Prime location just off Richmond Road inside New Circle Road. Low maintenance all brick exterior, plenty of parking, and numerous updates. Ten one bedroom apartments currently fully leased at $375.00 monthly. Tenants pay all utilities. Gross scheduled income is currently $45,000.00 annually. Market data supports potential for increasing the gross scheduled income. Exterior trim painting and front/rear continuous guttering updated in August 2014. Convenient to downtown, UK, Richmond Road dining/shopping, and easy access to New Circle Road.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
115 ft.
Lot depth
—
Lot size
0.38 Acres
Year renovated
—
Sq. Ft.
7,400
Year built
1968
Style
Multi-Family (5+ Unit)
County
Fayette County
APN
16307701
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 2026.
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
Parking
Parking Information
Parking Features: On Site, Paved
Interior
Bathroom Information
Bathrooms (Full): 10
Heating & Cooling
Has Heating
Heating: Electric, Natural Gas
Cooling: Electric
Multi-Unit Information
# of Units Total: 10
Exterior
Exterior Features
Roof: Shingle
Lot Information
Lot Size Square Feet: 16,552.82
Lot Size Acres: 0.38
Zoning Description: R-4
Property Information
Structure Type: Multi Family
Building Information
Building Area Total: 7,400
Financial
Tax Information
Parcel Number: 16307701
Utilities
Utility Information
Utilities: Electricity Connected, Natural Gas Connected
Expenses
Trash Expense: 900.0
Location
School Information
High School District: Fayette County - 1
Location Information
County Or Parish: Fayette
Directions: Richmond Road west onto Fontaine Road, property on right.
Subdivision Name: Lakeview
Public facts
Beds: —
Baths: —
Sq. Ft.: 7,400
Stories: —
Lot Size: 0.38 acres
Style: Multi-Family (5+ Unit)
Year Built: 1968
Year Renovated: —
County: Fayette County
APN: 16307701
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.