400-402 N Limestone, Lexington, KY 40508

$945,000
6
BD
5
BA
4,735
SqFt

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Sold Price
$945,000
List Price
$1,000,000
Closing Date
Jun 09, 2026
MLS#
26007015
Status
CLOSED
Type
Multifamily
City
Lexington
Area
003 - Fayette County SE
County
Fayette
Bedrooms
6
Bathrooms
5
Living Area
4,735
Lot Size
5,227
Year Built
1890

Property Description

Great Investment Opportunity in the Heart of Downtown- positioned in a prime downtown location, this versatile property offers incredible potential for investors. Currently configured with four residential units zoned R-4, one commercial space zoned B-1, and 6 off street parking spots and 2 car garage, this asset provides immediate income with strong upside for future development. Situated within walking distance to the courthouse, Transylvania University, Sayre School, lots of restaurants, and the vibrant downtown scene, the location is ideal for both residential and commercial tenants seeking convenience and accessibility. The property also features valuable off street parking, a rare and highly desirable amenity in a downtown setting. A great strategic long term hold in a high demand area, this is a unique opportunity worth exploring. Salon: $1290 per month leased until 2027 2 bedroom up $1600 per month (until June 2026) 1 bedroom up $1600 per month (month to month) 1 bedroom down $1600 per month (month to month) efficiency $1100 per month

Additional Information

Acres
0.12
Living Area
4,735
Parking Spaces
8
Region
003 - Fayette County SE
Subdivision
Downtown
Utilities
Electricity Available, Sewer Connected
Zoning
Other

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Calculator source: Real Geeks

Listing courtesy of Turf Town Properties. Selling Office: .