Investment Opportunity in Ashland Park! Located on a desirable corner lot in the heart of Ashland Park, just two blocks from Henry Clay Estate, this well-maintained 4-plex offers timeless charm and excellent income potential. The property features four oversized one-bedroom, one-bath units, each with spacious closets and its own covered front porch. A welcoming entry foyer provides access to the upper-level apartments and the expansive basement. The large basement includes individual washer and dryer hookups for each tenant, along with private walk-in storage units. First-floor apartments offer both front and rear porch entrances and are conveniently located just steps from the covered four-car garage. Overlooking the picturesque, park-like islands along Slashes Road, this property combines a prime location, classic character, and strong rental appeal in one of Lexington's most sought-after neighborhoods.
This Iconic corner lot 4-plex in the heart of Chevy Chase 2 blocks from Henry Clay's Estate is available for purchase. 4 extra large one bedroom/one bath units each with classic individual covered front porches or covered balconies. Large basement has washer dryer hookups for each tenant and individual walk-in private storage units. Entry foyer leads to upstairs units or into basement. 1st floor units have front & back porch entries just a few steps from covered 4 car garage that overlooks the spacious park-like islands on Slashes Rd
Year
Property tax
Land + Additions
Assessment*
2026
$9,763 (+145.9%)
2015
$3,970 (+1.8%)
2014
$3,901
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
60 ft.
Lot depth
—
Lot size
9,000 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
6,048
Year built
1955
Style
Multi-Family (5+ Unit)
County
Fayette County
APN
15804400
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 21, 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
Climate risks
4/10 Flood Factor
Estimated 19-29% chance 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
77/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 305 Sycamore Rd
$765,981
$44K under list price of $810K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $800K to $1.3M.