Sign up to get new listings emailed daily! JOIN SIGN IN
Debra Bray
REALTOR®

509 W 3rd Street, Lexington, KY 40508

$675,000
  • 509 W 3rd Street, Lexington, KY 40508 Main Photo

48 Total Photos [Click to View All]

New to the Market Active
BEDS5 BATHS4 full SQUARE FEET3,585 MLS#26007853
STATUS PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONDowntown SCHOOLFayette County - 1

Property Description

Turn-key four-plex income property in one of downtown Lexington's most sought-after locations???the thriving Jefferson Corridor, surrounded by recently completed high-end developments. This investment opportunity is currently fully leased, generating over $50,000 in annual rental income with low maintenance requirements. Major system upgrades include high-efficiency heating and cooling, along with updated electrical that is separately metered completed in 2021???offering flexibility for potential individual unit sale. While preserving its original charm featuring vaulted ceilings, beautiful hardwood floors, and classic window moldings. Residents have in-unit washer and dryer and a private fenced backyard with community firepit. Additional highlights include on-site garage parking with extra parking available. Ideally located with short distance to the University of Kentucky, Rupp Arena, Transylvania University, as well as popular dining and entertainment destinations such.

509 W 3rd Street | MLS# 26007853

This multi-family property located at 509 W 3rd Street, Lexington, KY 40508 is currently listed for sale with an asking price of $675,000. W 3rd Street is located within the Fayette County - 1 school district. Search Lexington real estate on dbray.salliedavidson.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Electric
Fuel Type: Electric, Gas
Heating: Electric, Natural Gas
Lot Size: 0.18 Acres
Roof Type: Composition, Flat
Year Built: 1920

Feature Descriptions

Days on Site: 2
Lot Dimensions: 0.183 acre(s)
Parcel #: 14751975
Parking Notes: Covered, Enclosed
Structure Type: Quadruplex
Utilities: Electricity Connected, Natural Gas Connected, Water Connected

Local Schools

High School: Lafayette
Middle School: Lexington Trad
Elementary School: Harrison
School District: Fayette County - 1

Listed By / Shown By

Listed By

Agency Name: Bluegrass Sotheby's International Realty

Shown By

Agent Name: Debra Bray
Agent Phone:
Agency Title: SALLIE DAVIDSON, REALTORS

IDX logo

Estimate Your Payment

Estimated Payment

$ 2,621.72 per month $2,424.84 Principal & Interest $0.00 Property Tax (data not provided by mls) $196.88 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/17/2026. The listing information on this page last changed on 04/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/17/2026 4:37:43 AM EST) or Imagine MLS (last updated Thu 04/16/2026 11:15:13 PM EST). Real estate listings held by brokerage firms other than SALLIE DAVIDSON, REALTORS may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility

Agency License Information: SALLIE DAVIDSON REALTORS, KENTUCKY


Login to My Homefinder

Pixel