Rare opportunity to acquire two fully renovated four-plexes at 1041 & 1043 Cross Keys Road - sold together only, will not be divided. Eight units total, all currently occupied by long-term tenants with an exceptional payment history. Properties feature hardwood floors throughout, updated kitchens, central HVAC, garage parking with washer/dryer hookups in every unit, and marble window sills. Seller has maintained both buildings meticulously since a complete renovation in 2015, including full electrical rewire, new plumbing fixtures, all new appliances, and central air added to all units. Rents are currently below market, offering immediate upside for a new owner. In close proximity to James Lane Allen Elementary, Wolf Run Park, Kroger, and Gardenside Shopping Center. Do not disturb tenants. All inquiries to listing agent. Each apartment is 882 SQ FT, each building is 3528 SQ FT, total for both buildings is 7056 SQ FT.
Multi-familyProperty Type
1963Year Built
0.59 acresLot Size
$56Price/Sq.Ft.
Listed by Marcus Hammond• Bluegrass Sotheby's International Realty
Bought with The Prather Team - Michael Prather• Keller Williams Bluegrass Realty
This eight bedroom fourplex has four garages, hardwood floors and a great location. Going to need some work but will be well worth the effort.This is a Fannie Mae Homepath Property for the first twenty days of the listing only offers from owner occupants and public entities will be considered
ImagineMLS #416140
Sep 22, 2005
Sold
$195,000
$28/sq ft
Sep 1, 2005
Listing Removed
—
Oct 29, 2004
Listed
$200,000
$28/sq ft
Owner is Realtor. 1041 Cross Keys (identical to 1043) also available at $200,000. Eight units with $46,500 gross rent for $400,000 total. Inspections welcome. Sold as is.
Year
Property tax
Land + Additions
Assessment*
2015
$2,102 (+1.8%)
2014
$2,066
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
77 ft.
Lot depth
—
Lot size
0.28 Acres
Year renovated
—
Sq. Ft.
3,528
Year built
1963
Style
Multi-Family (5+ Unit)
County
Fayette County
APN
16102400
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 7, 2026.
R-3
Planned Neighborhood Residential Zone
The intent of this zone is to provide for medium density mixed residential development, including multi-family dwellings, group residential housing, compact housing types, attached and detached single family dwellings, and supporting uses. This zone should be located in areas of the community where services and facilities are/will be adequate to serve the anticipated population. This zone should provide a variety of housing options rather than a single type. The medium density residential uses should be located along local and collector streets, with lower density residential uses located along local streets. Adequate multi-modal connections should be available to all residents, so to allow for long term viability and incremental growth. Low and Medium density residential land uses should be established in accordance with the Goals, Objectives, Policies, and Development Criteria of the Comprehensive Plan.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Other
Apr 24, 2015 • Active
New residential hvac
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: On Site, Covered
Interior
Bathroom Information
Bathrooms (Full): 8
Heating & Cooling
Has Heating
Heating: Electric
Cooling: Electric
Interior Features
Laundry Features: Electric Dryer Hookup, Washer Hookup
Multi-Unit Information
# of Units Total: 8
Exterior
Lot Information
Lot Size Square Feet: 25,787.52
Lot Size Acres: 0.592
Zoning Description: R-3
Property Information
Structure Type: Quadruplex
Building Information
Building Area Total: 7,056
Financial
Tax Information
Parcel Number: 16102500
Utilities
Utility Information
Utilities: Electricity Connected, Sewer Connected, Water Connected
Location
School Information
Elementary School: Lane Allen
Middle Or Junior School: Beaumont
High School: Lafayette
High School District: Fayette County - 1
Location Information
County Or Parish: Fayette
Directions: Parkers Mill, Right on Cross Keys, Quadplex on the left.
Subdivision Name: Gardenside
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,528
Stories: —
Lot Size: 0.28 acres
Style: Multi-Family (5+ Unit)
Year Built: 1963
Year Renovated: —
County: Fayette County
APN: 16102400
Home facts updated by county records on Aug 7, 2026
Other
Listing Information
Contingency: Contingent
Around this home
Schools
James Lane Allen Elementary School
Public PreK-5 • Assigned • 0.2mi
4/10
Beaumont Middle School
Public 6-8 • Assigned • 0.9mi
8/10
Lafayette High School
Public 9-12 • Assigned • 1.6mi
10/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 101° expected this year, 19 days in 30 years
2/10 Wind Factor
2% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Lexington, KY • 40504
Average low and high temperatures (°F)
37
21
48
29
64
42
72
51
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90
71
86
66
82
61
70
49
58
41
47
32
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Feb
Mar
Apr
May
Jun
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Aug
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Sun exposure
86/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.