Golden opportunity! Unique building with 8 ranch apartments with basements, 8 garages, and back parking lot. Located next door to Lansdowne Elementary School. Each apartment has 1.5 baths and basement which includes family room, laundry room, half bath and 1-car garage. Six of the apartments are two bedrooms and two of the apartments are one bedroom (actually on of the larger appointments is walled off for a 3rd bedroom). Some tenants use the basement family room as an additional bedroom. $67,000 gross rents annually. Roof is approximately 6 years old and all front windows are approximately 4 years old. Easy to rent! Terrific location! Owner/agent.
Multi-familyProperty Type
1974Year Built
0.64 acresLot Size
$68Price/Sq.Ft.
Listed by Lisa Peel• Keller Williams Bluegrass Realty
Bought with Chris Schuetz• Keller Williams Bluegrass Realty
Source:ImagineMLS #1700424
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Golden opportunity! Unique building with 8 ranch apartments with basements, 8 garages, and back parking lot. Located next door to Lansdowne Elementary School. Each apartment has 1.5 baths and basement which includes family room, laundry room, half bath and 1-car garage. Six of the apartments are two bedrooms and two of the apartments are one bedroom (actually on of the larger appointments is walled off for a 3rd bedroom). Some tenants use the basement family room as an additional bedroom. $67,000 gross rents annually. Roof is approximately 6 years old and all front windows are approximately 4 years old. Easy to rent! Terrific location! Owner/agent.
ImagineMLS #1603897
Jun 20, 2016
Listing Removed
—
Apr 14, 2016
Price Changed
$595,000
$49/sq ft
Mar 9, 2016
Listed
$625,000
$52/sq ft
Year
Property tax
Land + Additions
Assessment*
2015
$3,695 (+1.8%)
2014
$3,631
Tax history for 340 Redding Rd
Year
Property tax
Land + Additions
Assessment*
2015
$3,695 (+1.8%)
2014
$3,631
*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-3
Planned Neighborhood Residential Zone
The intent of this zone is to provide for medium density mixed residential development, including multi-family dwellings, group residential housing, compact housing types, attached and detached single 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. This zone should provide a variety of housing options rather than a single type. The medium density residential uses should be located along local and collector streets, with lower density residential uses located along local streets. Adequate multi-modal connections should be available to all residents, so to allow for long term viability and incremental growth. Low and Medium density residential land uses 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
Apr 28, 2021 • Final
Hvac residential replacement
HVAC
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: LANSDOWNE UNIT 18-C
Building Sq. Ft: 12,062
Lot Information
# of Buildings: 1
Land Sq. Ft: 27,716
Legal Lot Number: 1
Legal Block Number: A
Acres: 0.6363
Zoning Code: R-3
County Use Description: M - APARTMENTS 3-19 RENTAL UNI
Financial
Assessor Information
Assessment Year: 2023
Public facts
Beds: —
Baths: —
Sq. Ft.: 12,062
Stories: —
Lot Size: 0.64 acres
Style: Multi-Family (5+ Unit)
Year Built: 1974
Year Renovated: —
County: Fayette County
APN: 16780100
Home facts updated by county records on Aug 7, 2026
Around this home
Schools
Lansdowne Elementary School
Public PreK-5 • Assigned • 0.1mi
3/10
Southern Middle School
Public 6-8 • Assigned • 0.7mi
7/10
Tates Creek High School
Public 9-12 • Assigned • 1.8mi
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)
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64
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48
57
40
46
32
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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.