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502-839-7409
Lois Ann Disponett Real Estate
405 & 407 W Third St, Lexington, KY 40508
- $590,000
- 8
- BD
- 4
- BA
- 3,922
- SqFt
- Sold Price
- $590,000
- List Price
- $580,000
- Closing Date
- Dec 23, 2025
- MLS#
- 25506041
- Status
- CLOSED
- Type
- Multifamily
- City
- Lexington
- Area
- 001 - Fayette County NW
- County
- Fayette
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,922
- Lot Size
- 6,094
- Year Built
- 1950
Property Description
An excellent investment opportunity in a fantastic downtown location! Situated right next to Transylvania University, and minutes from the new Gatton Park, Rupp Arena, popular breweries, and more, this fully rented 4-plex offers solid income and strong long-term potential. The property is being sold with the adjacent lot at 407 W Third St. The lot is zoned R-4 which is ideal for future development or expansion in a Designated Opportunity Zone. Don't miss this rare chance to own income-producing property with value-add possibilities in an unbeatable location.
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Additional Information
- Acres
- 0.14
- Living Area
- 3,922
- Region
- 001 - Fayette County NW
- Subdivision
- Downtown
- Zoning
- Other
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Listing courtesy of United Real Estate Bluegrass. Selling Office: .