For sale

$944,900

Est. $5,597/mo —

•

7,300

sq ft

388 Redding Rd, Lexington, KY 40517

About this home

Attention Investors! 8-Unit Apartment Building. Turn-Key Investment Opportunity With Immediate Value-Add Potential! All the heavy lifting has already been done on this fully occupied asset, making it an easy addition to your portfolio. Recent major capital improvements include a newer roof, gutters, windows, siding, and breaker panels. Several units have also been recently updated/renovated, creating a strong blend of current stability and upside through future interior updates. The property is currently 100% occupied, with all tenants (8) on month-to-month leases, offering maximum flexibility for rent increases, additional renovations, or portfolio repositioning. 5 of 8 tenants are long-term residents who would love to stay, providing dependable in-place income from day one. Seller is license KY real estate agent.

Multi-familyProperty Type

1978Year Built

0.27 acresLot Size

$129Price/Sq.Ft.

Listed by Iris Todd • Bluegrass Property Exchange

Listing updated: Aug 20, 2026 at 12:00pm

Redfin checked: a minute ago

•Source:ImagineMLS #26022566

Payment calculator

$5,597 per month

Principal and interest$4,966

Property taxes

$308

HOA dues

Home insurance

$323

Utilities

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Mortgage resources

See this home in person

Open houses

No upcoming open houses.

Nearby open houses (10)

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Around this home

Schools

K - 12
Preschool & daycare

Lansdowne Elementary School

Public PreK-5 • Assigned • 0.3mi

3/10

Southern Middle School

Public 6-8 • Assigned • 0.8mi

7/10

Tates Creek High School

Public 9-12 • Assigned • 1.5mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

388 Redding Rd · $944,900

DAYS ON MARKET

The average home goes pending in 35 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

LIST PRICE

Median list price in this area is $375,000. (60% lower than this home)

PRICE DROP

52% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Central air conditioning
Electric heating
Heating present

Bathrooms
8 full bathrooms

Sale and tax history for 388 Redding Rd

Sale History
Tax History

Date

Event

Price

ImagineMLS #26022566

Aug 19, 2026

Listed

$944,900

$129/sq ft

ImagineMLS #26007953

Aug 19, 2026

Relisted

—

Jul 24, 2026

Pending

—

Jul 24, 2026

Listing Removed

—

Jul 22, 2026

Price Changed

$959,900

$131/sq ft

Jul 6, 2026

Price Changed

$974,900

$134/sq ft

Jun 6, 2026

Price Changed

$999,900

$137/sq ft

May 18, 2026

Price Changed

$1,049,900

$144/sq ft

May 5, 2026

Price Changed

$1,069,900

$147/sq ft

Apr 15, 2026

Listed

$1,099,900

$151/sq ft

Public Records

Feb 16, 2022

Sold

$659,500

$90/sq ft

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

—

Lot width

101 ft.

Lot depth

—

Lot size

0.27 Acres

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

7,300

Year built

1978

Style

Multi-Family (5+ Unit)

County

Fayette County

APN

13744638

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

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

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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

91/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10.2 hrs

7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 388 Redding Rd

$919,842

$25K under list price of $945K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $500K to $890K.

SOLD JUL 1, 2026
$595,000 Last sold price
4 beds2.5 baths2,347 sq ft
733 Malabu Dr, Lexington, KY 40502
$125/sq ft
larger lot
14 years older
SOLD AUG 11, 2026
$780,000 Last sold price
5 beds4 baths3,713 sq ft
821 Cahaba Rd, Lexington, KY 40502
$81/sq ft
larger lot
10 years older
SOLD JUN 26, 2026
$500,000 Last sold price
3 beds2.5 baths3,717 sq ft
3287 Nantucket Dr, Lexington, KY 40502
$6/sq ft
larger lot
13 years older
SOLD JUL 10, 2026
$745,000 Last sold price
4 beds3 baths4,005 sq ft
809 Raven Rd, Lexington, KY 40502
$57/sq ft
larger lot
20 years older
SOLD MAY 22, 2026
$636,000 Last sold price
4 beds2.5 baths3,275 sq ft
318 Jesselin Dr, Lexington, KY 40503
$65/sq ft
larger lot
16 years older
SOLD JUL 2, 2026
$890,000 Last sold price
4 beds2.5 baths3,598 sq ft
828 Cahaba Rd, Lexington, KY 40502
$118/sq ft
larger lot
8 years older

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Make a winning offer with the help of a local agent

(859) 549-5531

Early Access listings

Contact for price

— beds— baths— sq ft

5708 Old Floydsburg Rd, Crestwood, KY 40014

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Details provided by ImagineMLS and may not match the public record. Learn more.

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