Investment opportunity in a popular area of Lexington. It is close to Nicholasville Road, Central Baptist Hospital, and UK. Great Cash Flow! Fully leased duplex offering steady rental income in a convenient location. Currently rents for $1,700 on one side with long term lease and $1,800 on the other side that is month to month. Use as a turnkey investment property or live on one side and rent the other. Both are a great way to build wealth. This property has 3 bedrooms and 2 full baths with a total of 2,606 sqft per PVA. From the moment you enter the front door, all rooms feel large and inviting in this property. Each unit is nicely appointed with new kitchen cabinets, granite countertops, stainless steel appliances, LVP flooring, and are freshly painted. The roof and one of the HVAC units are two years old. The other HVAC unit is Trane, which of course, you can't stop a Trane. All this for under $175 per square foot adds up to a solid investment. Listing agent cannot guarantee the accuracy or completeness of any information provided, and the buyers should independently verify all details.48 hours notice required to show the property
Multi-familyProperty Type
1967Year Built
0.28 acresLot Size
Listed by Kate Turner• United Real Estate Bluegrass
Listed by James Cunningham• United Real Estate Bluegrass
Great investment property. All newer appliances, roof, baths, sanded floors (hardwood), formal living room, dining room, family room each side. Pull down storage, separate utility area, newer services both sides (electric). Won't last long!
Year
Property tax
Land + Additions
Assessment*
2015
$1,932 (+1.8%)
2014
$1,898
Tax history for 305-307 Hightower Rd
Year
Property tax
Land + Additions
Assessment*
2015
$1,932 (+1.8%)
2014
$1,898
*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
2
Stories
1
Lot width
71 ft.
Lot depth
—
Lot size
0.28 Acres
Year renovated
—
Sq. Ft.
2,606
Year built
1968
Style
Multi-Family (2-4 Unit)
County
Fayette County
APN
14121850
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 7, 2026.
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
Property details
Parking
Parking Information
Parking Features: On Site
Interior
Bathroom Information
Bathrooms (Full): 4
Heating & Cooling
Has Heating
Heating: Natural Gas
Cooling: Electric
Multi-Unit Information
# of Units Total: 2
Exterior
Exterior Features
Roof: Shingle
Lot Information
Lot Size Square Feet: 12,343
Lot Size Acres: 0.283
Zoning Description: Residential
Property Information
Structure Type: Duplex
Stories (Total): 1
Financial
Tax Information
Parcel Number: 14121850
Utilities
Utility Information
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location
School Information
Elementary School: Lansdowne
Middle Or Junior School: Tates Creek
High School: Tates Creek
High School District: Fayette County - 1
Location Information
County Or Parish: Fayette
Directions: Outbound Nicholasville Road, turn left on E. Reynolds Rd just past New Circle Rd, then left on Lansdowne Dr, right on Redding Rd, and left on Hightower.
Subdivision Name: Downing Place
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 2,606
Stories: 1.0
Lot Size: 0.28 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1968
Year Renovated: —
County: Fayette County
APN: 14121850
Home facts updated by county records on Aug 7, 2026
Other
Listing Information
Contingency: Contingent
Around this home
Schools
Lansdowne Elementary School
Public PreK-5 • Assigned • 0.2mi
3/10
Southern Middle School
Public 6-8 • Assigned • 0.9mi
7/10
Tates Creek High School
Public 9-12 • Assigned • 1.9mi
3/10
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 • 40517
Average low and high temperatures (°F)
36
20
47
28
64
41
72
50
73
55
84
65
90
71
85
65
82
60
70
48
57
40
46
32
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.
8.2 hrs
3.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$405,000 – $491,000
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