124,900
3 Beds ⋅ 1 Baths ⋅ 26023927 MLS
INVESTOR OPPORTUNITY in Downtown Lexington! Potential for a package sale of 3 properties (436 Ohio Street and 347 Ohio Street) for $350,000, offering excellent potential for renovation, rental income, resale, or long-term investment. Properties are being sold AS-IS and offer an opportunity for investors, renovators, or buyers looking to add value.

353 Ohio St, Lexington
347 Ohio St, Lexington
$124,900
2 Beds ⋅ 1 Baths ⋅ 26023921 MLS
INVESTOR OPPORTUNITY in Downtown Lexington! Potential for a package sale of 3 properties (436 Ohio Street and 353 Ohio Street) for $350,000, offering excellent potential for renovation, rental income, resale, or long-term investment. Properties are being sold AS-IS and offer an opportunity for investors, renovators, or buyers looking to add value.

347 Ohio St, Lexington
436 Ohio St, Lexington
$100,000
2 Beds ⋅ 1 Baths ⋅ 26023917 MLS
INVESTOR OPPORTUNITY in Downtown Lexington! Potential for a package sale of 3 properties (353 Ohio Street and 347 Ohio Street) for $350,000, offering excellent potential for renovation, rental income, resale, or long-term investment. Properties are being sold AS-IS and offer an opportunity for investors, renovators, or buyers looking to add value.

436 Ohio St, Lexington
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