Here it is investors! Get your 1031 exchange money ready! This is an updated 12 unit building inside New Circle in the coveted 40502 area code, which includes 10 2/1 and 2 1/1 units. 7 of 12 units were recently renovated and include new flooring and paint, new roof and 2 HVAC units were replaced. Additionally, a new submeter water system and hot water heater was installed to bill back utilities to tenants. Landlord only pays for trash and small amount for gas. Come check it out today!
Multi-familyProperty Type
1967Year Built
0.4 acresLot Size
$91Price/Sq.Ft.
20 spacesParking
Listed by M Scott Peace• United Real Estate Bluegrass
Bought with Kymberly Clem• eXp Realty, LLC
Source:ImagineMLS #22009987
Redfin Estimate
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Here it is investors! Get your 1031 exchange money ready! This is an updated 12 unit building inside New Circle in the coveted 40502 area code, which includes 10 2/1 and 2 1/1 units. 7 of 12 units were recently renovated and include new flooring and paint, new roof and 2 HVAC units were replaced. Additionally, a new submeter water system and hot water heater was installed to bill back utilities to tenants. Landlord only pays for trash and small amount for gas. Come check it out today!
Public Records
Aug 10, 2021
Sold
$760,000
$72/sq ft
Public Records
Aug 2, 2018
Sold
$668,000
$63/sq ft
ImagineMLS #1421150
Mar 31, 2015
Sold
$505,000
$48/sq ft
Mar 7, 2015
Listing Removed
—
Oct 30, 2014
Listed
$550,000
$52/sq ft
+10
Cash flow with this 12 unit, renovated apartment complex! There's ten 2-bedroom units and two 1-bedroom units that has undergone quite a transformation the last few years. The windows have all been updated and wrapped. Most of the units have updated paint, flooring, light fixtures, etc. The flooring in some of the hallways have been replaced, etc. The two bedroom units are pretty spacious and has a family room with a dining area that goes into a kitchen. The one bedroom units are located in the basement. There's also a storage area in the basement, along with an income producing laundry facility. 2 bedroom units rent from $525 to $600. 1 bedroom units rent from $475-$495. The property is conveniently located close to downtown and UK. Owner pays gas and water. Tenants pay electricity.
Public Records
Mar 29, 2011
Sold
$420,000
$40/sq ft
ImagineMLS #1014830
Jan 18, 2011
Sold
$415,000
$39/sq ft
Jul 28, 2010
Listing Removed
—
Jul 2, 2010
Listed
$435,000
$41/sq ft
ImagineMLS #515695
Apr 21, 2006
Sold
$619,000
$59/sq ft
Feb 3, 2006
Listing Removed
—
Aug 15, 2005
Listed
$629,800
$60/sq ft
ImagineMLS #314418
Oct 7, 2004
Listing Removed
—
Oct 7, 2003
Listed
$659,900
$62/sq ft
ImagineMLS #112184
Aug 21, 2001
Sold
$560,000
$53/sq ft
Aug 21, 2001
Listed
$560,000
$53/sq ft
ImagineMLS #2000988
Dec 31, 2000
Listing Removed
—
Feb 8, 2000
Listed
$599,000
$57/sq ft
ImagineMLS #9811234
Dec 4, 1998
Sold
$405,000
$38/sq ft
Nov 6, 1998
Listed
$405,000
$38/sq ft
Nov 6, 1998
Listing Removed
—
Year
Property tax
Land + Additions
Assessment*
2026
$12,063 (+131.2%)
2015
$5,216 (+1.8%)
2014
$5,126
Tax history for 2101 Fontaine Rd
Year
Property tax
Land + Additions
Assessment*
2026
$12,063 (+131.2%)
2015
$5,216 (+1.8%)
2014
$5,126
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
R-4
Medium Density Residential Zone
The intent of this zone is to provide for medium to medium-high density multi-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. The medium to medium-high density residential uses should be located along collector and arterial streets. Where lower density development occurs in this zone, it should be located along local streets. Adequate multi-modal connections should be available to all residents. Development should be in areas of the community where necessary services and facilities will be adequate to serve the anticipated population. Medium to medium-high density multi-family dwellings 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
Property details
Interior
Basement Information
Basement Sq. Ft: 3,526
Basement Finish: Finished
Basement Type: Finished
Exterior
Exterior Information
Building Type: Apartment
Property Information
Subdivision Name: LAKEVIEW ESTATES
Building Sq. Ft: 10,578
Legal Description: LOT 3 BLK B UNIT 1D LAKEVIEW EST
Lot Information
# of Buildings: 1
Land Sq. Ft: 17,433
Legal Lot Number: 3
Legal Block Number: B
Acres: 0.4002
Zoning Code: R-4
County Use Description: M - APARTMENTS 3-19 RENTAL UNI
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: —
Baths: —
Sq. Ft.: 10,578
Stories: —
Lot Size: 0.4 acres
Style: Multi-Family (5+ Unit)
Year Built: 1967
Year Renovated: —
County: Fayette County
APN: 15020000
Home facts updated by county records on Sep 21, 2026
Around this home
Schools
Cassidy Elementary School
Public K-5 • Assigned • 1.3mi
9/10
Morton Middle School
Public 6-8 • Assigned • 1.3mi
7/10
Henry Clay High School
Public 9-12 • Assigned • 0.1mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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 • 40502
Average low and high temperatures (°F)
37
20
48
28
65
40
73
49
74
55
85
65
89
70
86
64
82
60
70
47
57
40
46
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.2 hours in
June and 3.2 hours in December, placing it below the
U.S. average for solar exposure.