Multi Family homes for sale & real estate in 40588, KY

Multi Family Home for sale in 40588, KY:

Attention Investors! Great opportunity to add a fully occupied duplex to your rental portfolio in downtown Lexington. Currently generating $1,615 per month in total rental income, each unit features a living room, kitchen, 1 bedroom, and 1 full bathroom. Unit #1 was updated in 2021 with newer flooring and kitchen improvements, and the property received a new roof in 2023. With tenants already in place and immediate rental income, this is an easy addition to an investment portfolio. Property is being sold as-is with inspections welcome.

Multi Family Home for sale in 40588, KY:

FULLY REMODELED TRIPLEX - TURNKEY INVESTMENT 100% Occupied | New Roof 2026 Steps to Transylvania University. A cash-flowing investment opportunity rented to Transylvania University students! Property Highlights: Total Remodel in 2020 BRAND NEW Roof (2026) + New Gutters All units with Title Floors, New Kitchens, Bathrooms, Windows & Fixtures Fully Rented - Stable Student Tenants 1ST FLOOR UNIT: 3 Bed / 1 Bath - FULLY FURNISHED Brand New Central AC Completely updated Rent: $2,100 / month plus electricity 2ND FLOOR UNIT: 3 Bed / 1 Bath Brand New Central AC Modern Finishes Throughout Rent: $2,100 / month + Utilities (1-Year Lease) 3RD FLOOR UNIT: 500 Sq. Ft.

Multi Family Home for sale in 40588, KY:

This offering includes both sides of the duplex at 414 and 414½ Morrison Avenue. Each unit features two bedrooms and one full bathroom. Both units are currently rented for $625 per month, providing a combined gross monthly income of $1,250. Estimated market rents in the property's current condition are approximately $1,100 to $1,300 per unit, offering significant income-growth potential. The 414 Morrison Avenue unit was updated in 2014, while the 414½ unit has not been updated and offers an opportunity for future improvements and additional value. Neither side has a lease; both tenants currently occupy on a month-to-month basis. This is a solid opportunity for an investor seek

Multi Family Home for sale in 40588, KY:

310 Hanover Court holds the rare, adaptable soul that defines Kenwick's most captivating homes. Currently operating as a spacious single-family, this property retains the graceful bones of its original duplex heritage offering an effortless canvas to awaken a multi-unit income stream or craft a custom, light-filled layout entirely your own. Whether you choose to live in one unit while bringing vision to the other, curate an income-generating retreat, or reimagine the space from the ground up, the potential here feels unbound. Step outside to Kenwick's tree-lined avenues, vibrant local spots, and rich neighborhood pulse, and let this historic footprint inspire its next extraordinary chapter.