All brick 4-plex on one of Lexington's most beautiful streets. This property is fully rented and stays that way. An investor's dream property. Four 2 bedroom 1 bath units with laundry/storage in the basement and 4 car detachd carport. Property being sol as-is inspections welcome.
Multi-familyProperty Type
1925Year Built
8,000 sq ftLot Size
$62Price/Sq.Ft.
5 spacesParking
Listed by Sara Morken• LRC Lexington's Real Estate Co
Bought with Sara Morken• LRC Lexington's Real Estate Co
Source:ImagineMLS #1203269
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All brick 4-plex on one of Lexington's most beautiful streets. This property is fully rented and stays that way. An investor's dream property. Four 2 bedroom 1 bath units with laundry/storage in the basement and 4 car detachd carport. Property being sol as-is inspections welcome.
ImagineMLS #1112975
Nov 2, 2011
Listing Removed
—
Jul 2, 2011
Listed
$380,000
$81/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$5,896 (+68.4%)
2015
$3,502 (+1.8%)
2014
$3,441
Tax history for 223 Catalpa Rd
Year
Property tax
Land + Additions
Assessment*
2026
$5,896 (+68.4%)
2015
$3,502 (+1.8%)
2014
$3,441
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
R-2
Mixed Low Density Residential Zone
The intent of this zone is to provide for a mix of low density residential development 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 be established in accordance with the Goals, Objectives, Policies, and Development Criteria of the Comprehensive Plan. This zone may be used for zero-lot-line houses, patio houses, and other compact housing types.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Other
Office
Park & open space
Jul 11, 2013 • Final
Commercial remodel
Remodel
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
Exterior
Exterior Information
Building Type: Apartment
Property Information
Subdivision Name: ASHLAND PARK 3
Building Sq. Ft: 4,674
Lot Information
# of Buildings: 1
Land Sq. Ft: 8,000
Legal Lot Number: 57
Legal Block Number: P
Acres: 0.1837
Zoning Code: R-2
County Use Description: M - APARTMENTS 3-19 RENTAL UNI
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: —
Baths: —
Sq. Ft.: 4,674
Stories: —
Lot Size: 8,000 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1925
Year Renovated: —
County: Fayette County
APN: 17224854
Home facts updated by county records on Sep 21, 2026
Around this home
Schools
Cassidy Elementary School
Public K-5 • Assigned • 0.4mi
9/10
Morton Middle School
Public 6-8 • Assigned • 0.4mi
7/10
Henry Clay High School
Public 9-12 • Assigned • 1.1mi
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, 18 days in 30 years
2/10 Wind Factor
3% 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
83
58
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.